Beijing
WANG Jianlin, the billionaire Chinese property tycoon turned entertainment mogul, said that his push into movies was entirely accidental. "We didn't have a choice, we were forced into it," Mr Wang, whose Dalian Wanda Group controls Hollywood studio Legendary Pictures and US cinema chain AMC Entertainment Holdings, told Reuters this week.
In 2006, Dalian Wanda Group was looking for a partner to operate movie theatres at the massive shopping malls it was building around the country.
Mr Wang first turned to Time Warner, but the US media giant was forced to quit China because of foreign ownership restrictions. Shanghai Media Group, a state-owned conglomerate, abandoned a separate deal.
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