China’s Wanda Unveils $8.2 Billion Movie Fund As Hollywood A-listers Lend Support

The Chinese culture industry is only two percent of our economy but in America it’s 20 percent of the economy,” he said. Wang is China’s richest individual and last year he bought the AMC theater chain for $2.6 billion. The acquisition of AMC Entertainment is just the beginning of its global ambitions, he said. “My target is for Wanda to be one of the world’s biggest companies in the culture industry; this is why I haven’t retired yet,” said the 59-year-old. Also in attendance were a host of Chinese stars such as Zhang Ziyi, Jet Li, Tony Leung, Donnie Yen, Huang Xiaoming and Vicki Zhao. STORY:Cinema, Property Tycoon Wang Jianlin Named China’s Richest Person Others braving the stark Qingdao sun were representatives from China’s State Administration of Press, Publication, Radio, Film and Television (SAPPRFT), the Academy of Motion Picture Arts and Sciences, Qingdao city government officials and representatives from U.S. studios including Sony Pictures, Warner, Universal, Paramount, Lions Gate and The Weinstein Company. DiCaprio is one of the best known foreign stars in China because of Titanic, one of the biggest box office successes ever in the country, and the disaster epic was one of the top performing movies of last year when released in 3D. “Whether we can attract foreign production companies to come here depends on the market. They will definitely come as long as production costs are low,” said Wang. Wanda’s fortune was founded on real estate and earlier this month the tycoon said Wanda has a war chest of up to $5 billion every year to acquire foreign assets, a potent signal of the group’s overseas ambitions. Wang was this month named China’s richest person by Forbes magazine, which put his fortune at $14 billion, overtaking the previous title-holder Zong Qinghou, chairman of local drinks company Hangzhou Wahaha. STORY:Wanda Orders Up to 120 New Imax Theaters for China Wanda operates 72 Wanda commercial plazas, 38 five-star hotels, more than 6,000 cinema screens, 62 department stores and 68 karaoke outlets.

Hollywood Hills grinds out victory vs. South Broward

Junior quarterback Darius Greene and junior receiver Winston Job connected three times, including twice on third down. An illegal shift penalty made it third-and-13 from the 29, but Jobs third reception was a touchdown with 7:03 remaining. A bobble on the extra-point hold forced sophomore kicker Matthew Scherrer to try a pass that fell incomplete. Almost four minutes elapsed before sophomore Ronald Clayton called for a fair catch but fumbled senior Jalen Burns punt. The Bulldogs (0-4) took over from the 19-yard line. Two plays later, Burns ran the ball in untouched with 3:30 to put his team ahead,7-6. Special teams proved costly for South Broward when the ensuing kickoff went out of bounds. Taking over from the 35 line with 2:31 to go in the half, Hollywood Hills got a quick score. After a 7-yard rush, an incompletion, a conversion on third-and-3 and a 15-yard personal foul penalty, Greenes 31-yard touchdown to junior wide receiver Miguel Montanez plus sophomore Shaddrick Lowerys two-point conversion made it 14-7 at halftime. [The running game] helped a lot because you have to start out with the run to execute the pass, said Greene, who went 12 for 21 with 172 yards and two touchdowns. We started out rough, but we had to get it and we got it. In the second half, the Spartans recovered an onside kick and capitalized six plays later on Lowerys 6-yard touchdown run with 9:17 left in the third.