Tag: Entertainment

Chinese Conglomerate Makes First Major Investment in Hollywood

Shuang Shan Dalian Wanda Group Co., the world’s biggest movie theater operator, announced on Tuesday that it has acquired a majority stake in Legendary Pictures Films LLC for $3.5 billion in cash. Wanda will be the first Chinese company to...

/ January 12, 2016

Warner Bros. Joins Hollywood Trend Producing Chinese Films

  Shuang Shan Warner Bros. Entertainment Inc. and China Media Capital Partners (CMC) are forming a joint venture called Flagship Entertainment Group Ltd. to produce Chinese language films for the Chinese market. Flagship—majority-owned by CMC—could see its first production released...

/ September 24, 2015
PlayStation controller

China Welcomes Foreign Video Game Makers

By Lauren Dodillet Last week China’s Ministry of Culture finally lifted a 14 year ban on foreign video game consoles, giving companies like Nintendo Co., Sony Corp., and Microsoft Corp. access to what is projected to be a $25 billion...

/ August 4, 2015
Movie Theater

Chinese Film Companies Hooked on Hollywood’s Reels

By Lauren Dodillet  Last Monday two major Chinese film firms—Huayi Brothers Media Corp. and Beijing Enlight Media Co.—confirmed new movie deals with Hollywood companies. They declined to mention the names of those companies for unknown reasons, but according to Agence...

/ March 26, 2015

Universal Studios to Open $3.3 Billion Beijing Theme Park

By Ellen Huber US film company Universal Studios Inc. has teamed up with state-owned Chinese partner Shouhuan Cultural Tourism Investment Company to build a $3.3 billion theme park in Beijing. The park—which will be owned by the partners and a...

/ October 20, 2014