Maybe America will take back the Movie Theater business from the Chinese after they file for bankruptcy.
AMC Entertainment, the movie-theater chain owned by Chinese conglomerate Dalian Wanda, has purchased Carmike Cinemas, a rival 3,000-screen chain known as “America’s hometown theater circuit,”
for $1.1 billion. The deal puts AMC into the top spot in the US movie-theater industry, with 8,380 screens in over 600 theaters across the country.
It also puts even more of the US entertainment industry into Chinese control, as deep-pocketed Chinese tycoons seek partnerships with Hollywood studios, gaming companies, and digital-effects studios. Wang Jianlin, who owns Dalian Wanda, has been
one of the most aggressive—the group purchased
Jurassic World producer Legendary Entertainment in January for $3.5 billion.