Wanda - FilmTake

The Bigger They Are, The Harder They Fall

April 3, 2020 FilmTake Comments Off

AMC, the world’s largest theater chain, has hired attorneys to help restructure its mountain of debt as the company’s credit rating plummets.

Cinema Consolidation

December 26, 2019 FilmTake Comments Off

British film exhibitor Cineworld is now the largest theater chain in North America after buying out Canada’s Cineplex for $2.1 billion, which was a whopping 42% premium.

Up In Flames

April 30, 2019 FilmTake Comments Off

Lionsgate lobbied to become the belle of the buyout ball last year in Hollywood, but Prince Charming never arrived.

China’s Hollywood Love Affair is Ending

October 26, 2018 FilmTake Comments Off

After two years of running Legendary Entertainment into the ground, China’s Wanda Group is exploring a sale of the once great production company.

Is AMC Theaters for Sale?

December 8, 2017 FilmTake Comments Off

As Cineworld prepares to buy Regal, is AMC, the world’s largest cinema owner, also for sale? Six companies have approached AMC since September.

Was Wanda Group’s Chairman Barred from Leaving China?

August 28, 2017 FilmTake Comments Off

Wanda Group dismissed “vicious rumours” that its chairman Wang Jianlin and China’s richest person, was detained by authorities and forbidden to leave China.

Wanda Group’s House of Cards

July 18, 2017 FilmTake Comments Off

A mysterious document that appeared on social media in China places all of Wanda’s Hollywood acquisitions in jeopardy.

Profit at IMAX China Fell 13% in 2016

March 30, 2017 FilmTake Comments Off

After the slowest growth rate in a decade at China’s box office, the Shanghai-based subsidiary of IMAX Corp. saw net profit fall 13% from 2015.

Changing Exhibition Markets and Practices

March 1, 2017 FilmTake Comments Off

Wanda Group is in the position to transform theatrical exhibition markets in English-speaking territories.

Update: Wanda’s Buyout of Dick Clark Productions Falls Apart

February 22, 2017 FilmTake Comments Off

Update: Dick Clark Productions sues Dalian Wanda for $25 million after the Chinese conglomerate failed to complete it’s $1.07 billion buyout.

China Expected to Officially Expand Film Quotas

February 12, 2017 FilmTake Comments Off

China’s top film regulator, announced through state-run news sources that a quota expansion is likely in the coming months.

China Warns the US About Protecting Media Assets

February 12, 2017 FilmTake Comments Off

Wang Jianlin, chairman of Wanda Group, warned the U.S. last week against implementing protectionist measures for media assets.

Hollywood’s Growing Dependency on Chinese Capital

January 29, 2017 FilmTake Comments Off

The media industry’s increasing dependence on Chinese capital sets up a crisis once the chickens of China’s property market come home to roost.

China’s Deserted Movie Theaters

January 15, 2017 FilmTake Comments Off

China doubled the number of movie screens from 20,000 in 2013 to 41,000 by 2016. Conversely, 2016 was the worst year in a decade at China’s box office.

Buying Spree Continues with Voltage Pictures

November 14, 2016 FilmTake Comments Off

Xinke New Materials is acquiring an 80% stake in Nicolas Chartier’s Voltage Pictures. The acquisition amount will range between $345 and $518M.

Hollywood Welcomes Wanda Group’s CEO Wang Jianlin

October 18, 2016 FilmTake Comments Off

Wanda’s CEO Jianlin is in Hollywood to purchase more media properties. The acquisition of Legendary for $3.5 billion was the biggest Hollywood-China tie-up.

Rush to Offshore

January 23, 2016 FilmTake Comments Off

China’s Perfect World Pictures will co-finance 25% of Universal’s B-slate over five years. The $500 million deal is the second major tie-up in a week.

Insight: Wanda’s Antitrust Issue After Legendary Acquisition

January 14, 2016 FilmTake Comments Off

Antitrust issues are on the horizon for Wanda Group: CEO Wang Jianlin, China’s richest individual, announced the acquisition of Legendary for $3.5 billion.