Dalian Paramount Pictures Group, a Chinese firm, is currently in talks to acquire a 49% stake in Wanda. Should this be successful alongside its pending approval to acquire Carmike Cinemas, Paramount Pictures will become the world’s biggest movie-theatre chain. With China set to be the world’s largest box office by the end of the year, Chinese investments are already changing the industry, with sequels being approved following success in the Chinese market rather than its US counterpart, and Chinese stars, such as actress Angelababy, given leading roles in US blockbusters.
Dalian Wanda Group, a Chinese firm, is currently in talks to acquire a 49% stake in Paramount Pictures. Should this be successful alongside its pending approval to acquire Carmike Cinemas, Wanda will become the world’s biggest movie-theatre chain. With China set to be the world’s largest box office by the end of the year, Chinese investments are already changing the industry, with sequels being approved following success in the Chinese market rather than its US counterpart, and Chinese stars, such as actress Angelababy, given leading roles in US blockbusters.