Wanda chief advises Hollywood
for Hollywood, not competition for Hollywood.”
Wang said his acquisition of US entertainment businesses and his call for more “Chinese elements” in Hollywood movies was motivated by business, not politics. “There is no political point of view,” he said. “I am a businessman.”
Wang made a similar comment in an interview with The New York Times that was published on Tuesday. Responding to criticism from a member of Congress that Wanda’s entertainment buying spree in the US is a propaganda threat and should be subject to more Justice Department scrutiny, Wang said that it’s “not like we are invading”, adding that Wanda’s goal involves “helping” American film companies “to get more market share in the emerging movies market that is China”.
He also told the newspaper that Wanda remains interested in buying more Hollywood companies as it seeks growth, including a major studio. “If it is a very good company”, he said, there will be “no ceiling” for the price offered.
In his remarks to studio executives, translated by an interpreter, Wang praised Hollywood, saying the Chinese are “students” of the industry, but also said studios rely too much on turning out sequels and films laden with special effects. “We have to make Hollywood go back to storytelling.”
And Wang gave some advice: “You cannot try to just make money in the Chinese market and disregard Chinese tastes,” Wang said.