torsdag 6. juli 2017

Film as soft power and hard currency: The Sino-Hollywood courtship

As the world takes notice the power of China’s audiovisual market, recent years have witnessed the acquisition of US entertainment assets by Chinese companies, most notably Dalian Wanda, the Chinese media conglomerate led by the real estate tycoon Wang Jianlin. Wanda Group acquired in rapid succession big-league US film assets such as AMC Theatres, Legendary Entertainment, Carmike Cinema etc., although its proposed $1 billion takeover of the Dick Clark Production Company, the venerable producer of Golden Globe award, fell through in early March, amid high U.S.-China tensions and equally tight scrutiny by Beijing on outbound deals.