China’s tightening capital controls and the increasingly protectionist tone of Donald Trump’s administration may have combined to deal a blow to the shopping spree among Chinese companies for Hollywood assets.
Even Asia’s wealthiest man, Dalian Wanda’s Wang Jianlin, has not been spared, as his US$1 billion planned takeover of Dick Clark Productions (DCP) was abandoned last week, reported by many in the industry because of a simple inability to come up with the money to fund the transaction.
Anhui Xinke New Materials’ also failed to take over Voltage Pictures, the Hollywood studio behind blockbuster Dallas Buyers Club, for $350
source http://www.omnipopmag.com/2017/03/17/is-broken-dick-clark-deal-the-beginning-of-the-end-of-chinas-hollywood-buying-binge/
No comments:
Post a Comment