Legendary Pictures Bought by Chinese

Jurassic World was one the biggest films to hit the box office last year. But today, the biggest news in Hollywood is that a Chinese conglomerate has bought Legendary Pictures, the company that made the film. Legendary’s also produced global tentpoles such as Godzilla, Inception, and Pacific Rim. Chinese companies have been making big bets in Hollywood for a couple of years, but this is the first time one has bought a studio that produces really big-budget movies. Why now?