Via the Hollywood Reporter comes news that the major Chinese real estate group, Dalian Wanda, has purchased the US based Legendary Entertainment in a multi-billion dollar deal. It seems history is repeating in the Far East..
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The agreement marks the first time that a movie studio capable of producing big-budget global blockbusters — Legendary has been involved in such hits as Godzilla, Inception, Jurassic Worldand Pacific Rim — is coming under Chinese ownership. It is also the largest cross-border entertainment acquisition by a Chinese company to date.