:popcorn:
snip~
BEIJING — A Chinese conglomerate announced Monday it will buy a major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion in China's biggest takeover of an American company to date.
Dalian Wanda Group Co.'s purchase reflects the global ambitions of a wave of cash-rich Chinese companies that are using acquisitions to speed their expansion by obtaining foreign skills and brand names.
Wanda said the deal will create the world's biggest movie theater operator. The Beijing-based company said it will invest an additional $500 million to fund AMC's development. AMC operates 346 cinemas, mostly in the United States and Canada, and says it has 23 of the 50 highest-grossing U.S. outlets.
more @
http://xfinity.comcast.net/articles/entertainment/20120521/AS.China.US.Cinema.Chain/?cid=hero_media (http://xfinity.comcast.net/articles/entertainment/20120521/AS.China.US.Cinema.Chain/?cid=hero_media)
Hmm... Maybe that's why Dish Network is ditching AMC... Good for Dish, bad for John Wayne fans.