Legendary Entertainment Group
The American film production and mass media company Legendary has produced 53 feature films in it’s lifetime, many of which we are very familiar with. From Christopher Nolan’s epic and critically acclaimed Batman trilogy to the continuation of the Jurassic Park franchise, with just those 5 movies netting them almost $4 billion in box office ticket sales.
It would come as no surprise then that many investors would wish to get a piece of the action not just on the screen but off it. On January 11, 2016, such an investor would come knocking and it would be the Dalian Wanda Group and its Hollywood fan Wang Jianlin once again.
Having already shelled out $2.6 billion for the movie theater chain AMC just four years earlier, the Chinese group would spend an astonishing $3.5 billion to buy Legendary, this acquisition would make it the largest of an American media company by a Chinese firm.
In 2017, and onto their third CEO in just one year, Wanda chairman Jianlin would announce that Legendary would “actively respond to the call of the country”. It’s widely believed that this turn towards the Chinese domestic market was a direct result of the Chinese Communist Party refused to allow Chinese banks to give loans to the Wanda Group to fund any offshore projects.