Chinese conglomerate Dalian Wanda Group, one of the world's largest entertainment companies, has acquired a majority stake in Hollywood studio Legendary Entertainment, which had previously filed for bankruptcy. This is reported by the publication Deadline.
The agreement on the details of the contract is still ongoing, but the negotiators have already confirmed the very fact of the sale of the studio. The Chinese company's interest in Legendary's assets is understandable, since the studio controls franchises such as Godzilla and Pacific Rim, which are very popular in the Asian region.
As a reminder, Wanda Group is no stranger to the American entertainment industry. In 2012, it acquired AMC Entertainment Holdings, the largest movie theater chain in North America, for $ 2.6 billion.
Legendary is planning a fantastic movie "The Great Wall", which is scheduled to premiere in November 2016. The movie, starring Matt Damon, Pedro Pascal, Willem Dafoe, Andy Lau, Tian Jing, Numan Akar, Hanyu Zhang, Eddie Peng, Han Lu and other actors, will feature an exotic version of the construction of the Great Wall of China. The studio also plans to develop the Godzilla franchise and "cross" the history of the popular Japanese monster with the stories of King Kong.
The Topic of Article: Chinese company bought majority stake in Legendary studio.