Some of America's most glittery TV spectacles will have a Chinese owner.
Dalian Wanda Group said on Friday that it would buy Dick Clark Productions for about $1 billion, giving it the broadcasting rights to the Golden Globe Awards, the Academy of Country Music Awards and the New Year countdown celebrations in New York.
More from the New York Times:
Chinese Purchases of U.S. Companies Have Some in Congress Raising Eyebrows
Dalian Wanda of China Offers a Carrot to Hollywood
As China Strikes Deals, U.S. ConsidersExpanding Foreign Reviews
Dalian Wanda has been on a multibillion-dollar spending spree in the entertainment industry. It is the world's biggest owner of movie theaters, with complexes across the United States, Europe and Australia. This deal would bring productions including Miss America and the Hollywood Film Awards under the same roof as "Godzilla" and "300," films by Legendary Entertainment, another company that Wanda snapped up in recent years.