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Business/Finance
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Title: Chinese Company Set to Buy Majority Share of Hollywood Movie Company
Source: [None]
URL Source: http://sputniknews.com/us/20160106/ ... lywood-production-company.html
Published: Jan 6, 2016
Author: staff
Post Date: 2016-01-06 02:29:27 by Tatarewicz
Keywords: None
Views: 108
Comments: 1

Sputnik...A politically powerful Chinese company with close ties to the Communist Party is set to buy a major stake in a Hollywood powerhouse production company known for their blockbuster films

Investors in Legendary Entertainment have agreed to sell Dalian Wanda Group their stakes of over 50% of the company — which is valued around $4 billion, the New York Times reported.The remainder of the company will continue to be owned by their existing management.

The production company is best known for films such as “Godzilla” and “Pacific Rim,” and is attempting to begin working in television as well.

The Dalian Wanda Group already owns AMC Cinemas and the largest cinema chain in China. The media conglomerate is owned by China’s richest man.

Chairman of the group, Wang Jianlin is a former military officer whose goal is to “deepen China’s influence in the global entertainment industry,” the New York Times wrote.

“He’s basically putting himself in such an important position that makes it really difficult for the government to go after him, because he’s actually carrying the water for the government in terms of making inroads into Hollywood,” Stanley Rosen, a professor of political science at the University of Southern California who studies China’s film industry told the newspaper. “That’s an important aspect of government policy.”

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Poster Comment:

comments puffinwillow... perhaps he can hire some christians and replace jews

Tatarewicz: Christians don't go to extremes like Jews to be interesting, funny.

Post Comment   Private Reply   Ignore Thread  


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#1. To: Tatarewicz (#0)

The production company is best known for films such as “Godzilla” and “Pacific Rim,”

Pacific Rim......

While suffering through that production, I could not help thinking that if that kind of story can be made into a film, there is no excuse for me for not writing a story that could make it to the big screen.

Seriously.... of all the stories they could make into a movie, their decision to do that one really shows they were scraping the bottom of the barrel. Pathetic.

Pinguinite  posted on  2016-01-06   3:22:12 ET  Reply   Trace   Private Reply  


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