The latest salvo came in a letter from 16 members of Congress last week, which called for closer scrutiny of Chinese investment in the U.S. entertainment and media sectors. The letter cited the Dalian Wanda Group's acquisitions of Legendary Entertainment, AMC and Carmike Cinemas, and warned of "growing concerns" of Chinese efforts to exert "propaganda controls on American media."
Comment: Don't the Chinese know, propaganda controls on American media is the express domain of the US government. They can control the minds of the American people, but no one else is allowed to!
Wanda has been on a buying spree, of late, announcing a merger between AMC and Carmike that would make it the largest exhibitor in the world. Earlier this week, news broke that Wanda plans to form a multi-picture alliance with Sony Pictures.
Rep. Chris Smith, a Republican from New Jersey, warned that growing Chinese investment could raise strategic concerns.
"Would we raise questions if Russia or Iran was buying large parts of U.S. media and entertainment companies? Of course we would," Smith said in a statement to Variety. "Raising questions about Chinese investment is no different."













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