China's Invading Hollywood! Now, Relax
Paper tiger.
Photographer: LIONEL BONAVENTURE/AFP/Getty ImagesWang Jianlin, China's richest man, has been on a Hollywood shopping spree. As chief executive of the Wanda Group, he's acquired Legendary Entertainment, producer of "Jurassic Park," and is in talks to pay $1 billion for Dick Clark Productions, producer of the Golden Globes and other live television events. An earlier purchase, AMC Entertainment, recently announced plans to buy Carmike Cinema, which would create the world's biggest theater chain.
When Wang arrives in Hollywood for a highly anticipated visit later this month, he'll have even bigger game in sight: one of the Big Six Hollywood studios that control as much as 85 percent of U.S. and Canadian box office revenue. If successful, he'll be the first Chinese national to own one.
