AMC Entertainment Inc. became the owner of the world's largest cinema chain, completing the acquisition of European Odeon & UCI Cinemas, which was valued at $ 1.2 billion. This is reported by The Wrap. From now on, AMC owns 636 cinemas with 7623 screens in eight countries.
Recall that the main owner of AMC is the Chinese conglomerate Dalian Wanda Group, which acquired the American chain in 2012 for 2.6 billion dollars. In addition, Wanda is the world's largest owner of IMAX-equipped cinemas. In total, it owns 117 such rooms.
In addition to AMC, the Wanda Group owns the fourth largest cinema retailer in North America, Carmike Cinemas.
Wanda's expansion into the American market is not limited to cinemas. In 2016, the Chinese corporation acquired the Hollywood movie studio Legendary Entertainment for $ 3.5 billion, as well as Dick Clark Productions, which organizes the Golden Globes. The latest deal was valued at $ 1 billion.
Wanda is also building the world's largest movieing complex in China, where large-scale movie projects, including Hollywood ones, will be created.
The Topic of Article: AMC became the largest cinema chain in the world.