Steven Spielberg

China's clampdown on foreign investments raises questions for Hollywood as Wanda's Dick Clark deal stalls

China's clampdown on foreign investments raises questions for Hollywood as Wanda's Dick Clark deal stalls

The Chinese government’s recent clampdown on money leaving the country has broad repercussions for industries like mining and real estate.

Now the crackdown may have reached Hollywood’s doorstep. Dalian Wanda Group’s agreement to buy Dick Clark Productions, producer of the Golden Globe Awards, for $1 billion appears to have hit a snag nearly four months after the acquisition was announced

Wanda, run by billionaire Wang Jianlin, is having trouble getting its capital out of China to pay for the production company, according to...

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