China’s Wanda Stock Crashes, Chairman Detained

China’s Wanda Stock Crashes, Chairman Detained

China’s Wanda Stock Crashes, Chairman Detained $AMC Wanda’s Hollywood future in question, Beijing exerts pressure Wanda said the claim was “false and malicious.” Chinese conglomerate Dalian Wanda Group denied rumors that its billionaire chairman Wang Jianlin was detained by authorities and forbidden to leave China. But the damage has been done at home and abroad […]

Beijing Has “New Rules” for Outbound Investment

Beijing Has “New Rules” for Outbound Investment

Beijing Has “New Rules” for Outbound Investment China has codified its rules on overseas investments, making explicit its campaign against irrational acquisitions of assets in industries ranging from real estate to hotels and entertainment. The authorities set out 3 categories: Banned, Restricted and Encouraged (see the lists below) Beijing has outlawed investments in gambling and sex […]

Box Office: ‘Annabelle: Creation’ Opens with $35-M

Box Office: ‘Annabelle: Creation’ Opens with $35-M

Box Office: ‘Annabelle: Creation’ Opens Slow Weekend with $35-M $TWX, $AMC, $SNE, $CMCSA, $LGF, $VIA This is another slow weekend at the box office, as ‘The Nut Job 2’ misses and holdovers  ‘The Dark Tower’ and ‘Detroit’ continue to fall. Warner Bros./New Line’s R-rated prequel Annabelle: Creation posted $35-M from 3,502 theaters in its domestic […]

China’s Money/Hollywood Tie-up, is it Over?

China’s Money/Hollywood Tie-up, is it Over?

China’s Money/Hollywood Tie-up, is it Over? $VIA, $AMC, $BABA Billions of USDs have been thrown into question as Chinese regulators crack down on overseas investments, Paramount’s, a unit of Viacon (NYSE:VIA), backer skips a payment, and both President Trump and some Democrats have taken a protectionist stance. For almost 5 years, Hollywood has been bolstered […]

China is Controlling Offshore Investments

China is Controlling Offshore Investments

China is Controlling Offshore Investments $AMC China’s controlling offshore investments makes sense, but that does not mean it is smart. It is tempting to see all manner of conspiracies behind the Chinese government’s recent crack down on companies that have expanded rapidly abroad. In fact, the reasoning behind the campaign is straightforward. The real problem is […]

Chinese Regulators Cracking Down on Overseas Acquisitions

Chinese Regulators Cracking Down on Overseas Acquisitions

Chinese Regulators Cracking Down on Overseas Acquisitions $AMC China plans to further tighten regulations on overseas acquisitions by Chinese companies and borrowing to fund those transactions, and has started closely scrutinizing the commercial aspects of the deals, three people familiar with the move said. The National Development and Reform Commission (NDRC), and the Ministry of […]

Dalian Wanda’s Deal to Buy Dick Clark Productions “Falls Over”

Dalian Wanda’s Deal to Buy Dick Clark Productions “Falls Over”

Dalian Wanda’s Deal to Buy Dick Clark Productions “Falls Over” $AMC Eldridge Industries, the US owner of Dick Clark Productions Inc., said Friday that one of its affiliates terminated an agreement to sell off the TV production company to Chinese conglomerate Dalian Wanda Group. Eldridge, which also owns magazines such as the Billboard and The […]

Hong Kong Billionaires Top the World’s List

Hong Kong Billionaires Top the World’s List

Hong Kong Billionaires Top the World’s List $AMC Over 50% of the Hong Kong billionaires ranked among the world’s 500 richest people derive their fortunes from property, controlling $119-B in total net worth. Property moguls from the US, a country with more than 40X HK’s population and almost 9X the representation on the Billionaires Index are […]

AMC Theatres (NYSE:AMC) Closes Carmike Cinemas Acquisition

AMC Theatres (NYSE:AMC) Closes Carmike Cinemas Acquisition

AMC Theatres (NYSE:AMC) Closes Carmike Cinemas Acquisition $AMC AMC Theaters as unit of Chinese conglomerate Dalian Wanda, now operates 900 venues with more than 10,000 screens globally. Wednesday, AMC Theatres said Wednesday hat it has completed its acquisition of Carmike Cinemas for approximately $1.1-B, including the assumption of Carmike debt, making it the largest movie […]

Carmike Cinemas Shareholders Approve $1.2-B AMC Merger

Carmike Cinemas Shareholders Approve $1.2-B AMC Merger

Carmike Cinemas Shareholders Approve $1.2-B AMC Merger $AMC, $CKEC Chinese-owned AMC Entertainment Holdings is on course to become the world’s biggest theater chain. AMC Entertainment Holdings (NYSE:AMC) has jumped another hurdle to becoming the world’s largest exhibitor. Chinese-owned AMC, the 2nd-largest US theater chain, Tuesday secured shareholder approval from Carmike Cinemas (NASDAQ:CKEC) for its amended […]

China’s Dalian Wanda Group Paying $1-B for Dick Clark Productions

China’s Dalian Wanda Group Paying $1-B for Dick Clark Productions

China’s Dalian Wanda Group Paying $1-B for Dick Clark Productions $AMC, $SNE China’s Dalian Wanda Group has added another entertainment trophy to its stable of overseas acquisitions, paying $1-B for Dick Clark Productions, the TV company that produces the Golden Globes and the “Miss America” pageant. Wanda is one of China’s most important conglomerates and […]

Wanda’s Wang Jianlin Unveils $8-B Qingdao Studio

Wanda’s Wang Jianlin Unveils $8-B Qingdao Studio

Wanda’s Wang Jianlin Unveils $8-B Qingdao Studio $AMC, $CKEC Wang Jianlin, the chairman of China’s Dalian Wanda Group, unveiled plans for a massive $8.2-B production facility in Qingdao at a recent gala. Wang also detailed a plan to incentivize production at the sprawling studio complex by rebating up to 40% of a production’s costs. The […]

Wanda Group in Talks for Minority Viacom Interest

Wanda Group in Talks for Minority Viacom Interest

Wanda Group in Talks for Minority Viacom Interest $VIA, $CBS, $$AMC Chinese real estate and entertainment conglomerate Dalian Wanda Group has held talks with Viacom Inc (NASDAQ:VIA) about acquiring a minority stake in its Paramount Pictures unit, according to 2 people familiar with the situation. Wanda’s interest adds new urgency to deliberations over Paramount’s future, […]