Chinese conglomerate Dalian Wanda buys Dick Clark productions for $1bn

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Deal ‘marks Wanda’s entry into the television production industry’ and builds on portfolio that already includes AMC Theaters and Legendary Entertainment

The Chinese conglomerate Dalian Wanda Group has finalized a $1bn deal to buy Dick Clark Productions, the company announced on Thursday.

Dalian Wanda, a real estate and entertainment corporation owned by a billionaire who has aggressively pursued US film companies in recent years, said it had acquired a 100% stake in Dick Clark production “marking Wanda’s entry into the television production industry”.

Related: Wang Jianlin: does China’s richest man have a plan to take over Hollywood?

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Source: china
Link : Chinese conglomerate Dalian Wanda buys Dick Clark productions for bn

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