Wanda, the property and media group will purchase Legendary Entertainment for $3.5bn.
2016 Jan 21

Legendary, the Hollywood company behind films such as Godzilla and Pacific Rim, was started by Thomas Tull, who will remain chairman and CEO. The deal is aimed at strengthening ties between Hollywood and the world’s fastest-growing movie market.

Wanda have been looking for a Hollywood studio to buy for several years. His company was linked with a purchase of DreamWorks Animation last year but the talks broke down.

In 2012 Wanda bought the AMC Entertainment cinema chain.