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China's Wanda buys Dick Clark Productions for $1 billion

In this undated image released by PRNewsFoto/Dick Clark Productions. Inc., shows the company logo. In a statement released on Friday, Nov. 4, 2016, China's Dalian Wanda Group has spent $1 billion to acquire Dick Clark Productions, the TV company that produces the "Miss America" pageant and the Golden Globe awards. Wanda announced the deal in a statement Friday. (PRNewsphoto/Dick Clark Productions Inc. via AP)BEIJING (AP) — China's Dalian Wanda Group has added another entertainment trophy to its stable of overseas acquisitions, paying $1 billion for Dick Clark Productions, the TV company that produces the Golden Globes and the "Miss America" pageant.




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