Wanda entered the TV content industry for the first time in its US$1 billion acquisition of DCP Group

After laying out the film industry, Wanda has set its sights on the TV production industry. On November 4, Wanda Group announced the acquisition of Dick Clark Productions, Inc. of the United States for approximately US$1 billion. (referred to as DCP Group) 100% equity marks Wanda's entry into the TV production industry and the territory of Wanda's entertainment industry has become more complete.

Original title: US$1 billion acquisition of U.S. DCP Group Wanda announced its entry into the TV production industry

. Following the layout of the film industry, Wanda has taken aim at the TV production industry. On November 4, Wanda Group announced the acquisition of Dick Clark Productions, Inc. of the United States for approximately US$1 billion. (referred to as DCP Group) 100% equity marks Wanda's entry into the TV production industry and the territory of Wanda's entertainment industry has become more complete.

According to the reporter, DCP Group was established in 1957. It is a famous TV program production company in the United States. It has more than 20 famous IPs, including Golden Globe Awards, National Music Awards, Billboard Music Awards, American Country Music Awards, etc. Super IPs and rights such as awards ceremonies and New York New Year's Countdown Gala. Most of the ownership and rights of these IPs of DCP Group are held permanently. The vast majority of DCP Group's income comes from the TV broadcast rights of these parties. The broadcast rights agreements with major TV stations are long-term. The Group has abundant cash flow, high operating security, and stable profits. Growth. With the significant increase in charges for TV broadcast rights for cultural and sports programs in the United States in recent years, DCP Group's operating performance and corporate value also have room for further improvement.

The acquisition of DCP Group in the United States is the first time that Wanda has entered the TV content industry. From the beginning, it has occupied the highest-end program resources in the world's TV industry and obtained top TV program production rights, making Wanda's film and television industry chain more complete. For the film, tourism, sports and other industries that Wanda is currently focusing on developing can complement each other and develop in a coordinated manner.

It is reported that after the acquisition is completed, all management of DCP Group in the United States will remain in office. Wanda and management have signed a long-term business target responsibility system, and DCP Group's revenue and profits will increase significantly year by year.

Editor: Nancy