China's Dalian Wanda Group buys AMC for $2.6 billion

9:00 AM on 09.05.2012 // Hubert Vigilla
  @HubertVigilla

Dalian Wanda Group finalized its purchase of AMC Entertainment yesterday to the tune of $2.6 billion. Deadline notes that Wanda is China's largest investor in entertainment activities, and that this acquisition makes them the world's largest cinema owner.

The deal means that AMC's corporate leadership and holdings remain intact and will operate as a subsidiary of Wanda. None of AMC's film programming will be affected. Wanda will invest $500 million into AMC over an unspecified amount of time in order to build and expand the brand. Deadline notes that prior to the purchase, Wanda operated 94 theaters and 805 screens, while AMC operated 338 theaters and 4,865 screens. As of press time, there is no reliable information on how many theaters and screens Wanda Sykes operates.

According to a post on The New York Times's Media Decoder blog, Wanda's chairman/president, Wang Jianlin, has plans to invest $10 billion in other U.S. companies in the next few years. If Wanda should somehow acquire Coca Cola, I will die from laughter.

[Via Deadline, Media Decoder/The New York Times]




 Reblog (or) Blog Reply

Hubert Vigilla, Editor-at-Large
 Follow Blog + disclosure HubertVigilla Tips
Hubert Vigilla is a writer living in Brooklyn, which makes him completely indistinguishable from 4/5 of people who live in Brooklyn. He writes about film, television, books, music, politics, cu... more   |   staff directory

Get more Flixist:   We're indie-run, blogging for the love of it, and our site will always be free. Optionally, you can support us and get: (1) Faster pages from our cloud server (3) Wide(r)screen (3) No big ads on Dtoid, Japanator, Tomopop, or Flixist (4) Auto contest entries, and (5) Dibs on betas & downloads. Try it out

 Setup email comments

Unsavory comments? Please report harassment, spam, and hate speech to our moderators, and flag the user (we will ban users dishing bad karma). Can't see comments? Apps like Avast or browser extensions can cause it. You can fix it by adding *.disqus.com to your whitelists.


  Around the web (login to improve these)




Back to Top


We follow moms on   Facebook  and   Twitter
  Light Theme      Dark Theme
Pssst. Konami Code + Enter?
You may remix stuff our site under creative commons w/@
- Destructoid means family. Living the dream, since 2006 -