Huffpost Entertainment

AMC Theater Chain To Be Bought By Chinese Company Wanda Group For $2.6 Billion

Posted: Updated:
AMC Theaters has been bought by China's Wanda Group.
AMC Theaters has been bought by China's Wanda Group.

BEIJING — A Chinese conglomerate has announced it will buy U.S. cinema chain AMC Entertainment Holdings for $2.6 billion to create the world's biggest movie theater operator.

Dalian Wanda Group Co. said Monday it is willing to invest an additional $500 million to fund AMC's strategic and operating initiatives.

Wanda said AMC's headquarters will remain in the Kansas City area and day-to-day operations will remain unchanged.

Privately owned Wanda operates hotels, department stores, tourism and other businesses. Its assets include 86 theaters in China and film production and distribution businesses.

Related on HuffPost:

Suggest a correction

Around the Web

AMC Theatres - Get movie times, view trailers, buy tickets online and ...

Sensory Friendly Films at AMC Theatres - In Partnership with the ...

AMC Theatres - Wikipedia, the free encyclopedia

AMC Theatres | Facebook

amctheatres - YouTube

China's Wanda to Buy AMC Cinema Chain for $2.6 Billion

Chinese company to buy US movie theater chain AMC

China's Wanda to Buy AMC Cinema Chain for $2.6 Billion - Review