The chairman of Wanda, Wang Jianlin, has been actively trying to find a way into the movie business. One of China’s richest people, he bought US satellite and cable TV channel AMC in 2012 and is developing an $8 billion studio complex in eastern China.
“Wanda will help Legendary increase its market opportunities, especially in the fast-growing China market,” said Wang.
The Chinese group said Legendary’s Thomas Tull would continue to work as a chairman and chief executive and will still supervise day-to-day work.
“Wanda and Legendary will create a completely new international entertainment company,” said Tull in a statement .... https://www.rt.com
