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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

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

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

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

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

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 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

More Turmoil for China’s Wanda as Rumors Fly

China’s Dalian Wanda issued a stern denial Monday following rumors that company chairman Wang Jianlin had been detained by authorities as he attempted to fly abroad. The unsubstantiated reports caused stocks in Wanda’s hotel group to swoon. “Rumors have been spread by people with ulterior motives,” the company said in a statement. “This is not... Read more ».....»»

Category: topSource: varietyAug 28th, 2017

China"s Wanda extends Hollywood push with Dick Clark deal

SHANGHAI/SAN FRANCISCO (Reuters) - China's Dalian Wanda has agreed a $1 billion takeover of Dick Clark Productions, the company that runs the Golden Globe awards and Miss America pageants, extending the Chinese property-to-entertainment conglomerate's buy.....»»

Category: topSource: reutersDec 18th, 2016

Wanda Sykes Boggies Down During U.S. Open

Wanda Sykes got down in a big way at the U.S. Open. Wanda was watching the matches Saturday, but during a break when the music filled the Arthur Ashe Stadium she busted her moves. The Open is about way more than just tennis.  It's a fun….....»»

Category: topSource: tmzSep 3rd, 2017

Wanda Boss Clarifies Debt Position as Sentiment Turns Against Deal Makers

Wang Jianlin, founder and chairman of China’s Dalian Wanda, Thursday moved to reassure financial markets about his company’s solvency. But there is a growing swell of discontent with financial excess. “Once the transaction with Sunac and R&F Properties is completed, Wanda Commercial will have nearly $29 billion (RMB200 billion) in loans plus bonds. We have... Read more ».....»»

Category: topSource: varietyJul 20th, 2017

Jack Gao Departs Wanda Group, Legendary Entertainment

Jack Gao, senior vice president of Dalian Wanda Group and interim CEO of Legendary Entertainment, has departed the Chinese conglomerate, Variety has confirmed. The move comes after Wanda has been rebuffed by the Chinese government for its aggressive overseas expansion moves. Gao had been instrumental in many of those moves — some successful, others that were aborted. […].....»»

Category: topSource: varietyOct 16th, 2017

Howard Stern Staffer Benjy Bronk -- Flirting with a Finger in His Butt ... Says Wanda Sykes

'Howard Stern Show' writer Benjy Bronk got a rude awakening from Wanda Sykes, who warned him he's getting dangerously close to an unwanted ass inspection from a stranger.We got Wanda and Benjy outside the Sirius XM building this….....»»

Category: topSource: tmzJun 17th, 2014