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Friday, November 4, 2016

China's Buying of Hollywood

Good read about the Chinese Billionaire who has been buying up parts of the US Movie Supply chain, from a studio to the movie theater, over $7 Billion dollars so far in acquisitions. Usually when a wealthy foreigner comes in to Hollywood, such as Sony and Columbia Studios or German film investors, they usually lose a lot of money. Hollywood is expert on separating investors from their money.

Wanda Chairman Reveals Ambitious Plan to Invest Billions in "All Six" Hollywood Studios - Hollywood Reporter

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