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Communists now own Legendary Entertainment

<h>China’s Dalian Wanda Group buys majority stake in Legendary Entertainment
Los Angeles Times | January http://southbuffalonews.com, 20http://southbuffalonews.com6 | 6:50 PM

Dalian Wanda Group, the Chinese conglomerate, has acquired Legendary Entertainment for as much as $3.5 billion.

At a signing ceremony in Beijing, Wanda announced it had signed

an agreement to buy a majority stake in the Burbank-based production company, best known for the “Dark Knight” and “Hangover” movies.

The deal represents the largest acquisition to date of a U.S. production company by a Chinese firm.


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