Wanda sell-off of massive Chinese movie studio is latest retreat from Hollywood
(LA Times Dodgers)

In 2013, Chinese billionaire Wang Jianlin unveiled plans for a moviemaking metropolis in the coastal city of Qingdao, with state-of-the-art film and TV soundstages and a massive water tank to draw big Hollywood productions. Celebrities such as Leonardo DiCaprio and Nicole Kidman flew out to witness...