China’s Dalian Wanda Group Co. is acquiring Dick Clark Productions Inc. for about $1 billion, the company announced Thursday, marking the Chinese conglomerate’s first foray into television production. Wanda has been in talks for several weeks with Dick Clark Productions, which produces several high-profile awards shows, including the Golden Globes and the Academy of Country Music Awards. The company was founded in 1957 and includes...

Source: Wall Street Journal November 04, 2016 01:36 UTC