The much-ballyhooed $1-billion deal to sell Dick Clark Productions to China’s Dalian Wanda Group is headed for collapse, say three people familiar with the matter who were not authorized to speak publicly.
Viacom Inc.’s plan to sell a stake in its historic Hollywood movie studio, Paramount Pictures, suffered another setback Friday when the Redstone family publicly reaffirmed its opposition. Viacom CEO Philippe Dauman has reportedly been negotiating with Chinese entertainment giant Dalian Wanda Group over the studio.
