Chinese company will fund Spider-Man (Topic)

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Chinese company will fund Spider-Man


Sony Pictures and China's Dalian Wanda Group have entered into a partnership agreement to co-finance a number of promising movie projects. According to the publication Deadline, the details of the deal were not disclosed, but most likely, Wanda will invest in four movies, one of which will be "Spider-Man: Homecoming".

Thus, the Chinese conglomerate will increase its influence in Hollywood, and the Sony studio, in turn, will be able to take advantage of the benefits that are guaranteed in China for joint projects.

Recall that Dalian Wanda Group is systematically buying up assets related to the entertainment industry not only in North America, but also in Europe. For example, it already owns the second largest American cinema chain AMC Theaters, as well as the London-based company Odeon & UCI Cinemas Group. In early 2016, Wanda acquired the Hollywood studio Legendary Entertainment, and in the summer of the same year it became known that the Chinese concern was ready to buy a 50 percent stake in the Paramount Pictures movie studio.

At the time of this writing, Wanda controlled 15 percent of the world's box office and, according to its management, intends to take control of a fifth of it by 2020.

The Topic of Article: Chinese company will fund Spider-Man.
Author: Jake Pinkman