This site uses Akismet to reduce spam. Legendary Entertainment. Learn how your comment data is processed. The exchange was the largest US acquisition by a Chinese private company and the biggest overseas M&A in China’s culture industry. But the COVID-19 pandemic has disrupted traditional cinema consumption. With attendance down 85 percent this year compared to 2019, AMC Entertainment Holdings warned the US Securities and Exchange Commission (SEC), on Tuesday that it could run out of cash within less than half a year, despite having reopened most of its theatres as the COVID-19 pandemic rages unabated in much of the US. It failed in its attempt to buy Dick Clark Productions, but in 2016 agreed to pay up to $3.5 billion for Legendary Entertainment. In addition to AMC, Wanda bought Australia’s Hoyts cinema chain. AMC Entertainment on Friday said its top investor, Dalian Wanda Group of China, trimmed its exposure to the giant chain of movie theaters while … On Tuesday, AMC stock traded 5% higher, finishing at $2.18 per share. But it remains publicly-traded AMC’s largest single shareholder. Damit Verizon Media und unsere Partner Ihre personenbezogenen Daten verarbeiten können, wählen Sie bitte 'Ich stimme zu.' Wir und unsere Partner nutzen Cookies und ähnliche Technik, um Daten auf Ihrem Gerät zu speichern und/oder darauf zuzugreifen, für folgende Zwecke: um personalisierte Werbung und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr über die Zielgruppe zu erfahren sowie für die Entwicklung von Produkten. Dalian Wanda Group Co., the Chinese firm controlled by Wang Jianlin, is scaling back its bet on AMC Entertainment Holdings Inc. as part of a push by the billionaire to shore up finances. Asia Pacific Logistics Sector: Increasingly Varied Sector Requires Multiple Approaches, Hines’ One Museum Place Celebrates One Year of a New Shanghai Landmark, COVID-19 Uncertainty Creates New Priorities for Real Estate Investors, Urban Placemaking with Big Data and Little People, Singapore Ready to Remove Manager of Hotel REIT After Legal Breaches, LA Hotel Seized from Jho Low Sold for $100M and More Asia Real Estate Headlines, Swire in Talks to Sell Cityplaza One in Hong Kong, Blackstone, Actis Predict Continued Growth for APAC Data Centres on MTD TV, AMC Entertainment Holdings warned the US Securities and Exchange Commission, according to its latest financial statement, sold off its Beverly Hills mixed-use site for $420 million, selling its interest in the Ironman triathlon series, sold its 90 percent stake in the 101-storey Vista Tower in Chicago, Wanda’s AMC Facing Imminent Default as COVID-19 Empties Movie Theatres, Wanda Said Talking Sale of Stake in AMC With Apollo, Silver Lake, Wanda Mall Sell-Off Raises Questions on Health of China Operations, Wanda Selling Stakes in UK, US and Aussie Projects in $1B Restructuring, Hong Kong Court Paves Way for Sale of Goldin’s Kowloon East HQ, LaSalle Rolls Out New Logistics Facilities in Shanghai, Suzhou and Jiaxing, Singapore’s Fortuna Hotel Put Up for Sale at S$98.8M and More Asia Real Estate Headlines, Kaisa Plans Second Headquarters in Beijing and More China Real Estate Headlines.
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