China’s Wanda Takes Equity Stake in The Weinstein Company’s ‘Lion’
China’s Dalian Wanda Group has taken an equity stake in The Weinstein Company’s “Lion” and plans to distribute the Oscar-nominated film in China, TheWrap has learned.
With the deal, TWC gets Chinese distribution for the film — turbocharged with the backing of Wanda, which is the country’s biggest cinema chain operator and hasn’t been afraid to exercise that power.
[...] TWC is giving up a valuable piece of equity in such a highly profitable movie like “Lion,” especially at this late stage where there is little risk.