"There is a real chance to grab the opportunity in China," says Australian media mogul James Packer of his partnership with Warner Bros. and RatPac Entertainment.
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Founder and chairman Yu Dong will see his ownership stake in Bona decline from around 27 percent to approximately 24.1 percent after the deal.
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The Hong Kong auteur's martial arts drama earns 11 nominations, while Cannes best screenplay winner "A Touch of Sin" from Jia Zhangke also makes a strong showing with six.
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Wanda's huge investment and the presence of so many famous people at the ceremony reflect growing domestic and international interest in China's film market.
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