Hollywood Reporter – Wanda to Consolidate Chinese Film Assets Through Major Merger

Legendary Entertainment, the Hollywood Studio Wanda acquired last year, is notably absent from the proposed merger. Wanda attempted to include Legendary in a merger last year but was blocked by regulators due to the studio’s operating losses.

July 10, 2017

‘Chinese billionaire Wang Jianlin, chairman of Dalian Wanda Group, is set to take more of his film industry assets public.

The Chinese conglomerate’s publicly traded movie theater business, Wanda Film Holding, asked for a suspension of trading in its shares earlier this week, pending “plans to acquire film-related assets.” Those plans were made public Tuesday in a┬áregulatory filing┬áto the Shenzhen Stock Exchange.’

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