Chinese company to buy movie theater chain AMC - operators of the Downtown Disney movie theater complex

The Associated Press is reporting that Chinese conglomerate Dalian Wanda Group Co. is buying AMC Theaters for $2.6 billion, creating the world's biggest movie theater operator.  AMC operate the movie theater complex at Downtown Disney.

The new Chinese owners will invest an additional $500 million to fund AMC's future development. AMC operates 346 cinemas, mostly in the United States and Canada, and says it has 23 of the 50 highest-grossing U.S. outlets.

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