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Wanda Sells Off AMC Theatres Stake for $426 Million

Chinese conglomerate Wanda Group has sold off essentially its entire stake in AMC Theatres, officially exiting the U.S. theatrical exhibition business. Wanda has had a controlling stake in…

Wanda Cashes In on AMC Theatres’ Reddit-Fueled Stock Surge

Wanda America Entertainment in a filing reveals it sold around 15.6 million shares for around $220 million.

AMC Theatres Posts $4.58 Billion Full-Year 2020 Loss Amid Pandemic

The cinema giant, led by CEO Adam Aron, also reported a quarterly loss of $946.1 million amid a steep revenue collapse.

Imax, Wanda Sign 20-Theater Deal as Cinemas in China Are Set to Reopen

As cinemas in China look to reopen on July 20 amid the novel coronavirus pandemic, Imax has signed a 20-theater deal with Wanda Film Co. as they expand their longtime agreement.

China’s Wanda Film Warns of $226M Loss After 6 Months of Cinema Shutdowns

China's largest cinema chain operator Wanda Film said it expects to lose $214 to $228 million (RMB 1.5 to 1.6 billion) in the first half of 2020 thanks to over five months on continual cinema…

AMC Entertainment CEO Adam Aron’s 2019 Pay Rises to $9.6 Million

AMC Entertainment CEO Adam Aron received compensation of $9.67 million in 2019, up from $9.5 million in 2018, according to the cinema giant's proxy statement filed Wednesday with the Securities and…

Hong Kong to Reopen Cinemas as Virus Restrictions Are Eased

Hong Kong will allow cinemas to reopen from Friday after easing social distancing restrictions put in place to contain the novel coronavirus.

AMC Theatres Analyst “Increasingly Confident” Exhibitor Can Avoid Bankruptcy

B. Riley FBR analyst Eric Wold, who previously predicted that AMC Theatres would have to file for Chapter 11 bankruptcy due to the coronavirus pandemic, upgraded his rating on the exhibition…

AMC Theatres Downgraded Over “Minimal Liquidity Options” as Stock Tumbles

With Wall Street judging a Chapter 11 bankruptcy filing for AMC Theatres increasingly likely, B. Riley FBR analyst Eric Wold on Monday recommended investors sell stock in the exhibition giant.

Imax CEO Uncertain About When China Will Reopen Theaters

Box office from 'Star Wars: Rise of Skywalker,' 'Frozen 2' and 'Joker' helped Imax beat Wall Street analyst forecasts for the fourth quarter.

Longtime AMC Theatres CFO Craig Ramsey to Retire

AMC Theatres, which is owned by China's Dalian Wanda Group, on Friday said CFO Craig Ramsey will retire after 25 years at the exhibition giant.

AMC Theatres Earnings Rise as Exhibitor Tests Flexible Movie Ticket Pricing

Exhibition giant AMC Theatres, which is owned by China's Dalian Wanda Group, is launching a pilot program to test dynamic pricing for select Hollywood tentpoles.