"AMC Entertainment Chief Executive Gerry Lopez said the Chinese conglomerate poised to take over the nation's second largest theater chain would provide needed debt relief and resources to upgrade many of its cinemas across the country.
"We're going from a group of five financial owners -- private equity funds -- to a single strategic, long-term buyer who happens to love this business and who is already in this business," Lopez said in an interview Thursday. "For us, this is nothing but great news."
After a year of talks, Dalian Wanda Group, China's largest theater operator, reached a deal last weekend to buy Kansas City, Mo.-based AMC Entertainment for $2.6 billion. The pairing, which is subject to regulatory approval, would create what the companies said would be the world's largest cinema operator, with 420 theaters and 5,800 screens in the world's two largest film markets..."
They are claiming that employees need not worry, they are there to improve not remove.
I hope they lower the price of admission and items at the Concession Stands.
HEY ONE CAN DREAM, CAN'T ONE?
No comments:
Post a Comment