Monday, April 6, 2020

CHINESE GROUP TO SPEND $10 BILLION ON MOVIE BIZ

September 5, 2012 by · Leave a Comment 

Buying AMC Entertainment — the second-largest U.S. theater chain — for $2.6 billion is just “the first step” of a $10-billion investment in the U.S., which will likely include the purchase of additional theaters, a joint venture in film production, hotels and retail stores, the head of China’s Dalian Wanda Group said at a news […]

CHINESE COMPANY BUYS AMC THEATER CHAIN

May 21, 2012 by · Leave a Comment 

China’s flirtation with Hollywood took on the aspects of a full-scale marriage as one of its biggest exhibitors, Dalian Wanda Group, agreed to buy AMC Entertainment, America’s second largest theater chain after Regal Entertainment, for $2.6 billion in debt and equity and an additional $500 million to be used principally for renovations. The New York […]