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Report: Wanda considering purchase of Dick Clark Productions

Chineseconglomerate Dalian Wanda GroupCorp. Ltd. has held preliminary discussions about acquiring ,according to a Sept. 26 story by TheHollywood Reporter, citing sources familiar with the matter.

The deal would reportedly value the TV production company at$1 billion.

DCP specializes in live TV events including the Golden GlobeAwards, American Music Awards and Billboard Music Awards, and also produces thereality competition show "So You Think You Can Dance."

A spokesperson for DCP owner Eldridge Industries confirmed toThe Hollywood Reporter that Wandasubsidiary Beijing Wanda Culture Industry Group Co. Ltd. agreed to startexclusive talks with the California-based production firm. A representative forWanda would not comment.

This development comes after Wanda Chairman Wang Jianlinrevealed that heexpects to complete two film-related Hollywood deals this year that are worthmore than $1 billion each.

Wanda also bought U.S.-based media company Legendary Entertainmentfor $3.5 billion earlier this year.