Monday, May 21, 2012

China firm buys AMC to form world's largest cinema chain

 

China's Dalian Wanda Group and AMC Entertainment announced Monday a $2.6 billion deal to take over the U.S. theater group, forming the world's largest cinema chain, according to a new release on the deal.

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Under the new U.S.-China deal, more IMAX or 3D films are being allowed into China.