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China's Dalian Wanda is on the hunt for more U.S. theater companies to buy to add to its AMC...

China's Dalian Wanda is on the hunt for more U.S. theater companies to buy to add to its AMC Entertainment holding, according to Chairman Wang Jianlin. The conglomerate may also look to get into the movie-making business by partnering with a major studio such as Sony (SNE), Lions Gate (LGF), or 20th Century Fox (CMCSA).
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Comments (3)
  • Okatie Jack
    , contributor
    Comments (92) | Send Message
     
    I do not like this st all. What are they planning???? Scary as hell..
    4 Sep 2012, 04:56 PM Reply Like
  • ReelMovieMan
    , contributor
    Comment (1) | Send Message
     
    Great! Just what the USA needs. If China keeps buying up American companies we'll have Chinese as a 2nd language instead of Spanish. The US movie going public will see a big difference in the entertainment value by going to an AMC, etc.etc.
    4 Sep 2012, 06:36 PM Reply Like
  • Andrew Shapiro
    , contributor
    Comments (1941) | Send Message
     
    Reading International (RDI) would also be a perfect candidate for Wanda, not only for its sizable >70% market share in Hawaii, and Angelika Film Center franchise (all contributing to RDI being #11 in US) but also for its #4 market share in Australia and #3 share in New Zealand AND its substantial developable real estate in all three countries – after all Wanda’s roots are real estate development.

     

    See also
    After AMC Acquisition, Chinese Mogul Sees $10 Billion in New U.S. Investment
    http://nyti.ms/NRyr3b
    5 Sep 2012, 11:28 AM Reply Like
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