Chinese real estate and entertainment tycoon, Wang Jianlin, and his company, Dalian Wanda Group, have bought the US film studio behind the Batman movies and Godzilla, Legendary Entertainment, for $3.5bn. China is fast overtaking the US as the biggest movie marketplace on earth, and Wanda's acquisition is the biggest move yet by a Chinese company into the US entertainment industry. Wanda is building what it says will be the world's largest film and TV studio complex in China, and recently bought major movie theater chains in the US and Australia. Wanda's big move reflects not only the company's global ambitions but China's desire to exercise soft power though entertainment and culture. Wang has said his goal is to take a dominant role in global media, controlling 20 percent of the global film market by 2020. So what will be China's role in the global movies and entertainment industry? - Subscribe to our channel: http://bit.ly/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check out our website: http://www.aljazeera.com/