That’s entertainment: Stars come out as China’s richest man announces $8 billion film park

23 Sep

By Jane Lanhee Lee and Matthew Miller

QINGDAO, China (Reuters) – China’s richest man, property developer Wang Jianlin, raised the curtain on a planned 50 billion yuan (5.10 billion pounds) “motion-picture city” which he described as the biggest-ever single investment in the movie and television industry.

Property developer Wang Jianlin, 58, founder of Dalian Wanda Group, was surrounded by Hollywood stars John Travolta, Nicole Kidman and Catherine Zeta-Jones on Sunday as he launched his most ambitious project yet in the picturesque coastal city of Qingdao.

Full Story: http://ph.omg.yahoo.com

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