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

Wanda may open three theme parks in US, says Wang Jianlin

Chinese real estate tycoon Wang Jianlin said Saturday that his Dalian Wanda Group will compete with Disneyland and may open theme parks in the United States in the future.

Wang, founder and president of the group, one of China’s top property developers, revealed his ambition at the opening ceremony of a movie park in Wuhan, capital of Hubei province in central China. Continue reading

Is the U.S. Being Colonized By Red China?

Pundits and politicians alike, when excusing their strategic dealings with China, are quick to remind their audiences that today’s China is a “centuries old civilization” rich in tradition and ancient religious discipline. A Confucian civilization that is still upset over wrongdoings during the European colonization period.

Such a view is wrong. The China we are confronted with today is nothing like that pre-nineteenth century nation. Since the reign of Mao Tse-tung began in 1949, Communist China, much to the dismay, torture, and death of its own citizens, has been governed by tyrannical thugs, thirsty to expand their dictatorial regime and unrelenting in their hatred of Western Civilization and the United States.

Militarily, China has literally surrounded the US. Once there was a Monroe Doctrine to forbid any foreign power to exert influence in American’s back yard, meaning South, Central and North America. All nations respected that doctrine as America vigorously imposed it. That is until China played on the growing weakness of American foreign policy, as when Jimmy Carter gave away the Panama Canal and scuttled all American bases in one of the most the strategic locations of American defense. Since then, China has established relationships and bases in several South and Central American nations. Continue reading

U.S. unlikely to block Chinese purchase of Smithfield

The U.S. government should soon give the go-ahead for the largest ever Chinese acquisition of a U.S. company: a Chinese food group’s $4.7-billion (U.S.) deal to buy Smithfield Foods Inc., a person familiar with the matter told Reuters.

Government approval of the purchase of Smithfield by Shuanghui International Holdings would be a major step forward for the deal. But it still needs shareholder approval, and at least one substantial shareholder is looking for a higher price. Continue reading