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Tuesday, January 12, 2016

China’s Richest Man Buys ‘Godzilla’ Film Company Legendary Entertainment

Above, the Godzilla (2014) Japanese poster.

It looks like the richest Chinese billionaire is now owner of Godzilla. At least, the American side of the King of the Monsters.

Financial Post reported:
Billionaire Wang Jianlin is poised to become the first Chinese person to control a Hollywood film company after Asia’s richest man agreed to buy the co-producer of “Jurassic World” for as much as US$3.5 billion in cash. 
Wang-controlled Dalian Wanda Group Co.’s purchase of Burbank, California-based Legendary Entertainment marks China’s largest overseas “cultural acquisition,” according to a joint statement. It also paves the way for the creation of the world’s biggest film company by revenue, Wang said in the statement.

Besides producing the 2014 Godzilla, Legendary Pictures also produced the Batman Dark Knight trilogy and Pacific Rim.

To read more, go here.

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