GiantCALBears Posted January 12, 2016 Share Posted January 12, 2016 WOW major industry news! Unreal considering the current economic climate. “@AP: BREAKING: China's Wanda Group buys Hollywood film company Legendary Entertainment for $3.5 billion https://t.co/y13he16X4r 2 Quote Link to comment Share on other sites More sharing options...
GiantCALBears Posted January 12, 2016 Author Share Posted January 12, 2016 (edited) "... in what it said is China's biggest foreign cultural acquisition to date." This is how big of a deal we are talking here, the brilliant Thomas Tull cashing out. Edited January 12, 2016 by GiantCALBears 1 Quote Link to comment Share on other sites More sharing options...
DMan7 Posted January 12, 2016 Share Posted January 12, 2016 Now why couldn't this have happened when TDK was released? lol Quote Link to comment Share on other sites More sharing options...
GiantCALBears Posted January 12, 2016 Author Share Posted January 12, 2016 Will be very interesting to hear the reactions from both American & Chinese analysts, really fascinating transaction. Quote Link to comment Share on other sites More sharing options...
Jandrew Posted January 12, 2016 Share Posted January 12, 2016 Ugh 1 Quote Link to comment Share on other sites More sharing options...
RogueLeader Posted January 12, 2016 Share Posted January 12, 2016 Sheeeesh! This is NOT good news. Quote Link to comment Share on other sites More sharing options...
GiantCALBears Posted January 12, 2016 Author Share Posted January 12, 2016 Initial read is the Chinese are very eager to get their money out of the country, how will Hollywood react is more curious? Will any politicians have a comment I wonder as well. Quote Link to comment Share on other sites More sharing options...
RogueLeader Posted January 12, 2016 Share Posted January 12, 2016 4 minutes ago, GiantCALBears said: Initial read is the Chinese are very eager to get their money out of the country, how will Hollywood react is more curious? Will any politicians have a comment I wonder as well. Eager to get their money out of the country? How do you mean? Quote Link to comment Share on other sites More sharing options...
GiantCALBears Posted January 12, 2016 Author Share Posted January 12, 2016 Just now, RogueLeader said: Eager to get their money out of the country? How do you mean? Their stock market and currency are both tanking hard to start the year. They've been buying real estate, Bitcoin, whatever they can get their hands on. 2 Quote Link to comment Share on other sites More sharing options...
RogueLeader Posted January 12, 2016 Share Posted January 12, 2016 6 minutes ago, GiantCALBears said: Their stock market and currency are both tanking hard to start the year. They've been buying real estate, Bitcoin, whatever they can get their hands on. Hmmmm interesting ....... Hard to believe. It seemed like their economy was absolutely unstoppable. 1 Quote Link to comment Share on other sites More sharing options...
grey ghost Posted January 12, 2016 Share Posted January 12, 2016 This deal benefits Hollywood. The more investments Chinese businesses have in Hollywood the more justification the Chinese government has to loosen local restrictions on Hollywood releases. 3 Quote Link to comment Share on other sites More sharing options...
vc2002 Posted January 12, 2016 Share Posted January 12, 2016 16 minutes ago, GiantCALBears said: Initial read is the Chinese are very eager to get their money out of the country, how will Hollywood react is more curious? Will any politicians have a comment I wonder as well. Why did you make "investing OS" sound bad? Quote Link to comment Share on other sites More sharing options...
misterchief81 Posted January 12, 2016 Share Posted January 12, 2016 Weird. So now Wanda group owns Legendary, and AMC Theatres. Add in the fact that AMC and Regal jointly founded Open Road and things get even stranger in Hollywood. Quote Link to comment Share on other sites More sharing options...
GiantCALBears Posted January 12, 2016 Author Share Posted January 12, 2016 Some clarification on Tull's role (he's staying as CEO) & comments from him. “@Variety: Thomas Tull Says ‘No Road Map’ For Partnership with China’s Dalian Wanda https://t.co/uCa5qJkv2r Quote Link to comment Share on other sites More sharing options...
Avatree Posted January 12, 2016 Share Posted January 12, 2016 Wow. Quote Link to comment Share on other sites More sharing options...
The Panda Posted January 12, 2016 Share Posted January 12, 2016 Next up, China buys Disney (thus buying the USA in the process) Quote Link to comment Share on other sites More sharing options...
Deep Wang Posted January 12, 2016 Share Posted January 12, 2016 They must not have like how Pacific Rim 2 was side-lined and now they're gonna get this shit going! 2 Quote Link to comment Share on other sites More sharing options...
Dementeleus Posted January 12, 2016 Share Posted January 12, 2016 3 minutes ago, Rallax said: They must not have like how Pacific Rim 2 was side-lined and now they're gonna get this shit going! The resurrection of Crimson Typhoon. 2 Quote Link to comment Share on other sites More sharing options...
grim22 Posted January 12, 2016 Share Posted January 12, 2016 15 minutes ago, Rallax said: They must not have like how Pacific Rim 2 was side-lined and now they're gonna get this shit going! Makes sense since China is the only country which cares anymore for that franchise. Probably a 2020 release, maybe, or maybe Del Toro just forgets about it halfway through directing Fantastic Voyage Quote Link to comment Share on other sites More sharing options...
BadAtGender Posted January 12, 2016 Share Posted January 12, 2016 8 minutes ago, grim22 said: Makes sense since China is the only country which cares anymore for that franchise. Probably a 2020 release, maybe, or maybe Del Toro just forgets about it halfway through directing Fantastic Voyage Watch Fantastic Voyage turn out to be Pacific Rim 2. Quote Link to comment Share on other sites More sharing options...