"It's got wonderful growth potential and it sees its investment in Hollywood not just as a place to put money, to make money in America, but as an investment in the Chinese entertainment industry for decades and decades to come".
Billionaire Wang Jianlin's Dalian Wanda Group agreed to pay US$1 billion (S$1.38 billion) for Golden Globe Awards producer Dick Clark Productions, adding a USA television industry asset to the Chinese tycoon's expanding sports and entertainment empire.
The investigative arm of the U.S. Congress has agreed to examine whether a panel that oversees foreign investment in the United States has the legal powers it needs to keep up with efforts by state-owned firms in Russian Federation and China to buy strategic U.S. companies.
Wanda's expanding entertainment and tourism sector spans movie cinemas, theme parks and film production.
Wanda, which owns massive holdings in shopping malls and cinemas, has been the most aggressive player leading China's charge into the USA entertainment industry.
"It highlighted Wanda's commitment to such a strategy as the property sector is facing a lot of risks and has reached a development ceiling".
Dick Clark Productions is the Chinese conglomerate's first foray into television, according to the Wanda Group, which noted the firm's ownership of the Golden Globes, the American Music Awards and the eponymous New Year's countdown event.
In announcing the deal to buy Dick Clark Productions, Dalian Wanda said that the production company's "management will remain in its entirety", and said it expected "DCP's revenue and profit will show strong increases year by year".
Wang Jianlin, one of China's richest men, heads up Wanda.
Wanda said the deal is the company's first move in TV. In 2015, Dick Clark's majority ownership was acquired by Boehly's Eldridge Industries. According to a regulatory filing, he paid $3.5 billion despite the fact that it lost $550 million last year-more than it generated in revenue.
Dick Clark Productions was founded by TV presenter Dick Clark, who had hosted the "American Bandstand" pop music TV show from 1957 to 1987.
Wanda is among the Chinese companies that have been spreading money around the industry in the US. The Chinese billionaire is spending an estimated $1 billion on a deal that complements his recent purchases, including deals for the movie theater chain of AMC Entertainment Holdings, Inc.
James Herbert from CBS Sports says Adams is one of the best young big men in the league, and is primed for a breakout season . He does serious work in the post on both ends of the court, averaging 8.0 points, 6.7 rebounds and 1.1 blocks a year ago .
There was a lot of anticipation around the two phones, and now that they are here, the excitement is indeed widespread. It was reported last week that Google Pixel, Pixel XL shipments in the USA were delayed as demand exceeded supply.
Jeb Bush was badly beaten by Donald Trump in the Republican primaries. "I'm speculating, to be honest". Neither of the former Bush presidents has come out in support of Trump during the election campaign.
If you're getting the digital version of Infinite Warfare , expect the download size to jump from 45GB to about 51GB. Starting on Saturday you can play Call of Duty: Infinite Warfare in 4K on the PS4 Pro at select Best Buy locations .
The pair recently sold a home they purchased in New Orleans' French Quarter for US$4.9 million (NZ&6.7 million). To make matter worse for Brad, the family and more specifically, the altercation is being investigated by DCFS.
On Sunday, Clinton campaigns in New Hampshire early in the day, and President Obama will do so on her behalf later. To win the White House, Trump needs to win some states that were leaning toward Hillary Clinton just last week.
It's not clear how many emails might be considered relevant to the probe or what significance, if any, they might have. Weiner is under investigation for allegedly sending lewd messages to an underaged girl.
Swansea host Berbatov's former side Manchester United this weekend, as they continue the hunt for their first win under Bradley. Former Bulgaria striker Dimitar Berbatov says he wants to play in the Premier League again.
Ross and the other players put their arms around each other and sang "Go Cubs Go" from the stage along with the blissed-out crowd. The parade will wind its way downtown an hour later and end in Grant Park for a rally expected to start around noon.
This is driven primarily by profit taking measures by investors who expect Facebook's growth streak to come to a halt by 2017. Mobile ad revenues grew both because of an increase in frequency of ads shown in News Feed and the price per ad.
And that's how Dusty Rose was born (well, figuratively speaking). "I did not know that was a color, by the way", the new dad says. "I don't know anything, but it's kind of part of the beauty of it, honestly".
Devastating scenes as flaming 'Jungle' is cleared
The prefecture said 539 unaccompanied minors were being housed in heated containers at the camp pending evaluation. Stoltenberg told reporters Thursday that ships and aircraft will be deployed to help for two weeks.
Trump gains ground on Clinton as White House race tightens
Clinton has blasted Comey for taking a "vague approach" in announcing emails found on Weiner's laptop were related to her. She does not, for example, enjoy the same support among African-Americans as Obama, the first black US president.
Chelsea yet to speak with Mikel over new deal - Conte
They last won five in a row in a single season in December 2013-January 2014. "Lukaku for sure is a very good player". They expect to get the kind of results in the capital indicative of a team with top-four aspirations.
Broncos send Aqib Talib for second opinion on back
Tennessee has quietly been one of the more surprising teams in the National Football League this year, battling to a.500 record. Most people expected the Broncos to be good this season, but hardly anyone expected the kind of start the Raiders have had.
US Supreme Court temporarily stays execution of Ala. man
Vernon Madison, convicted in the 1985 murder of Mobile police officer Julius Schulte, was scheduled to be executed in May. Arthur was in the Decatur facility because he was convicted in the 1977 shooting death of a woman in Marion County.
Veteran Aduriz and Mata back in Spain squad
Sergio Escudero has earned his maiden global call-up for La Roja , on the back of an impressive start to the season for Sevilla. Andres Iniesta and Jordi Alba also miss out on the 25-man squad through injury, as does Santi Cazorla.
'Rambo' Reboot on the Way
The " Rambo " franchise started in 1982 with " First Blood " based on David Morrell's novel of the same name. A new " Rambo " reboot is now being planned, but it will not have Sylvester Stallone as the lead role.
Government seeks new path for controversial oil pipeline
The message is being sent clearly for those who oppose the pipeline, with the hashtag #NoDPL rising to prominence on social media. No matter what, (Dakota Access Pipeline Guard) is going to literally endanger the lives of the Oceti Sakowin people", Roach said.
Obama says Army Corps examining Dakota oil pipeline route
Law enforcement ordered protesters get off of the bridge said if they crossed the bridge, they would be arrested for trespassing. Numerous demonstrators have been calling on Obama for more concrete support since the protests began. "We were unarmed.