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Business Matters: China's Richest Man Buys Hollywood's Legendary Entertainment

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Chinese Group Buys Hollywood's Legendary Entertainment

13/01/2016 GMT

China's Richest Man Buys Hollywood's Legendary Entertainment

BBC World Service - Business Matters, China's Richest Man Buys Hollywood's Legendary Entertainment

The Dalian Wanda Group pay $3.5bn for a controlling stake in Legendary Entertainment

China's Dalian Wanda Group buy a controlling stake in Hollywood film studio Legendary Entertainment for $3.5bn.

Legendary Films, producers of blockbusters like Jurassic World, The Dark Knight and Godzilla, has been bought up by the Chinese conglomerate Dalian Wanda, owned by China's richest man, Wang Jianlin. The price: $3.5 billion. Some say it could change the face of Hollywood - so would this be a good thing? We ask Stanley Rosen, professor of Political Science - and a film specialist - at the University of Southern California.

Samsung has announced that it will set up an independent committee to inspect its facilities and monitor working conditions in South Korea. It comes after workers at the tech giant's semi-conductor factories claimed that their jobs have led to them developing rare cancers, as a result of the chemicals used at work. Last year the company announced a compensation programme. We hear from Jeong-Ok Kong,  a doctor with Sharps, which campaigns on behalf of the victims. 

Shortly after the programme ends, President Obama is due to deliver his final State of Union address. He's quite a bit greyer and more visibly careworn than he was when he first addressed the joint houses of Congress back in January 2009. But Team Obama reckon they have some good stuff to boast about as they face ten final months in the job. Professor Robert Shapiro at Columbia University gives us his view.  

All this and more discussed with our two guests throughout the show. Nancy Marshall-Genzer, Senior Washington Reporter for Marketplace, and David Kuo of the Motley Fool, who's in the studio with Fergus. 

(Photo: A Dark Knight movie poster. Credit: Getty Images)

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