NANCHANG, China (AP) — China's largest private property developer, the Wanda Group, opened an entertainment complex on Saturday that it's positioning as competition for Disney and its $5.5 billion Shanghai theme park opening next month. Wanda executives unveiled their $3 billion "Wanda City" in the southeastern provincial capital of Nanchang to thundering music reminiscent of the "Pirates of the Caribbean" theme and hailed the center as a representative of Chinese entertainment culture in the face of foreign influences. The group purchased U.S.-based AMC Theaters cinema chain in 2012 for $2.5 billion and paid $3.5 billion for Legendary Entertainment — the Hollywood studio behind the Batman franchise — earlier this year as it ramped up its international push.
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By PAUL TRAYNOR, Associated Press, Seattle Post-Intelligencer: Movies
Fri, 05/27/2016 - 9:43pm
BING NEWS:
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