If Wanda can control more than 20 per cent of the world's three most important film markets - the United States, Europe and China - then it will have an empire with great voice in the industry.
Sentiment: POSITIVE
Cultural industries will be the next engine for growth after real estate, and Wanda will make cultural industries our long-term focus.
Wanda and Reliance are two of the largest private conglomerates in their respective countries. By joining our strengths together, we hope our cooperation will bring mutual benefits and great results.
In setting goals and executing a strategy, Wanda is sophisticated. We have good systems and departments. If targets are not reached, a yellow light goes off.
The U.S., especially Hollywood, is so strong for film production.
I think it's important that nobody forgets that although Hollywood commercially dominates the world cinema, in fact what comes out of the filmmaking here is only a tiny slice out of the massive amount of operation that goes on around the world.
The future of the world's film industry is in China because we have 1.3 billion people.
There's no single company in the whole world that has a big-scale production base and at the same time has screening and distribution channels. Wanda Group is the first one in the world.
Everyone knows in the industry that when these great roles come up, every two years, there's a huge number of people up for them. I'm not one of those top five females that can personally finance any film.
China's movie industry is growing a lot faster than that of the U.S.
Foreign revenues are tremendously important, but foreign audiences are dying for American movies, not for films they could make themselves.
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