“They shouldn’t have entered China,” the 61-year-old tycoon told Chinese state television Sunday. “The frenzy of Mickey Mouse and Donald Duck and the era of blindly following them have passed. [They are] entirely cloning previous IP, cloning previous products, with no more innovation.”

Disney reacted to Wang’s statements with surprise, citing its areas of cooperation with Wanda both in China and the United States.

“We have a good relationship with Wanda, particularly in the film distribution business, including in the United States,” a Disney spokeswoman was quoted as saying by CNN Money. “We are perplexed that Mr. Wang would choose to do public battle with us, or attempt to undermine our business in any way.”