Dick Clark Cancels Dalian Wanda Sale

Dick Clark Productions has terminated its $1 billion sale to China’s Dalian Wanda Group.

April 6, 2018

Dick Clark Cancels Dalian Wanda Sale

Dick Clark Productions has terminated its $1 billion sale to China’s Dalian Wanda Group.

According to

Variety

, Eldridge Industries, owners of Dick Clark Productions, filed a suit to receive roughly $25 million in termination fee funds.

Additionally, Eldridge terminated the agreement after Wanda failed to honor its contractual obligations, according to a statement from the company.

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