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

May 21, 2012 in "AMC Downtown Disney 24"

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.

You can read the full article here.
Article Posted: May 21, 2012 / 11:02am EDT