Variety – Wanda’s $1 Billion Bet to Transform Legendary Into Global Media Giant

Wanda, which also owns the AMC movie theater chain, aims to make Legendary a top 5 studio by 2020.

May 3, 2017

‘Give the Dalian Wanda Group this much: It is nothing if not brash. Much of Hollywood did a double take when the Chinese conglomerate shelled out $3.5 billion for Legendary Entertainment last year. Jaws dropped further when Wanda announced it was paying $1 billion for Dick Clark Prods. — a deal so exuberant that the Chinese government was moved to kill it.’

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