Wanda chief ad­vises Hol­ly­wood

China Daily (Canada) - - ACROSS AMERICAS -

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.

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