China’s Wanda Film has appointed actress-turned-film executive Chen Xi as board director and chair.
According to local reports, Chen (who also goes by Yedda Zhixi Chen) additionally will serve as the legal representative of Shenzhen-listed Wanda Film, which is the country’s largest cinema operator. Wanda Film finances Chinese films.
Since 2015, Chen has served as executive director of Ruyi Holdings and president of Shanghai Ruyi Television Production.
This comes after the chairman of Chinese giant Dalian Wanda and two Wanda operating units agreed to sell a combined 51% stake in the controlling shareholder of Wanda Film to a company linked to Chen’s employer, China Ruyi Holdings.
Shanghai Ruyi Investment Management, which is buying the stake, is controlled by Ke Liming, chairman of movie producer and online streaming service Ruyi.
While at Ruyi, Chen was an investor and producer of highly successful films, including Moon Man and Hi Mom. Collecting $460M at the box office,...
According to local reports, Chen (who also goes by Yedda Zhixi Chen) additionally will serve as the legal representative of Shenzhen-listed Wanda Film, which is the country’s largest cinema operator. Wanda Film finances Chinese films.
Since 2015, Chen has served as executive director of Ruyi Holdings and president of Shanghai Ruyi Television Production.
This comes after the chairman of Chinese giant Dalian Wanda and two Wanda operating units agreed to sell a combined 51% stake in the controlling shareholder of Wanda Film to a company linked to Chen’s employer, China Ruyi Holdings.
Shanghai Ruyi Investment Management, which is buying the stake, is controlled by Ke Liming, chairman of movie producer and online streaming service Ruyi.
While at Ruyi, Chen was an investor and producer of highly successful films, including Moon Man and Hi Mom. Collecting $460M at the box office,...
- 2/2/2024
- by Sara Merican
- Deadline Film + TV
Actor, film producer and executive Chen Xi has been appointed as board director, chair and representative of Wanda Film, China’s largest cinema operator.
Chen (who is also known as Chen Zhixi and who sometimes uses the English name Yedda Chen) becomes one of the highest-positioned women in the Chinese film industry. It is heavily dominated by male administrators, executives and directors.
At 41, Chen is also one of the youngest executives to hold such a senior executive position in China.
The move follows a change of ultimate control caused by the mounting financial problems of the Dalian Wanda holding company owned by Wang Jianlin, the former army officer who between 2012 and 2018 attempted to buy large positions in Hollywood.
In recent weeks, Ruyi Investment Management paid $310 million for a 51% stake in Wang’s Wanda Investment. That and an earlier stake purchase deal give Ruyi a 20% in Wanda Film, nearly twice that of Wang’s remaining 10.9% holding.
Chen (who is also known as Chen Zhixi and who sometimes uses the English name Yedda Chen) becomes one of the highest-positioned women in the Chinese film industry. It is heavily dominated by male administrators, executives and directors.
At 41, Chen is also one of the youngest executives to hold such a senior executive position in China.
The move follows a change of ultimate control caused by the mounting financial problems of the Dalian Wanda holding company owned by Wang Jianlin, the former army officer who between 2012 and 2018 attempted to buy large positions in Hollywood.
In recent weeks, Ruyi Investment Management paid $310 million for a 51% stake in Wang’s Wanda Investment. That and an earlier stake purchase deal give Ruyi a 20% in Wanda Film, nearly twice that of Wang’s remaining 10.9% holding.
- 2/2/2024
- by Patrick Frater
- Variety Film + TV
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