China firm buys AMC to form world's largest cinema chain

Discussion in 'China' started by W.G.Ewald, May 22, 2012.

  1. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

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    China firm buys AMC to form world's largest cinema chain - CNN.com

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  3. Tronic

    Tronic Stars and Ambassadors Stars and Ambassadors

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    What????? AMC is Chinese now??
     
  4. satish007

    satish007 Senior Member Senior Member

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    no, Chinese just want to more US able to enjoy Bollywood movies
     
  5. Tronic

    Tronic Stars and Ambassadors Stars and Ambassadors

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    Could you please rephrase that?

    (btw, AMC already plays enough bollywood movies in North America).
     
  6. trackwhack

    trackwhack Tihar Jail Banned

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    They just lost my business :lol:
     
  7. Godless-Kafir

    Godless-Kafir DFI Buddha Senior Member

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    USA the protector of democracy sinking deeper into the Communist quagmire of China. :facepalm:
     
  8. ice berg

    ice berg Senior Member Senior Member

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    I will say instead that capitalism prevails. :namaste:
     
  9. satish007

    satish007 Senior Member Senior Member

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    China is the country similar with India, Chinese cannot stand there are so many sex,violence, white supremacy. Bollywood will replace those movies.
     
  10. pmaitra

    pmaitra Moderator Moderator

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    So everytime I go to AMC, I will be filling Chinese coffers eh? I don't go there that often anyway, but now, it'll be, rarely!
     
  11. Tronic

    Tronic Stars and Ambassadors Stars and Ambassadors

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    Well, I doubt they will stop playing movies with sex and violence; it sells! And let's face it, its all about the money! ;)

    Anyways, I was just shocked when I heard the news; I'm indifferent to it. I'll still choose AMC over Famous Players.
     
  12. satish007

    satish007 Senior Member Senior Member

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    good for you, but plese try some news, China will try to privde some Maoist movies, good for the world, looks you don't like Indian movies very much.
     
  13. Tronic

    Tronic Stars and Ambassadors Stars and Ambassadors

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    lol... I don't get it? I just said I will go to AMC regardless of who it is owned by, but seems like you don't want me visiting AMC anymore since it is Chinese owned. :D
     
  14. Armand2REP

    Armand2REP CHINI EXPERT Veteran Member

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    Wanda acquisitions questioned amid high debt ratio

    A fresh round of mergers and acquisitions at Dalian Wanda Group, the largest entertainment firm in China, has triggered speculation about the company's cash flow and motivations given its liability-to-asset ratio of 90%, reports Guangzhou-based newspaper Xin Kuai Bao.

    Amid the stir caused by the announcement of its US$2.6-billion purchase of American cinema operator AMC Entertainment, Wanda signed an agreement to invest up to US$3 billion in Russian resorts during a visit to by Beijing by Vladimir Putin, the Russian president. These two agreements, both signed during visits by high-ranking officials from abroad, have triggered rumors that they were politically motivated.

    The acquisition of AMC brought controversy as the potential value of the deal to Wanda is not immediately obvious. Annual reports from AMC, the second-largest movie theater operator in the US, showed that in the fiscal year to March 29, the company's revenues had come to roughly US$2.6 billion, translating to losses of US$82 million. Its total assets were US$3.64 billion and total debts US$3.48 billion, bringing its liability-to-asset ratio to 95.7%. Last year, AMC posted revenues of US$2.5 billion and losses of US$82.7 million.

    Several investors find it difficult to see the benefits of the deal to Wanda.

    Another question being asked surrounds how and from where Wanda obtained the funding for the deal and other investments, said the newspaper. The Chinese entertainment conglomerate reportedly has close ties with several banks, suggesting that the capital for acquisitions and mergers came mostly from bank loans.

    The Bank of China and the Agricultural Bank of China are Wanda's biggest lenders — in 2010, the Agricultural Bank of China lent the company more than 20 billion yuan (US$3.14 billion).

    Wanda acquisitions questioned amid high debt ratio|Manufacturing|Business|WantChinaTimes.com
     
  15. Armand2REP

    Armand2REP CHINI EXPERT Veteran Member

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    So basically, the company that bought AMC is insolvent so don't be surprised when it goes bankrupt like so many other Chinese acquisitions.
     
  16. ice berg

    ice berg Senior Member Senior Member

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    They are not insolvent as long as they can pay their bills and their assets are more than their debs.
     
  17. Ray

    Ray The Chairman Defence Professionals Moderator

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    Oh wow!

    Fantastic.

    I have had enough of the Wild West cowboy films and mushy romantic junk from Hollywood.

    We will now be able to see the Chinese classics.

    1. Wu, the tractor raises cabbage production by 70%.

    2. Tong, the Lathe machined China's turbines to increase electricity by 89.2%

    3. Pingo Pong game delights the poor peasants in Guizhou.

    4. Mao the Swim man beat white shark in underwater race!
     
  18. amoy

    amoy Senior Member Senior Member

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    I appreciate your sarcasm, about Chinese "proletarian" taste.

    But aren't we (or our parents) mostly consisting of those who grow cabbage, or operate lathe, or play pingpong or swim, from time to time? :thumb: C'est la vie.

    Apart from romances or cowboys in hollybollywood that we've got too used to, maybe it's time to get a bit touch of ordinary people's joy or sorrow, just for a change.
     
    Last edited: Jul 6, 2012

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