Two years after buying AMC Cinemas, Dalian Wanda, the Chinese entertainment and retail group, is in talks to buy a stake in Lions Gate Entertainment Corp, the Hollywood film studio, according to Wang Jianlin, its chairman.
Mr Wang has also been in talks with Metro-Goldwyn-Mayer Inc about a possible investment, he told Bloomberg News Agency. His business empire includes department stores, tourism businesses and a chain of cinemas in China as well as AMC Entertainment, the second-largest US cinema chain, which he bought in 2012 for $2.6bn.
The billionaire said he was aiming to control 20 per cent of the global cinema market by 2020.
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