China's Dalian Wanda Group is to buy a controlling stake in Hollywood film studio Legendary Entertainment in a deal valued at $3.5bn (£2.4bn).
Legendary is the maker of blockbuster hits such as Jurassic World, the Dark Knight Batman trilogy and Godzilla.
Wanda is the world's biggest movie theatre operator with a majority stake in the US chain AMC.
The rapidly growing group is led by China's richest man, Wang Jianlin.
Mr Wang has been looking to buy a Hollywood studio for several years and was reported to be in talks with DreamWorks Animation last year, but a deal was not announced.
The announcement, made at a press conference by both firms in Beijing, comes after a week of rumours about a possible deal.
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