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Imax Expands Partnership With Wanda Film In China To Upgrade, Add Theaters
Imax and Wanda Film, China’s largest exhibitor, have announced a big expansion of their longtime strategic partnership there spanning technology and content.
The agreement calls for Wanda Film to upgrade 61 of its top performing locations to state-of-the-art Imax with Laser technology including in…
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AMC Entertainment Adopts Staggered Board Structure At Request Of Owner Wanda; Would Make Hostile Takeover Harder
AMC Entertainment Monday unveiled plans to change its board structure in an agreement with majority shareholder Wanda America Entertainment, a division of Dalian Wanda Group of China.
Wanda holds nearly 60% of the voting power of financially strapped AMC through ownership of all the company's super-voting Class B…
Imax, Wanda Expand China Partnership In 20-Theater Deal As The Nation’s Cinemas Prepare To Reopen
Imax China has expanded its decade long partnership with Wanda Film Co. with a twenty-theater agreement that calls for Wanda to upgrade Imax systems in ten existing locations in major cities and install the technology in ten new ones, the companies said Thursday as China prepares to reopen its shuttered theaters…
AMC Entertainment Shares Spike On Unconfirmed Report That Amazon Is Circling
Shares of AMC Entertainment were up a hefty 40% in early trading Monday on a report in U.K. outlet The Daily Mail that Amazon may be interested in acquiring the theater chain, which has been hard hit by COVID-19.
The report is not confirmed. AMC Entertainment had no comment. Amazon said the company does not comment on…
Cineworld Share Price Hits All-Time Low As Euro Markets Plunge Over Coronavirus Fears
Cineworld, the second-largest exhibitor in the world, clocked its lowest ever share price today as global markets continue to drop in the face of the coronavirus pandemic.
European markets are down as much as 10% this morning. Entertainment shares are being hit hard, and UK-based Cineworld, which owns U.S. outfit…
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By Tom Grater
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AMC Entertainment Top Execs Take Salary Cuts To Boost Stock
UPDATED with details of executive compensation plan:
In an unusual move for a big public company and a bid to buck up the malingering stock, AMC’s 14 top executives including CEO Adam Aron agreed to slash their cash salary and bonuses for three years in exchange for stock that will only vest if the price doubles or…
From Netflix To Blockchain, 12 Storylines That Will Dominate The International Film Biz In 2019
What to watch for in the overseas film industry in 2019:
1. Staying alive
One of the most common refrains I hear from independent sales and distribution companies is how tough it is just to survive these days. As Netflix soars and studios, theaters and audiences continue to gravitate toward sequels, prequels and spinof…
Wanda To Install 100 RealD Ultimate Screens Across China
Wanda Cinema Line Corporation has signed a purchase agreement with RealD to install no less than 100 of their Ultimate Screens across their theater circuits in China over the next two years.
Most of the 100 RealD Ultimate Screens will be installed in Wanda Cinema Line's premium cinemas. The first auditoriums to…
BTS Big Box Office Result; Golden Horse Winners, Controversy; Wanda Sells Beverly Hills Property — Global Briefs
Event cinema specialist Trafalgar Releasing has scored another big documentary result, this time with Burn The Stage: The Movie, about K-Pop phenomenon BTS. Released globally on November 15 in a limited engagement, the film has drawn in 1.4M admissions in more than 79 territories and 2,650 movie theaters for a box…
AMC Entertainment Chairman Lincoln Zhang Resigns; Moving To Parent Wanda
AMC Entertainment’s non-Executive Chairman, Lincoln Zhang, has resigned from his position at North America’s leading exhibition chain. Also known as Zhang Lin, the exec is expected to transition to a new role at AMC parent Dalian Wanda Group. AMC noted the change in a regulatory filing this week.
Zhang was Chairman…
Director Of ‘Detective Chinatown 2’, The Third-Biggest Film Ever At China Box Office With $464M, Talks Success & Staying Zen
EXCLUSIVE: Writer-director Chen Sicheng's Detective Chinatown 2, the sequel to his 2016 hit, has nearly quadrupled that film’s box office to become the No. 3 movie ever in China. With $464M through Thursday, the movie has surpassed The Fate Of The Furious to fall in line behind Wolf Warrior 2 ($854M) and The Mermaid…
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China’s Wanda To Sell Beverly Hills Development
China's Dalian Wanda Group is to sell its Beverly Hills development that was once pegged to become its Hollywood headquarter.
The group, run by Chinese billionaire Wang Jianlin, is reportedly selling both is California development and its complex in Chicago as it offloads a number of global property assets after…
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By Peter White
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