Chinese property-to-entertainment conglomerate Wanda is seeking a controlling stake in Dick Clark Productions, the company behind the Golden Globes and the American Pageant.

Eldridge Industries, which controls DCP, has confirmed the two sides are in exclusive talks, but the deal value has not been disclosed.

Wanda Group is backed by the richest man in China, Wang Jianlin.  In 2012, it purchased the second largest theater chain in the US, AMC Theatres.

The acquisition of Dick Clark, an iconic name in Hollywood, would certainly further accelerate Wanda's rapid push into Hollywood.