The days of cable television are numbered after the launch of YouTube TV in the U.S. The will cost $35 a month for a family plan with at least 40 channels.
China’s Recon Group plans to buy a majority stake in genre-distributor Millennium Films for $100 million.
Wanda Group is in the position to transform theatrical exhibition markets in English-speaking territories.
Update: Dick Clark Productions sues Dalian Wanda for $25 million after the Chinese conglomerate failed to complete it’s $1.07 billion buyout.
Xinke, a Chinese copper processing company revoked their offer to acquire 80% of Voltage Pictures for $350 million.
In an unsurprising decision that many industry followers have expected, Paramount Pictures’ CEO Brad Grey is leaving the studio after 12 years.
China’s top film regulator, announced through state-run news sources that a quota expansion is likely in the coming months.
Wang Jianlin, chairman of Wanda Group, warned the U.S. last week against implementing protectionist measures for media assets.
After $1 billion writedown Sony Corp. announced that it does not plan to sell Sony Pictures. The company is under pressure to sell after mounting losses.
After a string of massive hits, Lionsgate traveled full circle in 2016 when its top-grossing domestic film was Boo! A Medea Halloween.