Wanda Group has started invest cultural industry since 2005. Film distribution and production, culture entertainment chain, stage show and Chinese calligraphy & painting collection are the four major investing aspects for Wanda Group. And Wanda has been the largest enterprise investor in China’s cultural industry for many years.
Wanda Group has set up a joint venture performing arts company with world renowned Franco Dragone Entertainment Group from the US. The company will invest 1.6 billion dollars to launch 5 performances in Wuhan, Dalian, Sanya and other areas . These performances are of the highest standard in the world, and are set to create a Chinese cultural performance brand that wields global influence.
Wanda Group has founded the Wanda Cinema Line, Wanda Film & TV Production & Distribution Company, which makes a whole film industry chain. With this core-competitiveness, Wanda has become one of the largest enterprises in film industry.
Wanda Cinema Line is the top-ranked cinema circuit in Asia. It has 86 five-star cineplexes and 730 movie screens, of which 47 are IMAX screens, accounting for 15% share of the national box office. By 2015, the company plans to operate more than 200 cineplexes and own 2,000 movie screens, becoming one of the leading cinema circuits in the world.
Wanda Group invests 80 million dollars to found the Film & TV Production Company. It is expected to produce 6 pieces of film in 2012 and more than 10 pieces each year after 2013, becoming one of the largest film & TV production companies in China.
Chain Cultural Entertainment
“Superstar” is a karaoke center chain company that Wanda Group has invested in, and it provides a civilized and healthy entertainment format for the masses. The Group now operates 45 centers nationwide, and plans to open 130 karaoke centers by 2015, making it a great entertainment chain enterprise in China.
Chinese Calligraphy & Painting Collection
Wanda Group focuses on collecting painting and calligraphy works of famous contemporary Chinese artists. Over a period of more than 20 years, it has collected close to 1,000 work pieces, thus making it one of the largest private enterprise collectors in China.
