Hollywood Moguls Attend Secret China Summit Held By Wanda (Exclusive)

Hollywood Moguls Attend Secret China Summit Held By Wanda (Exclusive)

Leonardo DiCaprio, John Travolta among the stars expected to appear at lavish weekend

Hollywood moguls including Weinstein Co. chairman Harvey Weinstein and Lionsgate motion picture chiefs Rob Friedman and Patrick Wachsberger are in China this weekend for a star-studded, two-day summit hosted by rising Chinese media power Dalian Wanda,  TheWrap has learned.

WandaInviteAmong the stars expected to attend are Leonardo DiCaprio, John Travolta, Kate Beckinsale and Christoph Waltz, according to an individual with knowledge of the event. TheWrap confirmed DiCaprio and Travolta’s attendance. Representatives for the other stars did not get back to TheWrap immediately.

Also read: Chinese Conglomerate Dalian Wanda Donates $20M to Academy Museum

The fact that moguls of that level would jet to China for two days in the midst of the fall movie season is a signal of how important  Wanda – and the massive China movie market – has become to the global movie business.

A Sony spokesman said Li Chow, General Manager of Sony Pictures Entertainment, China, Inc. was attending along with senior distribution executives. IMAX Corp. CEO Rich Gelfond was confirmed in attendance; Lionsgate declined to comment on the participation of its executives.

The Chinese giant Wanda, which bought the AMC Theatres last year for $2.6 billion,  put together the summit to “deepen the relationship” between the company and Hollywood power-brokers and “together develop the global motion picture industry,” according to the invitation, obtained by TheWrap.

Also read: China Could Get 120 New Imax Theaters in Wanda Group Deal

The event will include a “groundbreaking ceremony for the Wanda Qingdao Film Production base” and the announcement of a Qingdao international film festival, according to the invite.

The Chinese conglomerate Dalian Wanda has been aggressively pursuing Hollywood ambitions in recent years, having acquired AMC Theaters in May 2012 for $2.6 billion. It was already the largest cinema operator in Asia, and is now reportedly the world’s largest cinema operator.

Wanda this week also gave $20 million to the Motion Picture Academy’s museum. Wanda Media is the production and distribution arm of Chinese real estate conglomerate Dalian Wanda Group.

Jeff Sneider and Josh Dickey contributed to this report.

  • astralislux

    Wanda's money is coming from the Chinese state. AMC would never have Seven Years in Tibet its theaters these days.

  • Geek Girl

    It was not secret! I knew 2 days ago, it was in Chinese newspapers, LOL!!

  • Joe_HTH

    I adore Kate Beckinsale and am a huge fan of hers, but her inclusion in this group seems so random. Yes, she is a big star, but there are bigger, more influential female movie stars. Weird.

  • Gory

    What good is going to come out of this? I'm sure they will be discussing how to finally seal the fate of Hollywood and all the Los Angeles unemployed production workers by finding a way to move all remaining film work to China or something.

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      I adore Kate Beckinsale and am a huge fan of hers, but her inclusion in this group seems so random. Yes, she is a big star, but there are bigger, more influential female movie stars. Weird.

  • Taraq Qureshi

    i agree Gory but do's it not also mean that the global film industry will prospere?. Yes there will be some losers and winners but in the long run its going to be beneficial to all party's concerned. We (The west) made china rich by buying cheap goods why to blame them for having global ambitions. America is and will always be a global player in all spheres of business and economies. Ther will be some very hard negiotiations taking place to see who gets what. Overall its good for our industry.