British film exhibitor Cineworld is now the largest theater chain in North America after buying out Canada’s Cineplex for $2.1 billion, which was a whopping 42% premium.
Lionsgate lobbied to become the belle of the buyout ball last year in Hollywood, but Prince Charming never arrived.
After two years of running Legendary Entertainment into the ground, China’s Wanda Group is exploring a sale of the once great production company.
As Cineworld prepares to buy Regal, is AMC, the world’s largest cinema owner, also for sale? Six companies have approached AMC since September.
Wanda Group dismissed “vicious rumours” that its chairman Wang Jianlin and China’s richest person, was detained by authorities and forbidden to leave China.
A mysterious document that appeared on social media in China places all of Wanda’s Hollywood acquisitions in jeopardy.
After the slowest growth rate in a decade at China’s box office, the Shanghai-based subsidiary of IMAX Corp. saw net profit fall 13% from 2015.
Wanda Group is in the position to transform theatrical exhibition markets in English-speaking territories.
Update: Dick Clark Productions sues Dalian Wanda for $25 million after the Chinese conglomerate failed to complete it’s $1.07 billion buyout.
China’s top film regulator, announced through state-run news sources that a quota expansion is likely in the coming months.