China’s Recon Group fails to close its acquisition of Avi Lerner’s Millennium Films. All Hollywood-China deals are in peril, as many have failed to close this year.
Wanda Group dismissed “vicious rumours” that its chairman Wang Jianlin and China’s richest person, was detained by authorities and forbidden to leave China.
Sony Pictures’ co-financing partner, LStar Capital, informed the studio at the last minute that they would no longer invest in Sony’s slate.
A mysterious document that appeared on social media in China places all of Wanda’s Hollywood acquisitions in jeopardy.
If reports from China are to be believed (clearly they cannot), a company with $19 million in revenue was going to finance $1 billion of Paramount’s slate.
Wang Jianlin, chairman of Wanda Group, warned the U.S. last week against implementing protectionist measures for media assets.
Wanda’s CEO Jianlin is in Hollywood to purchase more media properties. The acquisition of Legendary for $3.5 billion was the biggest Hollywood-China tie-up.
In August 2015, angry investors who lost money on Shan Jiuliang’s Fanya Metals Exchange, attacked, detained, and escorted him to the closest police station.
RTL and TF1 will equally co-fund with NBCUniversal’s global television production division. The partners will equally share revenues generated from content.