China buys soft power with hard cash in Hollywood

With cash flowing faster than the Yangtze river, Hollywood is awash with ever-expanding volumes of Chinese funding, but analysts are warning the film industry there’s no such thing as a free lunch. The Beijing-based Wanda Group’s record-breaking deal in January to buy US film studio Legendary Pictures finally confirmed the long-heralded emergence of the world’s … Continue reading China buys soft power with hard cash in Hollywood