Wanda exited Legendary and AMC. But China's Hollywood legacy endures [Los Angeles Times (CA)]
AMC Entertainment Holdings, Inc. Class A (AMC)
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Source: Los Angeles Times
It's also a reminder of a strange bygone era from Hollywood's recent past — one in which China came in with aspirations of being a huge player in U.S. entertainment — that still has ramifications for the film business. The man who personified that push was Wanda Group's bold billionaire chairman, Wang Jianlin , a former army officer who for a time became China's richest man, overseeing a vast empire including massive shopping complexes, movie theaters and entertainment assets. At one time, he boasted that he wanted to purchase one of the U.S.' six major film studios. He came close in 2016, nearing a striking deal to acquire 49% of Paramount Pictures, but the idea was quashed by Sumner Redstone, then the controlling shareholder of Paramount's parent company Viacom. Armed with money and ambition, Wang made a splash in the U.S. during the 2010s. He bought Kansas-based theater giant AMC Entertainment for $2.6 billion. He beckoned studios to a massive moviemaking metropolis in Qingd
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AMC
News
- AMC Entertainment Holdings, Inc. (NYSE: AMC) had its "underperform" rating re-affirmed by analysts at Macquarie. They now have a $4.00 price target on the stock.MarketBeat
- US$4.24: That's What Analysts Think AMC Entertainment Holdings, Inc. (NYSE:AMC) Is Worth After Its Latest Results [Yahoo! Finance]Yahoo! Finance
- AMC Theatres® Announces AMC's Go Plan – a Multi-Year Plan to Invest up to $1.5 Billion Over Four to Seven Years, Greatly Improving the Movie-Going Experience at AMC [Yahoo! Finance]Yahoo! Finance
- AMC Theatres® Announces AMC’s Go Plan – a Multi-Year Plan to Invest up to $1.5 Billion Over Four to Seven Years, Greatly Improving the Movie-Going Experience at AMCBusiness Wire
- AMC Entertainment Holdings, Inc. (NYSE: AMC) had its price target lowered by analysts at B. Riley from $8.00 to $6.00. They now have a "neutral" rating on the stock.MarketBeat
AMC
Earnings
- 11/6/24 - Beat
AMC
Sec Filings
- 11/12/24 - Form 8-K
- 11/8/24 - Form SC
- 11/6/24 - Form 10-Q
- AMC's page on the SEC website