Wanda will "acquire" Legendary Entertainment to fancy film projects such as "Godzilla"

Recently, according to foreign media reports such as The Hollywood Reporter, China's Dalian Wanda Group will purchase a controlling stake in American Legendary Entertainment Company. According to information from Reuters and other foreign media, Legendary Entertainment's valuation in this transaction is between US$3 billion and US$4 billion.

In recent years, China's film market has not only increased in size, but China's capital is also actively entering the overseas film industry. Recently, according to foreign media reports such as The Hollywood Reporter, China's Dalian Wanda Group will purchase a controlling stake in American Legendary Entertainment Company. According to information from Reuters and other foreign media, Legendary Entertainment's valuation in this transaction is between US$3 billion and US$4 billion.

The source said on Monday that Wanda will own just over 50% of Legendary Entertainment, with the rest held by the latter's founder and chief executive Thomas Tull and other management. It is reported that Wanda's overseas venture has basically been "settled": shareholders of Legendary Entertainment, including Japan's Softbank Group and Del Investment Company, have agreed to sell their equity, the agreement has been signed, and Wanda may issue a statement as soon as next week.

"Godzilla" poster According to an insider, Wanda Group has always been interested in acquiring an overseas film company. The acquisition of Legendary Entertainment this time is mainly due to its interest in several high-concept film projects, including "Godzilla" and "Pacific Rim", etc., these films have achieved good box office success in the mainland. It has been previously reported that Legend intends to create a "monster movie universe" through films such as "King Kong: Skull Island","Godzilla 2", and "Godzilla vs. King Kong". For Wanda, this is obviously also very attractive. project.

In recent years, Legend Entertainment has cooperated closely with China in film, participating in the production of films including "The Great Wall", with more than half of the cast from China, and "King Kong: Skull Island" starring Jing Tian. Obviously, it attaches great importance to the China market.

Earlier, it was reported that the "Pacific Rim 2" project, which is very popular in the mainland, has been put on hold indefinitely. I wonder whether this acquisition will allow the film to restart.

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Editor: vian