Wanda Cinema increased its capital by 300 million yuan, and Bona Film's valuation has reached 16 billion yuan

on May 15, Wanda Cinema announced that the company signed a strategic cooperation agreement with Bona Pictures Group. Wanda Cinema invested 300 million yuan to buy a stake in Bona Pictures, with a shareholding ratio of 1.875%. Based on this calculation, Bona Pictures is currently valued at 16 billion yuan.

Wang Jianlin has a new partner in his film cultural map.

on May 15, Wanda Cinema announced that the company signed a strategic cooperation agreement with Bona Pictures Group. Wanda Cinema invested 300 million yuan to buy a stake in Bona Pictures, with a shareholding ratio of 1.875%. Based on this calculation, Bona Pictures is currently valued at 16 billion yuan. According to the announcement, Bona Pictures added new Bona Cinemas (including new and acquired cinemas) to join Wanda Cinema, and the two sides agreed that all Bona Cinemas under Bona Pictures will join Wanda Cinema from the effective date of this agreement (May 16). After the expiration of the original membership agreement, join Wanda cinema.

the reporter learned that the cooperation between the two sides was actually agreed as early as the end of March.

people familiar with the cooperation told reporters that for Wanda, cooperation with Boehner can make up for its deficiency in content; for Bona Pictures, the number of screenings can be increased with the help of the number of cinemas owned by Wanda cinema in China.

Wanda Cinema's 2016 annual report shows that as of December 31, 2016, the company had 401 studios with 3564 screens. At the end of the year, the membership exceeded 80 million, making it the largest film projection terminal membership system in the world. Compared with the Wanda cinema chain, which has 401 studios, Boehner currently has 39 self-owned cinemas, together with the two that will open in June, a total of 41 cinemas with a total of 338 screens.

Boehner Pictures has previously signed an agreement with IMAX. Bona Pictures plans to open five new cinemas a year from 2017 to 2022, increasing the number of IMAX theaters to 35 from the previous five.

in December 2010, Boehner Pictures officially landed on Nasdaq in the United States, becoming the first Chinese film and television company to be listed in the United States. In June 2015, however, Yu Dong, president of Boehner Pictures, made a decision to delist Boehner from the United States and return to A-shares on the grounds that Boehner's valuation was grossly undervalued. In April 2016, Boehner Pictures completed its privatization and halted its ADS trading on the Nasdaq Stock Exchange.

on December 20, 2016, Bona Film Group officially announced the completion of round A financing with a total size of 2.5 billion yuan. After the completion of round A financing, Bona Pictures was valued at 15 billion yuan. It has nearly tripled from Boehner's valuation of 5.56 billion yuan when he delisted from Nasdaq eight months ago.

Yu Dong once said: "what really made me make up my mind to return to A shares was' outwitting Tiger Mountain'. Boehner has achieved such good results at the box office and received high praise, but the stock price on NASDAQ has been falling. It makes me very sad."

since the founding of Boehner Pictures, a total of 206films have been produced and distributed, with a cumulative box office of 16.447 billion yuan. Among them, three films grossed more than 1 billion yuan at the box office, 9 films grossed more than 500 million, and 38 films grossed more than 100 million. For the whole of 2016, Bona Pictures produced and distributed 13 films, with a total annual box office of 3.7 billion yuan, accounting for 9% of the box office receipts of domestic films in the Chinese film market. On May 3, Bona Pictures announced that the company formally submitted and accepted the application materials for guidance and filing to the Xinjiang Regulatory Bureau of the China Securities Regulatory Commission. At present, Bona Pictures is receiving guidance from CITIC Securities and has entered the mentoring stage of initial public offering and listing.

by the close of trading on the 15th, Wanda Cinema reported 54.11 yuan per share, an increase of 1.56%, with a total market value of 63.541 billion yuan.

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Editor: nancy