Dalian Wanda Group

Wanda’s $1bn Dick Clark deal collapses

The US$1 billion sale of US entertainment prodco Dick Clark Productions into Chinese hands has collapsed. A regulatory filing from current DCP owner Elridge Industries on Friday revealed Dalian Wanda Group had pulled out of its agreement to buy the company, which is one of America’s oldest and most-prolific entertainment producers. Elridge is seeking a […]

Viacom ‘will keep Paramount’

Viacom is no longer looking actively to sell as stake in Paramount Pictures, according to a report by Bloomberg. According to the news agency, citing unnamed sources, Viacom has decided that the movie studio is a key asset and has pulled back from the idea of a sale. Viacom hired PJT Partners to look into […]

Dauman set to exit as Viacom war ends

Philippe Dauman is set to leave his role as CEO of Viacom in exchange for a massive pay-out, ending the war for control of the US entertainment giant. According to numerous media sources, Viacom’s board met last night to vote and agree on terms of a deal with the company’s controlling shareholder, Sumner Redstone. Viacom […]

Viacom, NA clash over Paramount sale plan

Selling a chunk of Paramount Pictures to China’s Dalian Wanda Group would “undermine” long-term value at the Viacom-owned studio, according to National Amusements. The battle for the future of Viacom and its subsidiary Paramount reached its latest stage late last week when Viacom owner NA released a statement warning a deal would damage value for […]

Chinese giant ‘cuts deal for Legendary’

Chinese conglom Dalian Wanda Group is reported to have taken a majority stake in US studio Legendary Entertainment. Reuters quoted an unnamed source who claimed the deal, which values Legendary at between US$3 billion and US$4 billion, had been done. Dalian Wanda already owns North America’s second-largest movie theatre chain AMC Entertainment, but this would […]

China Dalian Wanda eyes Lionsgate, MGM

Dalian Wanda Group is discussing acquiring a minority stake in US independent studio Lionsgate. The boss of the Chinese media firm, Wang Jianlin, said his company has also had negotiations about putting money into another US film and TV studio, MGM. Speaking to Bloomberg TV, Jainlin said Dalian Wanda, which is the world’s largest cinema […]