Posted on 01/14/2017 8:16:49 PM PST by E. Pluribus Unum
Beijing begins monitoring "irrational" investments in entertainment companies (even while Alibaba pledges $7.2 billion) as one deal falls apart and all eyes focus on Trump. Chinese companies poured record amounts of capital into Hollywood in 2016 — a trend eagerly embraced by the U.S. film industry. Among the deals: Dalian Wanda Group acquired Legendary Entertainment for $3.5 billion and Dick Clark Productions for $1 billion; Alibaba made a major investment in Steven Spielberg's Amblin Entertainment; and Beijing-based Perfect World Pictures put $500 million into 50 films from Universal.
But tighter regulatory scrutiny and rising protectionism in the U.S. and China now have the industry questioning whether the deal flow could dry up in 2017. Already, there have been casualties.
Indie film player Voltage Entertainment, producer of The Hurt Locker and Dallas Buyers Club, surprised many in November when plans came to light for a provincial Chinese manufacturing firm to acquire the Los Angeles-based studio for $350 million. But within weeks, the firm, Anhui Xinke New Materials, revealed it was aborting the deal after failing to meet additional documentation requests from local regulators.
(Excerpt) Read more at hollywoodreporter.com ...
If the Chinese are really so foolish as to throw millions at the trash coming out of Hollyweird, then so be it
All i know is its gonna be messy when china pulls out. /phrasing
That explains why the celebutards are so anti-American. They’re PAID to be.
What if the Chinese money stream stops?
Maybe the movies will get better (perhaps by being made elsewhere than California.) Just hoping.
I don’t care
Hey...let’s have a little dicorum here. /deliberate misspell
Hollywierd has hated America for decades.
What if the China money stream stops flowing into California residential real estate? To heck with Hollywood, that’s small potatoes.
Perhaps with tighter funds they will have to make movies with a more wider audience appeal rather than agenda driven crap.
I didn’t think so.
China’s ‘money stream’ goes to the networks who advertise Chinese imports.
There wouldn’t be much TV without China, and our TV news networks know it. They LOVE China imports!
Buying into Hollywood and the US recording industry have traditionally been smart deals for overseas companies. But Hollywood’s product is degenerating just as the price tags on these studios and such are skyrocketing.
Why not just nationalize all of the Chinese holdings in the US (a commie tactic that would normally send tingles up the inner thighs of most Hollywoodites) and let Trump run them?
H’wood could fall into the sea and we’d all be the better for it.
Too bad, so sad. They’d have to start vacationing in Thailand to find little boys to molest.
Won’t see any more films like 2012, The Martian where China saves the hero for the day.
Hollywood: Where your coin, however gotten, can be used to produce any message you want.
Wait until the Chinese run into Hollywood accounting practices. They will take it in the shorts like the Japanese did.
Money from China?? They should be more worried about Money from Americans.
Every time you go to a Movie, Concert, Entertainment event, YOU are DIRECTLY SPONSORING the Very People and Groups that wish to DESTROY THE AMERICAN WAY OF LIFE.
HOLLYWOOD HATES AMERICA
Where else will China launder their money?
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