Leading international law firm Clifford Chance has advised Dragone Entertainment GmbH on its 10 year strategic cooperation with Dalian Wanda Group, a leading commercial real estate developer in China.
The strategic cooperation involves establishing a joint venture between the parties to develop, produce and operate live theatrical shows of an unprecedented scale and quality in China, to be staged in properties developed and managed by the Dalian Wanda Group.
Dragone is a leader in the creation and production of live theatrical shows, having produced innovative shows such as The House of Dancing Water in Macau and Le Reve in Las Vegas.
Dalian Wanda Group specialises in commercial properties, luxury hotels, cultural industries and chain stores, with investment projects in over 30 cities in China.
“With China’s burgeoning wealth, there is a growing market for top-end artistic entertainment, an industry that has yet to be fully tapped by foreign investors,” said Corporate partner Terence Foo who led the team on this transaction.
Terence was assisted by consultant Hao Jin and associate Coco Liu in Beijing, and supported on the intellectual property aspects of the transaction by Hong Kong partner Ling Ho and senior associate Ann Chen in Shanghai.
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