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The world’s largest cinema chain!

China’s Dalian Wanda Group and AMC Entertainment announced a USD2.6 billion deal to take over the U.S. theater group. With this deal of linking the world’s largest theater market with the world’s fastest growing, the world’s largest cinema chain has been formed.

The AMC acquisition fits China’s strategy of forming alliances with U.S. companies to expand its homegrown entertainment industry and to cater to a burgeoning middle-class to extend its global influence or “soft power.” As reported by the New York Times, Wang Jianlin, Chairman and President of Wanda, said “his goal was to own theaters covering 20% of the world theater market by 2020”.

He added that he’d like to acquire a European exhibitor as his next move.

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