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Reuters

U.S. Film Production Company Behind Blockbusters ‘The Dark Knight,’ ‘Jurassic World’ and the ‘Hangover’ Franchise Is Bought by Chinese Firm

Jan 5, 2016  •  Post A Comment

A Chinese investment firm is taking control of the U.S. movie studio behind a string of blockbusters. Reuters reports that Dalian Wanda Group agreed to acquire a majority stake in Legendary Entertainment, which has produced hits including “The Dark Knight,” “Jurassic World,” “Man of Steel,” the 2014 “Godzilla” remake and “The Hangover” feature franchise.

The report cites a source who’s familiar with the situation saying the deal values the studio, which was founded in 2000, at between $3 billion and $4 billion.

“The move represents Wanda’s latest bid to expand overseas and become a major player in the U.S. entertainment industry following its acquisition of AMC Entertainment Holdings, the second-largest movie theater chain in North America, for $2.6 billion in 2012,” the report notes.

legendary

One Comment

  1. I can’t wait for the next Batman movie, with the label Made In China.

    Let’s just sell everything to China!

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