Wanda's US$930 million acquisition of Nordic's largest theater group has a global market share approaching 20%

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At present, Wanda has become the world's largest movie theater theater dealer. In addition to China's Wanda Theater, it has acquired AMC in the United States, Carmichael in the United States, Heis in Australia, Europe's Oudian, and Nordic Theater Group in the world. It currently has a total of 1470 studios and more than 15000 screens. On January 23, AMC, a theater line owned by Wanda Group, announced the acquisition of Nordic Cinema Group, the largest theater line in Northern Europe, for US$930 million.

on January 23rd, AMC, an American cinema chain owned by Wanda Group, announced the acquisition of Nordic Cinema Group (Nordic Cinema Group), the largest cinema line in northern Europe, for US $930 million.

on January 23rd, AMC, a US cinema chain owned by Wanda Group, announced the acquisition of the Nordic Cinema Group (Nordic Cinema Group), the largest cinema line in northern Europe, for US $930 million. This is the second time that AMC has acquired a large cinema chain in Europe after the acquisition of Europe's largest cinema line (Odeon&UCI), making Wanda further expand its influence in the European film market.

according to public data, the Nordic Cinema Group has 118 cinemas and 664 screens in the Nordic region, with cinemas in 50 major and medium-sized cities in northern Europe, ranking first in market share in Sweden, Finland, Estonia, Norway, Latvia and Lithuania. After the acquisition, AMC has 1000 cinemas and 11000 screens in 15 countries in North America and Europe, further expanding its lead as the world's largest single theater chain.

at present, Wanda has become the largest cinema line operator in the world. In addition to China's Wanda cinema line, Wanda has acquired AMC in the United States, Carmichael in the United States, Heyce in Australia, European Europe and Nordic Cinema Group in the world, with a total of 1470 cinemas and more than 15000 screens. With the addition of Nordic cinema chains, Wanda has taken another step towards its goal of occupying 20% of the global film market.

Wang Jianlin said at the 2016 annual meeting that the cultural industry accounted for more than 1/4 of Wanda Group's overall income in 2016, making it a real pillar industry for Wanda.

the film industry currently occupies an important position in the cultural industry. Wang Jianlin said that at present, there are a total of 1352 Wanda studios worldwide, with 14347 screens, accounting for about 12% of the global box office market share.

Wang Jianlin has always been proud that Wanda Group has become the first multinational cinema chain group in the world film history.

in 2012, Wanda Group acquired AMC, the second largest cinema line in the United States, for US $2.6 billion, making Wanda the largest cinema operator in the world. After the merger and acquisition, AMC reversed losses and went public in a short period of time, which also doubled Wanda's investment income within a year and a half.

he said at the 2016 annual meeting of Wanda Group, "when Wanda acquired AMC in the United States, a well-known professor wrote an article of more than 3, 000 words demonstrating that Wanda was bound to fail. He said that there has never been a multinational cinema chain in human history. How can a real estate developer of Wanda succeed? I thought, if it had never been, it would be impossible for human beings to have cars, airplanes and five-star hotels. So some people call some experts' bricks', bricks' bricks'. "

in November 2015, Wanda Cinema spent another 2.2 billion yuan to acquire Hoyts, Australia's second largest cinema chain.

on January 12, 2016, Wanda announced the acquisition of legendary Pictures for no more than $3.5 billion in cash, which is by far the largest overseas cultural merger of a Chinese company.

on March 3rd, AMC, a subsidiary of Wanda Group, acquired Carmichael, another US cinema chain.

on July 12, AMC bought Odeon&UCI Cinema, the largest cinema line in Europe, for 921 million pounds (about 8.094 billion yuan), the first time Wanda has invested in a cinema line in Europe. After the merger, Wanda will control 15 per cent of global box office receipts.

on September 22nd, Wanda Group and MotionPictureGroup, a subsidiary of Sony Pictures Entertainment, announced a strategic partnership. The cooperation includes that Sony Pictures will open up equity investments in Sony films to Wanda in the future, and strive to make participating films show Chinese elements.

Wang Jianlin has always said that he wants to buy one of the six major Hollywood studios, and indeed he has done the same. Earlier, it was reported that Wanda was actively pushing ahead with the acquisition of Paramount in an attempt to acquire a 49 per cent stake in Paramount. But with Philip Dorman, the former president of Viacom, out, the deal stalled.

and at present, none of the six Hollywood giants are willing to sell, so Wang Jianlin can only consider buying shares in the curve.

Wang Jianlin said in a previous interview: "I want to buy one of the big six, but whether I can buy it is another matter. I'm not sure yet. I might start anywhere possible, such as investing in all six companies. "

from the perspective of film markets in major countries and regions around the world, Wanda has completed its layout in North America, China, the United Kingdom, France, Germany, Australia and so on. However, from the perspective of the coverage area, the possibility that Wanda will continue to acquire cinema chains in Japan, South Korea, India, Russia and other countries or regions will not be ruled out in the future.

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Edit: nancy