Chinese Dalian Wanda will acquire the media company, Legendary Entertainment for $3.5 billion


BEIJING, January 12. /Corr. Roman Balandin/. The Chinese Corporation Dalian Wanda said it has reached an agreement to acquire a majority stake in American media, Legendary Entertainment. As said Tuesday the representatives of the Chinese company, the deal will be about $3.5 billion.

“Dalian Wanda has taken the decision to buy the company, not only for films but also for the acquisition of intellectual property rights,” – said at a special press conference in Beijing the President of the Corporation and the richest man of China, Wang Jianlin.

“We hope that this step will allow China to increase its voice in the international film industry”, – quotes the Chinese news portal “Cicin” the words of the businessman, whose fortune is estimated at $40 billion.

Legendary Entertainment includes a movie company Legendary Pictures, Legendary broadcaster and Television art Studio Legendary Comics. Among the tapes released by Legendary Pictures – the series based on the comic book of paintings, among which are the trilogy of Christopher Nolan about Batman – “Batman: the Beginning” (Batman Begins, 2005), “the Dark knight” (The Dark Knight , 2008), “the Dark knight: the legend” (The Dark Knight Rises, 2012) , as well as the “Superman returns” (Superman Returns, 2006), “man of steel” (Man of Steel, 2013), “Keepers” (Watchmen, 2009). The Studio also released such famous films as “300 Spartans” (300, 2007) and “300: rise of an Empire” (300: Rise of an Empire, 2013), “Pacific rim” (Pacific Rim, 2013), remakes of “Godzilla” (Godzilla, 2014) and “Dracula” (Dracula Untold, 2014), the Comedy “due date” (Due Date, 2010) and a series of films “the Hangover” (The Hangover ), the fantasy “the Seventh son” (2014) Sergei Bodrov Sr., “Jurassic World” (Jurassic World, 2015) , as well as sci-Fi picture “interstellar” (Interstellar, 2014) and action-adventure film “Everest” (Everest, 2015).

Corporation Dalian Wanda, initially specialized in real estate development business, is currently one of the largest operators of cinemas in the world: it controls the largest network of cinemas North America AMC Entertainment Holdings, Australia – Hoyt’s Group and China’s Wanda Cinema Line.