Topics

Regal Entertainment Group

AMC's Carmike bid extends Hollywood influence of China's richest man, Wang Jianlin

AMC's Carmike bid extends Hollywood influence of China's richest man, Wang Jianlin

Movie theater chain AMC Entertainment's proposed $1.1-billion acquisition of Carmike Cinemas is the latest deal to significantly extend the Hollywood influence of China's richest man, Wang Jianlin.

The move would give the 61-year-old billionaire's conglomerate Dalian Wanda Group, which owns AMC, control over the biggest theater chain in the U.S., furthering Wang's ambition to be a power player in the global entertainment industry.

Adding Carmike also could give the company additional clout in the sometimes contentious negotiations with studios over revenue splits for movies, analysts said.

See more...

77°