22 May 2012

US cinema chain bought by China

12:36 pm on 22 May 2012

Wanda Group of China has agreed to buy US cinema chain AMC Entertainment for $US2.6 billion, making it the world's biggest operator of movie theatres.

The deal gives Wanda access to more than 5000 screens operated by AMC, mainly in the United States and Canada.

Wanda says it will invest another $US500 million in the theatre chain