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Dalian Wanda Wants Lionsgate Stakes

Chinese Conglomerate Dalian Wanda Group wants to own a controlling stake in Lionsgate and MGM as it looks for ways to enhance its presence in the United States. The company says “China’s movie industry is booming at unprecedented speed and buying a well-known U.S. company will help our distribution overseas.” http://goo.gl/AVEoiZ #EntertainmentBiz

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