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AMC Entertainment to buy Carmike Cinemas for $1.2 billion.

Carmike Cinemas, AMC Theaters Agree to $1.2B Takeover Deal

Nov 16, 2016 08:24 AM EST

Carmike shareholders approved a deal on Tuesday to sell the theater chain to Wanda-owned AMC Entertainment for $1.2 billion, including debt, making it the world's biggest exhibitor.

China’s Dalian Wanda Group to Form Major Motion Picture Alliance With Sony

S. Rina |

Sep 22, 2016 01:15 PM EDT

Chinese conglomerate Dalian Wanda Group is close to forming an alliance with Sony. The deal will provide Wanda with minority stakes in several of Sony's films.

China’s LeTV to Establish US$200 Million Film Production Fund in the U.S

Sami Ghanmi |

Oct 12, 2014 09:18 AM EDT

LeTV continues to invest in its homeland and in the U.S in an effort to meet the country’s increasing demand for video entertainment.

AMC Budgets US$600M to Provide Cushy Reclining Seats in Theaters

Christl Leong |

Jul 08, 2014 11:21 AM EDT

AMC Entertainment Holdings Inc will spend $600 million to revamp 5,000 of its theaters to feature fully reclining La-Z Boy type seats in an attempt to increase ticket sales and attendance.