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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