China’s Wanda buys Dick Clark Productions

Posted online November 4, 2016 | 11:43 am

China’s Dalian Wanda Group has added another entertainment trophy to its stable of overseas acquisitions.

The company is paying $1 billion for Dick Clark Productions, the TV company that produces the Golden Globes and the “Miss America” pageant.

Wanda also owns AMC Theatres and bought Legendary Entertainment for $3.5 billion in January. In September, it announced a movie partnership with Sony Pictures.

Read more from The Associated Press.

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