Cineworld and Regal in Blockbuster Merger to Challenge AMC
- 6 years ago
Cineworld and Regal in Blockbuster Merger to Challenge AMC
The deal would greatly expand the scale and geographic footprint of Cineworld, which primarily operates in Europe,
and create the world’s second-largest movie theater owner to better compete with AMC Entertainment, which is owned by the Chinese conglomerate Dalian Wanda.
The British movie theater owner Cineworld said on Tuesday
that it had agreed to acquire Regal Entertainment Group, one of the biggest cinema operators in the United States, for $3.6 billion.
2” and “Spider-Man: Homecoming.” The latest adaptation of Stephen King’s “It” was also a bright spot this autumn,
but “Justice League,” which brought together some of DC Comics’ biggest heroes, opened to disappointing results in North America last month.
LONDON — The two largest movie theater chains in the United States will soon be owned by foreign companies.
“Consolidation is an important move forward, and the best practice we have successfully
rolled out across Europe will be the key driver to continued success.”
The transaction was announced a week after the companies confirmed they were in advanced discussions to merge.
The deal would greatly expand the scale and geographic footprint of Cineworld, which primarily operates in Europe,
and create the world’s second-largest movie theater owner to better compete with AMC Entertainment, which is owned by the Chinese conglomerate Dalian Wanda.
The British movie theater owner Cineworld said on Tuesday
that it had agreed to acquire Regal Entertainment Group, one of the biggest cinema operators in the United States, for $3.6 billion.
2” and “Spider-Man: Homecoming.” The latest adaptation of Stephen King’s “It” was also a bright spot this autumn,
but “Justice League,” which brought together some of DC Comics’ biggest heroes, opened to disappointing results in North America last month.
LONDON — The two largest movie theater chains in the United States will soon be owned by foreign companies.
“Consolidation is an important move forward, and the best practice we have successfully
rolled out across Europe will be the key driver to continued success.”
The transaction was announced a week after the companies confirmed they were in advanced discussions to merge.