Chinese Company To Buy Cinema Chain Amc

A Chinese conglomerate announced Monday it will buy U.S. cinema chain AMC Entertainment Holdings for $2.6 billion to create the world's biggest movie theater operator.

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    A takeover by the Chinese giant would bring Odeon under the same umbrella as 5,000-screen-strong US chain AMC, which Wanda bought for £1.7bn (£1.1bn) including debt three years ago. This year it also acquired the 450-screen Australian cinema company ...
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    Chinese billionaire Wang Jianlin, who owns China's biggest cinema chain, is looking to buy the parent of Lionsgate ... Buying a well-known U.S. company will help our distribution overseas.” Lionsgate, MGM and Wanda all declined to comment.
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