While Wang Sicong was out buying iPhones for his doggy, his daddy was in talks to buy yet another piece of Hollywood.
Dick Clark Productions, the company behind the Golden Globes, looks to be the latest addition to the Dalian Wanda empire. Yesterday, Eldridge Industries, which currently controls Dick Clark Productions, said in a statement that discussions were ongoing with the Chinese real estate and entertainment giant. While Eldridge emphasized that talks were still at an early stage, The Wall Street Journal reports that the price for the company could be at around 1 billion dollars, citing unnamed sources.
Along with the Golden Globe Awards, Dick Clark Productions’ credits also include the Billboard Music Awards, the American Music Awards and the Miss America beauty pageant.
The acquisition would move Wanda CEO Wang Jianlin, China’s richest man, one step closer to his ultimate goal of buying all the things, particularly those things related to film and entertainment. Earlier this year, Wanda paid out $3.5 billion to acquire Legendary Entertainment, the Hollywood studio behind Jurassic World and Warcraft. More recently, Wanda announced that it will invest in films produced by Sony Pictures. Back in China, it already the world’s largest film production studio.
Of course, Wang isn’t just trying to control how films are made, he also wants to control how you see them. Apart from Wanda Cinemas in China, Wang also owns the US cinema chain AMC Entertainment along with the Europe’s Odeon & UCI Cinemas, making his company the world’s biggest movie theater operator.
Along with buying things, Wang also enjoys singing, giving absurd financial advice and declaring death to Disney.