Posted on 11/04/2016 1:47:38 PM PDT by BenLurkin
One of Hollywoods most prestigious awards shows will soon have a Chinese owner.
Under a deal announced Friday, Dalian Wanda Group will buy Santa Monica-based Dick Clark Productions for about $1 billion, giving it broadcasting rights to the Golden Globe Awards, the Academy of Country Music Awards and the New Years Eve countdown in New York.
The acquisition is the latest effort by Dalian Wanda to expand its entertainment footprint after the firm bought the AMC Entertainment theater chain for $2.6 billion in 2012 and took over Legendary Entertainment this year in a deal valued at $3.5 billion dollars.
(Excerpt) Read more at losangeles.cbslocal.com ...
That Chinese- American played one of Charlie Chan’s sons in the old CC flicks !
Commies buying Commies ?
Nothing to do with country music, this is China returning pallets of worthless US $$ to the US. When the dollar fails(soon), they’ll own something.
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