BEIJING - Chinese property-to-entertainment conglomerate Wanda Group is buying US television rights owner Dick Clark Productions for "approximately $1 billion", it said Friday.
The Chinese multinational conglomerate corporation the Wanda Group is buying US television rights owner Dick Clark Productions for "approximately $1 billion"
Wanda has invested heavily in film, buying Hollywood studio Legendary Entertainment earlier this year, and the latest deal marks its entry into television production, it said in a statement, calling it "a big step forward in expanding Wanda’s map in the entertainment industry".