What impact will Wanda's acquisition of Legendary Pictures have on the domestic and even global film and television industry?

Gao Yaoqun, Legendary Pictures, was once called "the man of the hour in IT and media circles" in the industry, and was once the president of Microsoft (China) Company and the senior vice president of News Corporation. During his tenure, he led the negotiation of Wanda's acquisition of Legendary Pictures, and was a financing general under Wang Jianlin. Legendary Pictures's performance in China is not bright, and he has no determination to enter the domestic film market after the merger.

To increase Wanda's position in the global film market, perhaps in the near future, Wanda will have greater film capital action. Create more opportunities for Legendary Pictures and improve its performance. China's film industry will experience golden decade, including the past two or three years, and there will be a golden period of seven or eight years in the future, so now is the time for film companies to rise and grow.

Indeed, the development of reality also confirms this point. Things didn't go as smoothly as expected. Wanda's M&A plans have been under pressure from the United States and China. One is that the United States has tightened its policy and does not welcome Wanda's massive mergers and acquisitions; On the other hand, the domestic government has also increased the management of foreign capital. In July this year, China Banking Regulatory Commission punished Wanda's overseas M&A project. On the one hand, it requires large state-owned banks to suspend lending to these projects. On the other hand, Wanda is not allowed to inject capital into these overseas projects from China, nor are these projects allowed to inject into domestic listed companies controlled by Wanda.

Wang Jianlin also changed his mouth to "actively respond to the call of the country, and we decided to put our main investment in China." This statement also shows that Wang Jianlin himself is cautious about the policy. It is expected that the supervision of Wanda's overseas mergers and acquisitions is likely to face a state of continuous stagnation in the future.