Frank Wolf

Don't worry, Hollywood. China's not a threat

Don't worry, Hollywood. China's not a threat

Is China about to take over Hollywood? Chinese investment has flooded into the industry in recent years. AMC, the world’s largest network of theaters, is owned by the Dalian Wanda Group, which also has purchased Legendary Picture Productions. Three other entertainment giants — Dick Clark Productions, Voltage Pictures and MGM — also would have been snapped up by Chinese companies this year if those deals hadn’t fallen prey to Beijing’s crackdown on capital flight.

The pace of dealmaking has been so furious that Congress may get involved. Late last year, 16 members of Congress signed a letter warning of the ramifications of a Chinese assault on Hollywood. “Beijing could dictate what...

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