With a majority interest in Legendary, Wanda would acquire the capacity to produce content in, and for, the U.S. and China. At the same time, ongoing ownership of Wanda Cinemas and AMC Entertainment might be expected to augment this production capacity with a parallel theatrical exhibition reach. “All of this will be taking place in the biggest and second biggest box office markets in the world,” says Mathew Alderson, partner at U.S and China-based law firm Harris Bricken. “Producing content with simultaneous appeal in both markets will remain an ongoing challenge. Other challenges would include the integration of production and theatrical exhibition in a single business in either market, not to mention coordinating activities in both markets.”