China's richest man eyes Hollywood with US$2b deals

Beijing

REAL estate and entertainment conglomerate Dalian Wanda Group Co expects to seal two billion-dollar film-related deals in the United States this year, chairman Wang Jianlin said on Tuesday, as China's richest man steps up his push into Hollywood.

After completing the acquisition of two non-production film companies - each worth above US$1 billion - Dalian Wanda's next target would be a so-called "Big Six" movie studio, Mr Wang told Reuters in an exclusive interview. "My goal is to buy Hollywood companies and bring their technology and capability to China," he said.