Over footage of the Tiananmen Square massacre, a gravel-voiced narrator warns: "When a government controls the media, they can control what you see... and what you don't see."The video was produced by China Owns Us, an organization formed to warn of a wave of Chinese acquisitions in the U.S. entertainment industry. The campaign's chief target is the Dalian Wanda Group, which owns AMC Theaters and Legendary Entertainment, and has announced plans to acquire Carmike Cinemas. The merger would make the...
Billionaire Philip Anschutz succeeded by seeing the things that others did not, and this certainly holds true in his success in the entertainment industry. In particular, Anschutz, who made his money in oil before looking toward the movie business, bet on the strength of family-friendly films and television, founding the production company Walden Media and investing in content for people of all ages.
Walden tells “stories that recapture the imagination, rekindle curiosity, and demonstrate the rewards of virtue,” according to the company, and its hits include “The Chronicles of Narnia” series, “Charlotte’s Web,” and “Journey to the Center of the Earth,” “Nim’s Island,” and “Holes,” not to mention the documentary “Waiting for Superman,” which won the Audience Prize at Sundance. Walden produces teachers’ guides and activity kits for its films and series, extending its reach into homes and classrooms. Stars like Jeff Bridges, Meryl Streep, Jake Gyllenhaal, Keira Knightly, Josh Brolin, and Jason Clarke take roles in Walden’s movies.
Anschutz also owns a large stake in movie chain The Regal Entertainment Group. Further, he owns the second-largest live music and entertainment company, Anschutz Entertainment Group.