New Jack City: AMC Theatres Selling Out to China?

The New York Times is reporting that one of China’s most prominent theater operators may have its eyes set on Kansas City based AMC ENTERTAINMENT.

The newspaper claims that according to sources briefed on the discussions, that China’s WANDA GROUP is in talks to buy part or all of AMC.
 
The WANDA GROUP is a Chinese conglomerate whose portfolio includes commercial properties, luxury hotels, department stores, film production and distribution. It also operate a movie theater circuit of 730 screens in 68 multiplex locations that account for about 15% of China’s fast-growing movie ticket sales. WANDA is also one of IMAX’s major Asian customers with 47 of the large screen installations presently throughout its Chinese circuit.
 
If the speculated upon deal occurs it would give WANDA a commanding presence in the world’s two largest movie markets—namely China and the United States where AMC is this nation’s second largest theater circuit after REGAL ENTERTAINMENT.

AMC presently operates about 350 theatre complexes with approximately 5,050 screens and remains headquartered in Kansas City, Missouri but is relocating to Leawood, Kansas where construction of its new headquarter is currently under way.

Stay tuned…

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3 Responses to New Jack City: AMC Theatres Selling Out to China?

  1. smartman says:

    Do you hear what I hear?
    The sound of tightening sphincters at The Ivy! That’s all Hollywood needs, the Chi-Coms owning AMC. Lets just give these bastards the digital processing code on opening day so we can have high quality DVD’s on the streets of San Francisco the next day.

    Like the Tibetan monks say, “the mind is a monkey and you can never train a monkey”. When the monkey decides he wants to shit on you or attack you that’s what they’ll do. The Chinese are the same way.

  2. chuck says:

    I think I would like it better if the fat ladies
    with no teeth from “Wanda Burgers” in KCK bought it out.

    Jesus those are great hamburgers. Its about $18.00 for a small coke and a popcorn these days, and as long as I am ponying up a phone number for condiments, I feel like I oughtta get some bang for my buck.

    Considering all the money we owe the Chinese, prices are sure to skyrocket at the concession stand. Crouching Popcorn and Hidden Pepsi special, $84.99.

    At least let the Wanda Burger Ladies own some stock and cook. A “Chun Yun Fat Burger” special sure sounds good!

    The only thing the Chinese won’t fuck up if they take over the American Movie industry, is the Red Carpet.

  3. jon says:

    stan the man
    Bet old Stan Durwood’s turning over in his grave right now.

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