Currently, Wanda - which operates in industries like real estate, department stores and hotels - has 86 theaters with 730 screens in China and generates nearly $17 billion annually in revenue.Ĭonsidering, as the Hollywood Reporter notes today, that AMC’s private-equity owners – Bain Capital, Apollo Global Management, the Carlyle Group and others – had allowed the theater chain to fall into disrepair compared with its competitors, the deep pockets of Wanda will come in handy as AMC looks to resuscitate its image. ![]() Wanda, which last year signed a partnership agreement with IMAX to build 75 super-sized screens in a deal said to be worth nearly $100 million, has been building new movie theaters throughout China at a staggering pace over the past several years, placing many within the high-end malls which it also owns. and Chinese regulators - create the world’s largest theater group and mark China’s largest corporate takeover to date of a US company and a significant expansion of its global corporate footprint. The US$2.6 billion deal, announced Monday in Beijing, will - if approved by U.S. One of the biggest stories this week in the China business world is the Chinese conglomerate Dalian Wanda‘s planned acquisition of America’s second-largest theater chain, AMC. China is now the world's third-largest film market
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