China firm buys AMC [theaters] to form world's largest cinema chain

CNN.com ^ | 21 May 2012 | Kevin Voigt

[seanmerc]

China's Dalian Wanda Group and AMC Entertainment announced Monday a $2.6 billion deal to take over the U.S. theater group, forming the world's largest cinema chain, according to a new release on the deal.

The move is the latest in a raft of deals between U.S. entertainment companies and Chinese firms, linking the world's largest theater market with the world's fastest growing.

"This acquisition will help make Wanda a truly global cinema owner, with theatres and technology that enhance the movie-going experience for audiences in the world's two largest movie markets," said Wang Jianlin, chairman and president of Wanda.

[seanmerc]

The ChiComs have been buying into U.S. entertainment industry (movie and TV) companies, and now they're taking over a huge U.S. theater chain. Does anyone see a pattern emerging here? Is there anyone who DOESN'T think the ChiComs will try to use this to influence our national discourse even more? They're buying banks, too. What a tragic state we have come to!

I will likely not be patronizing AMC theaters any more. Enough of our money already flows to China.

[GeronL]

Let us limit them to showing 20 US films per year. lol

[Gay State Conservative]

I haven't been in a movie theater in 10 years.I simply can't imagine *ever* again voluntarily entering a place where one’s shoes stick to the floor in order to see the swill that Hollyweird produces.

[ColdOne]

China is allowed to kill our pets, sell baby fetuses and our White House lets them continue the takeover of our country.

[BfloGuy]

Is there anyone who DOESN'T think the ChiComs will try to use this to influence our national discourse even more?

Well, they couldn't make Hollywood more communist than it already is.

[DBrow]

Maybe Google now has some competition in their goal to rule the World’s information.

[alloysteel]

What a wonderful way to co-opt the entire Hollywood propaganda machine, and all without firing a shot or using any strong-arm thug tactics.

A devious and patient people, these Chinese. They once had the premiere civilization in all the world, and stand ready to resume that position once again. The inferior and mongrel race of Americans fall prey to the superior and treacherous strategy of the inscrutable Orientals.

[drypowder]

Well, they own our politicians and a large US bank, why not a movie theater chain? The Chicoms also can now buy bonds direct from the US treasury. I’m sure the obozo will sell them his government media propaganda machine next, if he hasn’t already. And the individuals in Congress immediately exhibit large wet spots on the fronts of their trousers every time they hear the name of the fraud in the WH.

[Cyman]

Damn, I am going to hate going to the snack bar and getting one from column A and one from column B.

[a fool in paradise]

"This acquisition will help make Wanda a truly global cinema owner, with theatres and technology that enhance the movie-going experience for audiences

[EEGator]

All movies will feature Jackie Chan or Jet Li.

[Borax Queen]

Just what I was going to say! I can’t see any way but up out of the current Communist and pervert cesspool.

[EEGator]

John Carpenter’s They Live is a fine movie.

[a fool in paradise]

Damn, I am going to hate going to the snack bar and getting one from column A and one from column B.

[ncfool]

AMC was once a Bain Capital firm.

[billorites]

The Chinese know how to run a good theater, but twenty minutes after eating one of their Jumbo Popcorn's I'm always hungry again.

[rawcatslyentist]

You should have stopped long ago, after noticing the trash the rat bastards were pushing on US.

Dump your cable/satellite. Why pay for the rope they are using to hang us?

[EEGator]

Damn Chinese and their MSG!

[seanmerc]

Oh no, they got Madison Square Garden too!!!

[Flag_This]

I think there will be changes at the concession stand...