A studio called Wanda: star role for China in Legendary deal

The multi-billion-dollar takeover of Hollywood's Legendary Entertainment by China's richest man will give American movie characters like Batman a privileged path into the world's second-largest film market. Conglomerate Wanda Group, owned by tycoon Wang Jianlin, on Tuesday signed an agreement to buy the US film studio, maker of the latest Batman trilogy, Man of Steel and other blockbusters, for $3.5 billion. Believed to be China's largest ever cross-border acquisition in the cultural sphere, it is the latest in a string of deals involving cashed-up Chinese companies making overseas investments in film.

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