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China’s Wanda Planning Two More Hollywood Deals (Report)

Dalian Wanda, the Chinese group that earlier this year acquired Legendary Entertainment, may be heading for two more acquisitions in Hollywood, each with a valuation of over $1 billion. Wang told news agency Reuters: “My goal is to buy Hollywood com.....»»

Category: topSource: varietyJan 12th, 2017

China’s Wanda Ready to Sue Over Financial Allegations

China’s Dalian Wanda group has rebuffed social media suggestions that it is in financial difficulties. And it pulled back the curtains on new backlots at the Wanda Qingdao Studios. Wanda said that it had reported blog Baoyouqu to the police for slander. The site recently published an article headlined Wang Jianlin Meets his Waterloo. Wanda […].....»»

Category: topSource: varietyDec 15th, 2017

Wanda Boss Clarifies Debt Position as Criticism of Deal-Making Grows in China

Dalian Wanda chairman Wang Jianlin moved Thursday to reassure markets of his mammoth company’s solvency amid a growing wave of discontent in China with financial excess and heightened scrutiny of Wanda’s dealings. “Once the transaction with Sunac and R&F Properties is completed, Wanda Commercial will have nearly RMB 200 billion [$29 billion] in loans plus... Read more ».....»»

Category: topSource: varietyJul 20th, 2017

Wanda Film Delays Announcement of Its Overhaul, Says Reorganization Is Still Ongoing

Wanda Film Holding, the Dalian Wanda subsidiary that operates China’s largest cinema chain, has delayed announcement of its planned reorganization, saying Wednesday that it needed more time to complete all the processes required for restructuring. The delay in unveiling the reorganization, which had been scheduled for Thursday, comes as parent company Dalian Wanda struggles to... Read more ».....»»

Category: topSource: varietyAug 2nd, 2017

China’s Wanda Hits Back at Rumors With Lawsuits

China’s Dalian Wanda says that it has successfully begun legal proceedings against media and individuals recently involved in spreading misinformation. “Regarding the malicious rumors that have recently been fabricated and spread with respect to the chairman of the Dalian Wanda Group, Mr. Wang Jianlin, Wanda has filed lawsuits against the responsible rumormongers on Sept. 5th in... Read more ».....»»

Category: topSource: varietySep 5th, 2017

Wanda Ready to Sell Beverly Hills Property Project (Report)

China’s Dalian Wanda group is making plans to sell its remaining two overseas property developments, both in the U.S. They include the controversial Beverly Hills development, which Wanda once suggested would be the global headquarters of its entertainment division. Wanda is now seeking buyers for the Beverly Hills development and another in Chicago, according to […].....»»

Category: topSource: varietyJan 30th, 2018

What Prompted Jack Gao’s Departure From Wanda and Legendary?

If China’s Dalian Wanda is going to make a comeback in Hollywood, after weathering its present storms, it will do so without Jack Gao. The polished and high-flying executive this week parted from Wanda, the property to entertainment giant, and from its Hollywood producer subsidiary Legendary Entertainment. Wanda insiders insist that the group maintains a […].....»»

Category: topSource: varietyOct 17th, 2017

The Best Black Friday Deals!

There is probably nothing more stressful than Black Friday shopping, and we're not even talking about braving the long lines to shop in person! But it's the FOMO over losing out on the better deal just because you didn't know it existed! We rounded up this year's best discounts so you can find that perfect gift for [...] There is probably nothing more stressful than Black Friday shopping, and we're not even talking about braving the long lines to shop in person! But it's the FOMO over losing out on the better deal just because you didn't know it existed! We rounded up this year's best discounts so you can find that perfect gift for someone (or just yourself), and maybe you'll get your holiday shopping done early this year! Ch-ch-check out the deals (below): CLICK HERE to view "The Best Black Friday Deals!" CLICK HERE to view "The Best Black Friday Deals!" CLICK HERE to view "The Best Black Friday Deals!" CLICK HERE to view "The Best Black Friday Deals!" CLICK HERE to view "The Best Black Friday Deals!" [Image via NBC.].....»»

Category: gossipSource: perezhiltonNov 23rd, 2017

Wang Jianlin Says Dalian Wanda Will Concentrate on Investing in China

In perhaps the clearest sign yet of Dalian Wanda’s chastened ambitions, group chairman Wang Jianlin has pledged to focus on investing locally in response to the Chinese government’s call for economic caution and its concerns over capital flight. Wang said that Wanda, which has aggressively pursued offshore deals and acquisitions, “has decided to keep its... Read more ».....»»

Category: topSource: varietyJul 25th, 2017

China’s Wanda Planning Two More Hollywood Deals (Report)

Dalian Wanda, the Chinese group that earlier this year acquired Legendary Entertainment, may be heading for two more acquisitions in Hollywood, each with a valuation of over $1 billion. Wang told news agency Reuters: “My goal is to buy Hollywood com.....»»

Category: topSource: varietyJan 12th, 2017

Wanda Removes AMC Entertainment Chairman Lincoln Zhang

Lincoln Zhang, the non-executive chairman of AMC Entertainment, the leading North American cinema chain controlled by China’s Dalian Wanda group, has stepped down with immediate effect. Zhang, also known as Zhang Lin, is expected to shift to a senior position within Wanda. Zhang is “taking on new responsibilities within AMC’s controlling shareholder Dalian Wanda,” AMC […].....»»

Category: topSource: varietyMar 14th, 2018

China’s Wanda Sells Stake in Atletico Madrid Soccer Club

Chinese property and entertainment group Dalian Wanda has sold a 17% stake in leading Spanish soccer club Atletico Madrid. Wanda is currently retreating from many of its foreign businesses following a crackdown by the Chinese government. The divestment move is also part of a process of debt reduction. Wanda took a 20% stake in Atletico […].....»»

Category: topSource: varietyFeb 14th, 2018

Wanda Ups Price of Theme Park Sale, Switches Hotel Buyer

China’s Dalian Wanda on Wednesday altered the terms of its proposed selloff of theme parks and 77 hotels, upping the price of the deal and changing the buyer of the hotels. Wanda said the hotels would now be sold to R&F Properties instead of developer Sunac China, which was originally announced as the sole buyer... Read more ».....»»

Category: topSource: varietyJul 19th, 2017

Wanda Film Profits Outstrip China Theatrical Market

Wanda Film Holdings delivered some good news to the embattled Dalian Wanda group. The cinema business enjoyed profits in the six months to June that grew by 10% to $132 million (RMB887 million), up from $120 million (RMB805 million) in the same period last year. The company said that the Chinese theatrical market had expanded... Read more ».....»»

Category: topSource: varietyAug 30th, 2017

Wanda Film Reorganization Still Ongoing

Wanda Film Holding, the Dalian Wanda subsidiary that operates China’s largest cinema chain, says that its internal reorganization remains ongoing. Its shares, suspended from trading on the Shenzhen stock market for the past month, are to remain halted. In a regulatory filing Wednesday, the company confirmed that the planned overhaul involves taking 100% ownership of... Read more ».....»»

Category: topSource: varietyAug 1st, 2017

China Pulls Rug Out From Under Wanda as It Plans Restructuring Ahead of IPO

Dalian Wanda has survived setbacks before, like the time Chinese stock-market regulators tried to slow down its flotation of Wanda Cinema Line. The real estate giant responded with an IPO the following year that gave its multiplex business a market capitalization several times that of AMC, the North American theater group Wanda acquired in 2012. This... Read more ».....»»

Category: topSource: varietyJul 20th, 2017

IMAX, Wanda Partner In Landmark Deal To Add 150 China Theaters

IMAX and IMAX China Holding have entered a deal with Wanda Cinema Line to add 150 theaters throughout China over a six-year period. Construction will begin in 2017 with 110 cinemas expected to be completed by 2020 and the rest by 2022. This will take Wand.....»»

Category: topSource: deadlineAug 2nd, 2016

Wanda to Slash Internet Division (Report)

China’s Dalian Wanda Group is poised to make massive staff cuts at its struggling internet technology arm. According to Chinese media The Paper, over 1,000 staff members of Wanda Internet Technology Group were given written termination notices on Thursday. They take effect from January 1, 2018. Other sources put the total staff cut figures far […].....»»

Category: topSource: varietyDec 29th, 2017

Wanda goes to Hollywood: China tycoon"s firm buys film studio Legendary for $3.5 billion

BEIJING (Reuters) - Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion, turning its chairman into a Hollywood movie mogul as China's richest man steps up a drive to diversify his business emp.....»»

Category: topSource: reutersJan 19th, 2017

China"s Wanda buys Hollywood studio

China's Dalian Wanda Group will buy a controlling stake in Hollywood film studio Legendary Entertainment in a deal valued at $3.5bn (£2.4bn)......»»

Category: topSource: bbc.co.ukJan 13th, 2016

Justin Bieber Banned From Performing In China Due To His "Bad Behavior"!

China is leading its people not into temptation, but delivering them from Justin Bieber. The Beijing Municipal Bureau of Culture has banned the pop star from performing in the country in an effort to "purify" China's entertainment industry! The discovery came after a fan inquired on the culture bureau's website why Bieber was not allowed to perform [...] China is leading its people not into temptation, but delivering them from Justin Bieber. The Beijing Municipal Bureau of Culture has banned the pop star from performing in the country in an effort to "purify" China's entertainment industry! The discovery came after a fan inquired on the culture bureau's website why Bieber was not allowed to perform in China come September as part of his Purpose tour. Related: Hanson Brothers Savagely Burn Bieber's Music Apparently, Bieber's act -- on stage and off -- is just too dirty for the bureau, which didn't want the Canadian crooner to corrupt the Beliebers of China with his naughty behavior! Citing Biebs' several run-ins with the law, the bureau replied: "We sympathize with your feelings. Justin Bieber is a talented singer but is also a controversial young foreign idol. We understand that there are records of his bad behavior, whether it is in his private life abroad or on stage." Sad! But it's not too late for JB to say sorry -- if the bureau finds that his behavior has improved, the 23-year-old may be allowed back to perform in the country! Will Bieber care enough to win his way back into the country's good graces?.....»»

Category: gossipSource: perezhiltonJul 21st, 2017