Lights, Cameras but Little Action for China’s New Film Capital

Wayne Ma and Erich Schwartzel
Wall Street Journal
Wanda Studios Qingdao is the centerpiece of billionaire Wang Jianlin’s plan to court Hollywood, but it hasn’t attracted many big-budget productions.

Wanda Sues over 'False' Reports on Chairman Wang Jianlin

Wayne Ma
Wall Street Journal
Dalian Wanda Group, the property and entertainment giant controlled by billionaire Wang Jianlin, has filed defamation suits against at least 10 Chinese social media accounts that published reports the company says sent its shares and bonds tumbling.

A Missing Tycoon’s Links to China’s Troubled Dalian Wanda

New York Times
Dalian Wanda, the Chinese conglomerate that owns the AMC movie theater chain and nurtures Hollywood ambitions, has sometimes turned to the secretive business network of a politically connected Chinese billionaire in times of need. Now both Wanda and...

China’s Crackdown on Money Fleeing the Country Looks Like It’s Working

Sophia Yan
CNBC
China’s giant cash pile is increasing—and it’s a sign that the government’s industry-spanning crackdown on money fleeing the country is working.

Conversation

08.03.17

As China Reins in Capital, What Next for Global Trade?

Yu Zhou & Peter Knaack
China’s Communist Party and its leader, Xi Jinping, are tightening controls on overseas spending by the country’s biggest companies and their highly visible billionaire CEOs. The Wall Street Journal reported recently that Xi personally signed off on...

U.S. Cinema Chain AMC's Shares Plummet 25% on Profit Warning in Latest Setback to China's Wanda Group

Jane Li
South China Morning Post
Troubled Chinese real estate conglomerate Dalian Wanda Group has received another setback after shares of its U.S. cinema subsidiary, AMC Entertainment Holdings, plummeted 25 percent on Tuesday after it issued a profit warning for the second quarter.

Debt-Ridden Chinese Giant Now a Shadow of Its Former Size

Keith Bradsher
New York Times
The Han Show here in central China was supposed to turn the city of Wuhan into a leading tourist destination, with a dazzling spectacle of lights, water jets and acrobats by the former creative director of Cirque du Soleil. But the custom-built 2,...

Chinese Billionaire Battles Talk of Trouble at Real Estate Empire

CNN
Last week Dalian Wanda sold several theme parks and dozens of hotels for $9.3 billion, marking the end of Wang Jianlin’s dream to defeat Disney (DIS) in China. The billionaire said the deal would reduce his company’s debt burden. It followed several...

China Cracks down on Dalian Wanda’s Overseas Deals: WSJ

Reuters
China’s regulators have told banks to stop providing funding for several of Dalian Wanda Group’s overseas acquisitions as Beijing looks to curb the conglomerate’s offshore buying spree, sources familiar with the matter said on Monday.

China’s Richest Man Builds World’s Biggest Indoor Ski Resort, Giving Harbin Year-Long Winter

Zheng Yangpeng
South China Morning Post
Harbin Wanda City, the $6 billion resort development built by China’s wealthiest tycoon Wang Jianlin, opened for business on Friday, the conglomerate’s sixth theme park as it pushes further into the country’s leisure and entertainment industry to...

Big China Companies Targeted over ‘Systemic Risk’

Financial Times
China’s bank regulator ordered domestic lenders to check the “systemic risk” presented by “some large enterprises” involved in overseas buying sprees, sending stock prices of some of the country’s most acquisitive private-sector companies sharply...

Peter Loehr to Exit as Legendary Entertainment’s China Chief

Henry Chu
Variety
Longtime China hand Peter Loehr will exit Beijing-based Legendary East at the end of the month, leaving another senior post to be filled at Dalian Wanda-owned Legendary Entertainment after the recent departure of founder Thomas Tull.

After Dick Clark Productions Deal Fails to Close, What’s Next for Dalian Wanda?

Gene Maddaus, Brent Lang
Variety
Wang Jianlin has led a triumphal march through Hollywood.

China’s Dalian Wanda Group Faces Renewed U.S. Regulatory Scrutiny

Erich Schwartzel and Siobhan Hughes
Wall Street Journal
Top Senate Democrat Chuck Schumer raises concerns over Chinese conglomerate’s Hollywood takeovers

Dick Clark Productions to be Sold to Chinese Company for $1 Billion

Amie Tsang
New York Times
The deal will give Dalian Wanda Group broadcasting rights to the Golden Globes, the Country Music Awards and the NYC New Years countdown

Dalian Wanda’s Hollywood Event Is Itself a Production

Brooks Barnes
New York Times
"Star Wars" music. Ushers in gold evening gowns. The mayor of Los Angeles. Inside Dalian Wanda's Hollywood event...

Chinese Billionaire Wang Jianlin Descends on Hollywood

Patrick Brzeski
Hollywood Reporter
Wanda's gala event at LACMA is expected to attract A-list stars and executives, as the company's outspoken chairman announces a major new production incentive in China...

China’s Rising Threat to the U.S. Movie Industry

Richard Berman
Politico
With firms like Dalian Wanda gaining influence in the U.S., would a war movie called South China Sea ever play in one of Wanda’s theaters?

Sony and Wanda Team Up to Market Films in China

Wayne Ma and Erich Schwartzel
Wall Street Journal
Deal could boost Sony Pictures’ box-office returns, strengthen Dalian Wanda’s movie-business profile

Odeon And UCI Cinemas Sold to China-Owned Firm

BBC
The Cinema group has been bought by AMC, owned by Chinese conglomerate Dalian Wanda....

China's Richest Man Just Picked a Fight With Disneyland

Scott Cendrowski
Fortune
Wang Jianlin’s Wanda Group is also building amusement parks.

Conversation

01.13.16

Does Chinese Investment Pose a Threat to Hollywood?

Jonathan Landreth, Stanley Rosen & more
The Wanda Group, China’s leading real estate developer, on Monday paid $3.5 billion for a controlling stake in Hollywood studio Legendary Entertainment, maker of Jurassic World, among other global blockbusters. At a time when Hollywood is...

China's Wanda Acquiring Controlling Stake in Legendary Entertainment

Patrick Brzesk and Borys Kit
Hollywood Reporter
Wanda aims to be a global entertainment giant, buying the No. 2 U.S. cinema chain AMC for $2.6B in 2012.

Wang Jianlin, a Billionaire at the Intersection of Business and Power in China -

Michael Forsythe
New York Times
Wang tends to present himself as the pragmatic face of big business in China.

China’s Wanda to Create Movie Fund to Attract Hollywood Productions

Abid Rahman
Hollywood Reporter
Wanda's billionaire chairman, Wang Jianlin, said the planned fund would work with the private sector to recreate Hollywood in China...

Will Wanda Buy Its Way Into Hollywood?

Patrick Frater
Variety
Chinese companies have an unfortunate habit of announcing deals before they are signed, or even agreed on, but Wang’s past dealings and current success give him the credibility that some other wannabe film moguls do not have. 

China’s Wanda Unveils $8.2 Billion Movie Fund

Clifford Coonan
Hollywood Reporter
Wanda’s huge investment plan is an attempt to turn China’s movie industry into the world’s biggest within 5 years, and includes the Qingdao Oriental Movie Metropolis which contains a 10,000-square-meter film studio, 19 smaller facilities...

China’s Dalian Wanda Group Gives $20 Million to Academy Museum

Rebecca Ford
Hollywood Reporter
The gift, the second-largest commitment received to date, was made as part of the Academy Museum’s $300 million campaign. The Academy will name the museum’s film history gallery The Wanda Gallery. 

Conversation

09.24.13

A Shark Called Wanda—Will Hollywood Swallow the Chinese Dream Whole?

Stanley Rosen, Jonathan Landreth & more
Stanley Rosen:Wang Jianlin, who personally doesn’t know much about film, made a splash when he purchased America’s No. 2 movie theater chain AMC at a price many thought far too high for what he was getting.  A number of knowledgeable people...

Property Mogul Wang Emerges as China’s Richest Person

Bloomberg
Wang Jianlin, owner of China’s biggest commercial land developer, is the nation’s wealthiest person, based on regulatory filings that show his non-real estate businesses are more valuable than previously calculated. 

China’s Dalian Wanda In Talks To Buy European Theater Chain

Reuters
Dalian Wanda has shown interest in purchasing UK-based chains, Odeon & UCI Cinemas Holdings and Vue Entertainment, the Wall Street Journal reported, citing people familiar with the situation.  

Will China Buy a Hollywood Studio?

Clarence Tsui
Hollywood Reporter
All of China's recent investment in Hollywood raises the question: Is China positioning itself to buy a major studio? Three reasons why it will, and one why it won't...

An Overture from China Has Yet to Win Hollywood

Michael Cieply
New York Times
In September, China’s Dalian Wanda Group chairman and president said he would invest $10 billion in the U.S. To judge from the deal-making pace, it may take a while.

Soft Power: China's Wanda Eyes U.S. Hotel, Movie Deals

Terrill Yue Jones
Reuters
Wanda, the world's No 1 movie theater owner, is planning a $10 billion spending spree to make Hollywood film co-productions and buy and build hotels in U.S. cities. ...