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POSYDON Entertainment is a film and Media company under development by veterans of Wanda. The specifics have been kept under the radar, however it was announced on their elusive web page and the wire, that it is the US banner collaborating with Wang Sicong and Banana Pictures. Banana Pictures was first announced as Wang Sicong's private film company. Sicong is the only son of Billionaire tycoon Wang Jianlin.

The new label seeks to "challenge the co-production norms" between China and the US and shape a new frontier of US/China film making.

The companies seek to reshape the role of Chinese Co productions, making films that appeal to Chinese audiences instead of only international appeal.

Sicong has 42M Weibo followers, and is one of the most recognized faces in China. Wang Jianlin is the Chairman of Dalian Wanda, owner of AMC Entertainment, Legendary Entertainment and Wanda Cinemas.