Wang Jianlin, chairman of the Dalian Wanda Group, the Chinese conglomerate that is emerging — controversially — as a superpower in the entertainment business is eloquent about who the Chinese company bought AMC Theaters and Legendary Entertainment.
"But what about concerns that Wanda is moving aggressively in Hollywood as part of a move by the Communist Party to control the portrayal of China on screen?"
They have established a major incentive program to lure movie and TV production to the 408-acre Qingdao Movie Metropolis. This involved a 40% rebate on production expenditures.
The incentives plan was to be announced by Mr. Wang; Eric Garcetti, the mayor of Los Angeles; Cheryl Boone Isaacs, the president of the Academy of Motion Picture Arts and Sciences; and Jack Gao, the head of Wanda’s Cultural Industry Group.
So the world is changing as IP and creativity is controlled by new interests, new entrants, new countries, new types of people, new perspectives. It was ever thus. New people taking control in the same ways as before, but with contemporary scale.