Chinese mogul buys Golden Globes firm

Chinese mogul buys Golden Globes firm

When owning a huge cinema chain is not enough, why not buy the firm behind one of the film and television industry's most high-profile awards as well?

 

China's richest man has continued his Hollywood shopping spree - snapping up the company that runs the Golden Globes.

 

Dalian Wanda, run by property magnate Wang Jianlin, is paying $1bn for Dick Clark Productions that also runs the Miss America beauty pageant and the Billboard Music Awards, BBC reports.

 

The Chinese conglomerate already controls the AMC cinema chain, the second largest in the US, as well as Legendary Entertainment , co-producer of hit films including Godzilla and The Dark Knight Rises, and has a tie-up with Sony Pictures.