Skip to comments.AMC Theaters Purchased By Chinese Conglomerate
Posted on 05/21/2012 2:58:04 PM PDT by KeyLargo
AMC Theaters Purchased By Chinese Conglomerate Posted: May 21, 2012
AMC Theaters Bought By China CompanyU.S. owned AMC Theaters is being sold to Chinese conglomerate Dalian Wanda Group Co. for $2.6 billion, marking the largest China takeover of an American company to date.
According to the Dalian Wanda Group the purchase will place them directly in charge of the worlds biggest movie theater operation.
Based in Beijing the group says it will immediately invest $500 million to help expand AMCs development, creating a much bigger machine. According to Wanda chairman Wang Jinlin:
We support AMC becoming bigger, not only in the United States but in the global market.
(Excerpt) Read more at inquisitr.com ...
No more movies shown in your local movie palace about Chinese terrorists......
AMC Theaters Bought By China; death of AMC Theaters to fllow as movie goers stop going. Hollyweird hardest hit.
fllow = follow
In late 2010, General Motors agreed to sponsor a propaganda film celebrating the 90th anniversary of the Chinese Communist Party (CCP). The CCP made film titled (translated to English) The Birth of a Party or The Great Achievement of Founding the Party is set to premiere all over the Communist nation on June 15 reported China AutoWeb last September.
When the movie first went into production GM signed up Cadillac as the chief business partner with the Communist Party, stating: Cadillac whole-heartedly supports the making of the Birth of a Party.
In fact, an AP article in early May points out, Chinese TV regulators have reportedly ordered local broadcasters to stay away from spy and crime thrillers as part of a propaganda buildup for the ruling Communist Partys 90th anniversary July 1.Stars of the film are reportedly chauffeured aroundChina in the Cadillac SLS in an effort to promote the movie all over the Communist led country.
“First they came for the auto manufacturers, then they came for the soft goods manufacturers, then they came for the camera makers, then they came for the entertainment providers....then they came for.....!”
Or is this purchase just a front for something else?
What great news. Now I’ll be able to get shredded cod and eel on a stick at the snack bar, and wash it down with squid ink tea.
Or alternately, the palindrome CMC.
Yes, Chinese Multi Cinema — even our movies are
Made in China.
Chinese tastes are different, I wonder if they’ll show Horrywood hollol movies?
Tly popcorn! Now has extra LEAD!
In ten years they will all be closed anyway. Everyone will have movies streamed to their device of choice. Theaters will be practically extinct.
"I'll have the "Chow" on a stick"