Dalian Wanda Group's $3.5 billion acquisition of US film studio Legendary Entertainment Group has cemented its ambition to become an end-to-end Chinese entertainment company.
It is the fourth-largest Chinese purchase of a US company to date, according to data provider Dealogic, and sees the private conglomerate add the producers of such hits as Jurassic World, Godzilla, and Pacific Rim to its growing film stable.
The deal also overtakes Dalian Wanda’s 2012 purchase of AMC Entertainment for $2.64 billion as China's biggest-ever film industry acquisition, Dealogic states, as the Beijing-headquartered company continues to diversify away from its historic property...
¬ Haymarket Media Limited. All rights reserved.
