Wanda are looking to expand further into film production
Dalian Wanda already owns Legendary Entertainment and AMC’s cinema chain.
Chinese property-to-entertainment conglomerate Dalian Wanda is in talks to buy a controlling stake in Dick Clark Productions, the company that runs the Golden Globe awards and Miss America pageants, as it expands a growing Hollywood portfolio.
Run by China’s richest man, Wang Jianlin, Wanda already owns Legendary Entertainment, co-producer of film hits such as “Jurassic World” – which was the biggest U.S.-China movie deal when it was sealed in January. It also owns U.S. cinema chain AMC Entertainment Holdings.Source: http://fortune.com/2016/09/27/china-wanda-dick-clark-productions/Revenue from Wanda‘s cultural division, which also includes its growing tourism business, theme parks and sports, is expected to grow at least 30% this year, potentially reaching 70 billion yuan ($10.5 billion), according to Wang.