As relations between the U.S. and China grow increasingly fraught, Beijing is trying out ridicule to press its case.
15.04.2020 - 10:33 / variety.com
By Patrick Frater
Asia Bureau Chief
China’s Dalian Wanda has dismissed talk of the imminent bankruptcy of AMC Theaters as “pure rumors.” The coronavirus outbreak has kept all North American cinemas closed since March.
The Chinese property conglomerate has seen its entertainment investments slashed since 2018. But it remains publicly-traded AMC’s largest single shareholder.
Contacted by Variety on Tuesday, Wanda offered no comment. However, later in the day the privately-held company updated
As relations between the U.S. and China grow increasingly fraught, Beijing is trying out ridicule to press its case.
By Tom Grater
With movie theaters shuttered worldwide in the wake of the coronavirus pandemic, the theatrical film business has never looked more precarious. But that's not stopping China's largest exhibition company from doubling down on cinema construction.
By Nancy Tartaglione
Kim Jong-un, who has been the Supreme Leader of North Korea since 2011, has reportedly died at the age of 36.
The central Chinese city of Wuhan has revised its coronavirus death toll to 3,869, increasing the number of fatalities by 1,290.
The emerging narrative on Wall Street about AMC Theatres, North America's largest cinema circuit, is that the company may be on the brink of bankruptcy amid the coronavirus pandemic. The theater chain's hefty debt load is trading at highly distressed levels, and analysts have sounded the alarm that "AMC has minimal liquidity options to make it through" the virus crisis, recommending investors sell off stock before the exhibition giant files for Chapter 11 protection.