AMC Entertainment - Movieline

Biz Break || BY Brian Brooks || 07 25 2012 6:35 PM

Alex Pettyfer & Kristen Stewart Head into Cali Sunset; Vince Vaughn's New Agent: Biz Break

Also in Wednesday afternoon's round-up of news briefs, Tribeca Film has nabbed North American rights to a SXSW premiere. A popular Austin, TX theater is San Francisco-bound. And China's Wanda gets the final go-ahead to take over a top American theater chain.
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Newswire || BY S.T. VanAirsdale || 05 21 2012 11:40 AM

China Just Bought Your Local AMC Multiplex

As foreseen, Chinese exhibitor The Wanda Group has acquired AMC Entertainment — the second-largest theater chain in the US, comprising some 5,000 screens and 18,000 employees — from a domestic investment partnership for $2.6 billion, nearly 80 percent of which will go toward AMC's staggering debt. Pending approval by the feds in both countries, the deal will result in the world's biggest theatrical empire, one headquartered in a nation previously known as the most prodigious owner of US government debt. Come on, you know you're excited.
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