Wang Jianlin, chairman of China's Dalian Wanda Group, has revealed details about his highly anticipated visit to Hollywood.
In an event that is expected to bring out a who's who of Hollywood A-listers ranging from studio heads, celebs and local politicians, China's richest man is expected to discuss his massive Qingdao Movie Metropolis, currently under construction in eastern China, at LACMA's Bing Theater on Oct. 17.
Billed as a U.S.-Sino Business Evening focusing on "navigating business in China," the event will reportedly include talks by Los Angeles Mayor Eric Garcetti and AMPAS president Cheryl Boone Isaacs.
The event, which will be followed by a cocktail reception and VIP dinner, comes at a particularly heady time for Wang, whose Wanda Group continues to make aggressive moves into Hollywood. In just the last week, Wanda, China's largest theater operator, announced a strategic marketing and co-financing deal with Sony that will see the Beijing-based company promote the studio's titles in the Middle Kingdom. That deal was followed by news that the company is holding preliminary talks to purchase Dick Clark Productions, the company behind the Golden Globe Awards, American Music Awards and Billboard Music Awards. The price tag for that deal is reportedly in the $1 billion range.
The deals continue a flurry of activity this year that confirm Wang's ambition to invest in Hollywood entities in an attempt to "bring their technology and capability to China," as he told Reuters in August. Earlier this year, Wanda paid a reported $3.5 billion to acquire Legendary Entertainment, Thomas Tull's studio behind Pacific Rim, Warcraft and the upcoming The Great Wall starring Matt Damon.
Wanda, which began as a real estate development company in China, already owns the AMC Entertainment theater chain in the U.S. and other chains around the world.