Dalian Wanda

Dalian Wanda buys Dick Clark for $1bn

China’s Dalian Wanda has paid US$1 billion to acquire the historic US producer Dick Clark Productions. The deal hands conglom Dalian Wanda 100% of the shares in DCP, and marks a significant step into production for the Chinese company. DCP will sit alongside Legendary Entertainment as another US production asset in the Dalian Wanda stable, […]

Legendary finds Parent as Rosenblum exits

Legendary Entertainment has brought in producer Mary Parent to run its film and TV operations, as television and digital chief Bruce Rosenblum exits. Parent has been named vice-chair, worldwide production at the US studio, which was recently acquired by China’s Dalian Wanda Group. He hire comes after the exit of Legendary’s president and chief creative […]

Legendary president exits after Wanda deal

Legendary Entertainment president and chief creative officer Jon Jashni is leaving the US studio to form an entertainment investment fund. Jashni is forming Raintree Ventures, an investment and incubation operation and fund, after ten years with Legendary. This comes just weeks after Chinese conglom Dalian Wanda bought film and TV firm Legendary for US$3.5 billion. […]

US rubber-stamps Legendary-Wanda deal

US regulatory authorities have approved the deal that will see Legendary Entertainment pass into Dalian Wanda’s hands, marking the first time a US studio has come under Chinese control. China-based Dalian Wanda’s US$3.5 billion deal to buy the Hollywood studio has got the greenlight from the US Department of Commerce less than a month after […]

Chinese conglom pays $3.5bn for Legendary

China’s Dalian Wanda is to acquire US studio Legendary Entertainment for US$3.5 billion. The Chinese conglomerate confirmed it had entered into a ‘merger agreement’ that would see it pay around RMB23 billion in cash for full control of Legendary. Previous investors such as Japan’s SoftBank and investment group Waddell & Reed are selling their stakes. […]

Lionsgate chairman to sell 10 million shares

Lionsgate Entertainment chairman and key shareholder Mark Rachesky is to sell 10,000,000 shares in the US studio. Rachesky is offering the shares via his investment firm, MHR Fund Management, and gives underwriter J.P. Morgan Securities a 30-day option to purchase 1,500,000 shares. This will reduce Rachesky’s stake by about 7% from the current 35%, and […]