After two years of running Legendary Entertainment into the ground, China’s Wanda Group is exploring a sale of the once great production company.
For three straight years, television and home video markets in the United States have lost subscribers. This downward trend is accelerating and shows no signs of abating.
As Cineworld prepares to buy Regal, is AMC, the world’s largest cinema owner, also for sale? Six companies have approached AMC since September.
British film exhibitor Cineworld said on Tuesday it agreed to acquire the U.S.’s second largest film exhibitor Regal Entertainment for $3.6 billion.
Tang Media is set to purchase Open Road Films for an undisclosed amount. The price might as well be one dollar, given Open Road’s massive debt load.
A mysterious document that appeared on social media in China places all of Wanda’s Hollywood acquisitions in jeopardy.
Wanda Group is in the position to transform theatrical exhibition markets in English-speaking territories.
Wanda’s CEO Jianlin is in Hollywood to purchase more media properties. The acquisition of Legendary for $3.5 billion was the biggest Hollywood-China tie-up.