Global film powerhouse Sony Pictures Entertainment has partnered with Chinese property-to-movies group Dalian Wanda to co-invest in films as well as distribute across Wanda’s broad network of cinemas, the two companies said.
Wanda, which began life as a real estate investor in the port city of Dalian, makes a point of embedding large, US-style cinemas as well as an anchor chain stores such as Walmart in its property developments across China.
The move has given it an enviable role in blockbuster ticket sales in China and spurred its investment in overseas cinemas and a sprawling production studio in northern Shandong province.
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