THR Asks If China Will Buy A Hollywood Studio
on January 25, 2013
Are we going to see China take over a Hollywood studio in the near future?
Perhaps. Anything seems possible after the Dalian Wanda Group's September 2012 acquisition of AMC Theaters. That $10 billion business deal proved two things: 1) China has no shortage of money when it comes to foreign investments and 2) They are really interested in the movie space.
"The rapid growth of the film industry has attracted a lot of capital from beyond the industry itself," EntGroup analyst Kady Yang tells THR. "The non-film-and-television-producing corporations might be a force to be reckoned with where these overseas acquisitions are concerned."
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