China's richest man, Wang Jianlin, announced recently, at the World Economic Forum in Switzerland, that his entertainment powerhouse would continue to heavily invest in American entertainment. Wang said that his company, Dalian Wanda Group, would continue to buy Hollywood properties and that they are currently working with an investment budget that could top out at around $10 billion. Despite cool trade relations between the United States of America and China, Wang declared that it would not stop his American entertainment investments.
Wang, 62, who originally made his fortune in Chinese commercial real estate, currently owns several five star hotels as well as the second largest movie theater chain in the North America and is considered to be the world's largest theater owner as his company already owns Odeon and Carmike as well as England's largest chain. This past November, Dalain Wanda bought Dick Clark Productions for a cool $1 billion. Dick Clark Productions is responsible for staging both the Miss America Pageant and the Golden Globe Awards. In addition, Wang owns Legendary Entertainment which is responsible for producing such blockbusters as the recent Jurassic World. Wang's personal worth is in the neighborhood of $40.7 billion.
Wang looks to buy at least one additional Hollywood movie studio. It would be the company's second studio. Despite some backlash from the United State Congress, and already rather cool relations between the two superpowers, Wang expects to move forward and make the acquisitions he is looking to make with his $10 billion bankroll.
PHOTO CREDIT: FirstPost
BROADCAST BEAT is the Official Producer of NAB Show LIVE for the 2017 NAB Show in Las Vegas. In 2016, our broadcast had 1.3 million viewers! For the most in-depth coverage of the show as well as insightful and exclusive interviews... Be sure to tune in at broadcastbeat.comINDUSTRY NEWS2 min read
China's Richest Man Forsees No Let Up In His Hollywood Shopping Spree
Broadcast Beat
Contributor
China's richest man, Wang Jianlin, announced recently, at the World Economic Forum in Switzerland, that his entertainment powerhouse would continue to heavily invest in American entertainment. Wang said that his company, Dalian Wanda Group, would continue to buy Hollywood properties and that they are currently working with an investment budget that could top out at around $10 billion. Despite cool trade relations between the United States of America and China, Wang declared that it would not stop his American entertainment investments.
Wang, 62, who originally made his fortune in Chinese commercial real estate, currently owns several five star hotels as well as the second largest movie theater chain in the North America and is considered to be the world's largest theater owner as his company already owns Odeon and Carmike as well as England's largest chain. This past November, Dalain Wanda bought Dick Clark Productions for a cool $1 billion. Dick Clark Productions is responsible for staging both the Miss America Pageant and the Golden Globe Awards. In addition, Wang owns Legendary Entertainment which is responsible for producing such blockbusters as the recent Jurassic World. Wang's personal worth is in the neighborhood of $40.7 billion.
Wang looks to buy at least one additional Hollywood movie studio. It would be the company's second studio. Despite some backlash from the United State Congress, and already rather cool relations between the two superpowers, Wang expects to move forward and make the acquisitions he is looking to make with his $10 billion bankroll.
PHOTO CREDIT: FirstPost
BROADCAST BEAT is the Official Producer of NAB Show LIVE for the 2017 NAB Show in Las Vegas. In 2016, our broadcast had 1.3 million viewers! For the most in-depth coverage of the show as well as insightful and exclusive interviews... Be sure to tune in at broadcastbeat.comFound this article useful?