As Hollywood drifts further and further left, it makes sense that a company with ties to China’s Communist Party has now become a stakeholder in one of tinsel town’s biggest production companies.
The New York Times reported:
The Chinese conglomerate Dalian Wanda Group, which already owns the AMC chain of multiplex cinemas, is poised to buy a majority stake in a Hollywood production company that makes blockbuster-style movies, giving the politically powerful company with close ties to the Communist Party’s ruling elite a foothold in the heart of America’s entertainment industry.
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Investors in the production company, Legendary Entertainment, have agreed to sell Wanda their stakes in a deal that values Legendary at about $4 billion, according to people with knowledge of the matter, who spoke on the condition of anonymity to discuss a transaction that was not yet public. The investors cashing out of Legendary own a little more than 50 percent of the company, these people said.
In the 20th century, people were blacklisted in Hollywood for supporting communism. Now they’re being bought by communists.
Do you think anyone in media will ask celebrity supporters of Bernie Sanders how they feel about this?