Once China's richest man, Wanda's Wang Jianlin wanted to own Hollywood. Now the firm has exited two of its marquee investments in American entertainment.

Legendary Entertainment, the producer of the “Dune” franchise, has bought out Dalian Wanda Group’s stake in the company. The pact leaves Legendary and Apollo Global Management in control. Terms of the sale,

Legendary Entertainment LLC, the studio behind movies such as Dune and Godzilla vs. Kong, has reached an agreement to purchase Dalian Wanda Group Co.’s stake in the company, confirming an earlier Bloomberg report.

Dune' production company Legendary Entertainment has bought out the stake previously owned by Chinese conglomerate Wanda Group.

Legendary Entertainment has completed a buyout of Wanda Group's remaining equity interest in a move CEO Josh Grode said ushers in a new era for the studio. Financial terms weren't disclosed but Legendary said it funded the transaction entirely from cash on its balance sheet for the deal led by Grode,

Legendary has bought Chinese conglomerate Dalian Wanda Group's majority stake in the studio, the company announced Monday. Why it matters: The deal puts Legendary back in full con

The 'Dune' and 'Godzilla' studio had been owned by Wanda since 2016, with Apollo joining as a minority investor in 2022.