Wanda Faces Hurdles in Closing Dick Clark Prods. Deal (EXCLUSIVE)

As an update from an earlier post, we see Donald Trump stepping in to save what little American industry remains.

For additional information on the Chinese invasion and infiltration of Hollywood, see the following previous posts:

Paramount Gets China Infusion: $1 Billion, 3-Year Slate Co-Financing Deal With Shanghai Film Group & Huahua Media

Chinese conglomerate to buy stake in Hollywood studio: reports

China Invading Hollywood

 

Sources close to the situation still expect Wanda to close the acquisition sometime in February, and say that the only speed bump has been that some details are still being worked out. With the Chinese New Year holiday beginning on Saturday, work is expected to be halted for at least the next week.

One person said that work on the deal also came to a standstill a few weeks ago, amid concerns that the nationalistic focus of the new Trump administration might mean greater scrutiny to big investments in the U.S. by Wanda, Alibaba and the new breed of Sino mega conglomerates. The Dick Clark Prods. transaction was only the most recent mega-acquisition for Wanda, which also bought Legendary Entertainment for $3.5 billion last year and AMC Theaters for $2.6 billion in 2012. Wanda’s buying spree has caught the attention of members of both parties in Congress, who worry that they could mark a strategic extension of Chinese “soft power.” Continue reading

Beijing’s covert radio network airs China-friendly news across Washington, and the world

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Part 3: The Chinese government controls much of the content broadcast on a station that is blanketing the U.S. capital with pro-Beijing programming. WCRW is part of an expanding global web of 33 stations in which China’s involvement is obscured.

BEIJING/WASHINGTON – In August, foreign ministers from 10 nations blasted China for building artificial islands in the disputed South China Sea. As media around the world covered the diplomatic clash, a radio station that serves the most powerful city in America had a distinctive take on the news.

Located outside Washington, D.C., WCRW radio made no mention of China’s provocative island project. Instead, an analyst explained that tensions in the region were due to unnamed “external forces” trying “to insert themselves into this part of the world using false claims.”

Behind WCRW’s coverage is a fact that’s never broadcast: The Chinese government controls much of what airs on the station, which can be heard on Capitol Hill and at the White House. Continue reading

‘France, Germany, Italy to join China-led development bank’: report

We’re watching America being abandoned by a German-led Europe in real time.

 

European officials tell the Financial Times their countries will join the institution, ignoring reservations expressed by the United States about how the new lender will be run

France, Germany and Italy have agreed to follow Britain’s lead and join the Asian Infrastructure Investment Bank, a major setback for Washington, the Financial Times reported.

The state-run Xinhua news agency in China said South Korea, Switzerland and Luxembourg were also considering joining. Continue reading