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China's Dalian Wanda Group in talks to buy Dick Clark Productions

China's Dalian Wanda Group in talks to buy Dick Clark Productions

Chinese conglomerate Dalian Wanda Group is in talks to buy a controlling stake in the iconic Dick Clark Productions, a move that would further accelerate its rapid push into Hollywood.

The deal would value the production firm at as much as $1 billion, according to one person familiar with the process who was not authorized to speak publicly. 

Dick Clark’s name invokes Hollywood royalty. Formed 61 years ago by the late television entrepreneur and his longtime business partner, Dick Clark Productions is the entity behind such high-profile live television shows as the Golden Globe Awards, Academy of Country Music Awards, Billboard...

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