{"id":1765,"date":"2016-01-12T23:54:29","date_gmt":"2016-01-12T22:54:29","guid":{"rendered":"http:\/\/eastwind.es\/marketing\/en\/?p=1765"},"modified":"2016-01-14T20:58:58","modified_gmt":"2016-01-14T19:58:58","slug":"wanda-grows-its-mediaentertainment-business-through-legendary-purchase","status":"publish","type":"post","link":"https:\/\/eastwind.es\/marketing\/en\/wanda-grows-its-mediaentertainment-business-through-legendary-purchase\/","title":{"rendered":"Wanda grows its media&entertainment business through Legendary purchase"},"content":{"rendered":"

Dalian Wanda Group Co., Ltd. (\u201cWanda Group\u201d) today unveiled the execution of a definitive Merger Agreement with US Legendary Entertainment (\u201cLegendary\u201d).
\nThe announcement was made at a signing ceremony in Beijing.<\/p>\n

Wanda has acquired the US entertainment group for a total consideration not exceeding the $3.5Bn (around RMB 23 billion) in cash. This purchase marks
\nChina\u2019s largest cross-border cultural acquisition to date.<\/p>\n

\"Wanda<\/a>
Wanda Group Chairman Wang Jianlin gives a speech. \u00a9 Dalian Wanda Group.<\/figcaption><\/figure>\n

Thomas Tull will remain as Chairman and CEO of Legendary and will continue to be responsible for its day-to-day operations and will significantly participate in the success of the company with Wanda.<\/p>\n

Legendary is a leading film production company that owns film, television, digital and comics divisions.
\nThis US company’s film productions have reached over 12Bn in box office.<\/p>\n

Wang Jianlin, Chairman of Wanda Group, commented on the deal. \u201cThe acquisition of Legendary will make Wanda Film Holdings Company the highest revenue-generating film company in the world, increasing Wanda\u2019s presence in China and the US, the world\u2019s two largest markets. Wanda\u2019s businesses will encompass the full scope of film production, exhibition and distribution, enhancing Wanda\u2019s core competitiveness and amplifying our voice in the global film market.\u201d<\/p>\n

\"Thomas<\/a>
Thomas Tull, Chairman and CEO of\u00a0 Legendary, gives a speech. \u00a9 Dalian Wanda Group.<\/figcaption><\/figure>\n

After the acquisition, Wanda will help Legendary increase its market opportunities, especially in the fast-growing China market, enabling Legendary to expedite the growth of the Company.<\/p>\n

The largest film ever shot in China for global distribution<\/strong><\/span><\/p>\n

Legendary has delivered many of the world’s blockbusters, including the Batman trilogy, Inception, The Hangover, Jurassic World, 300: Rise of an Empire, Pacific Rim, Man of Steel, and more.<\/p>\n

Upcoming releases include Warcraft, based on Blizzard Entertainment\u2019s award-winning universe, and The Great Wall, which is set to be the largest film shot entirely in China for global distribution.<\/p>\n

Tull said in a statement, \u201cI am honored to be a part of the Wanda family. Together, Wanda and Legendary will create a completely new international entertainment company. There is an ever growing demand for quality entertainment content worldwide, particularly in China, and we will combine our respective strengths to bring an even better entertainment experience to the world\u2019s audiences.\u201d<\/p>\n

Image over the headline.-<\/strong> Wanda Group Chairman Wang Jianlin gives a speech. (left); Signing ceremony (center) and Thomas Tull, Chairman and CEO of\u00a0 Legendary, gives a speech. All the photos \u00a9 Dalian Wanda Group.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Dalian Wanda Group Co., Ltd. (\u201cWanda Group\u201d) today unveiled the execution of a definitive Merger Agreement with US Legendary Entertainment (\u201cLegendary\u201d). The announcement was made at a signing ceremony in Beijing. Wanda has acquired the US entertainment group for a total consideration not exceeding the $3.5Bn (around RMB 23 billion) in cash. This purchase marks …<\/p>\n

Wanda grows its media&entertainment business through Legendary purchase<\/span> Leer m\u00e1s »<\/a><\/p>\n","protected":false},"author":8,"featured_media":1771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[3],"tags":[1918,1921,1254,1912,716,1913,1906,410,1915,1917,1911,1920,1914,1919,1916,1910,404,1909,1908,1907],"yst_prominent_words":[],"_links":{"self":[{"href":"https:\/\/eastwind.es\/marketing\/wp-json\/wp\/v2\/posts\/1765"}],"collection":[{"href":"https:\/\/eastwind.es\/marketing\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastwind.es\/marketing\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastwind.es\/marketing\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/eastwind.es\/marketing\/wp-json\/wp\/v2\/comments?post=1765"}],"version-history":[{"count":0,"href":"https:\/\/eastwind.es\/marketing\/wp-json\/wp\/v2\/posts\/1765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eastwind.es\/marketing\/wp-json\/wp\/v2\/media\/1771"}],"wp:attachment":[{"href":"https:\/\/eastwind.es\/marketing\/wp-json\/wp\/v2\/media?parent=1765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastwind.es\/marketing\/wp-json\/wp\/v2\/categories?post=1765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastwind.es\/marketing\/wp-json\/wp\/v2\/tags?post=1765"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/eastwind.es\/marketing\/wp-json\/wp\/v2\/yst_prominent_words?post=1765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}