China's Dalian Wanda buys Golden Globes firm

November 04, 2016 12:49

China's richest man has continued his Hollywood shopping spree -- snapping up the company that runs the Golden Globes.

Dalian Wanda, run by property magnate Wang Jianlin, is paying $1bn for Dick Clark Productions that also runs the Miss America beauty pageant and the Billboard Music Awards.

The Chinese conglomerate already controls the AMC cinema chain, the second largest in the US, as well as Legendary Entertainment, co-producer of hit films including Godzilla and The Dark Knight Rises, and has a tie-up with Sony Pictures.

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