Wanda Group of China buys AMC Entertainment

China takeover of US banks and now Wanda Group of China buys AMC Entertainment

I have been commenting all morning on the Congressmen who seek to lift the propaganda ban and now we'll all soon be able to watch and pay for Chinese propaganda at your local theaters

Anyway, AMC is the second largest U.S. theater chain.

Dalian Wanda Group, a Chinese conglomerate, said in a statement that it had reached an agreement to acquire AMC’s 5,034 screens in 346 theaters in the U.S. and Canada. The Kansas City, Mo., theater chain is owned by several investment firms, including JPMorgan Partners, Apollo Investment Fund and Bain Capital Investors.

The transaction is valued at $2.6 billion and would create the world's largest cinema owner, the companies said in a statement.

Oh, China has a strategy alright...

The AMC acquisition fits China’s strategy of forming alliances with American companies to expand its homegrown entertainment industry and to cater to a burgeoning middle class to extend its global influence or “soft power.”

They must be mistaken... burgeoning middle class??!?!

bur·geon also bour·geon (bûrjn)
intr.v. bur·geoned also bour·geoned, bur·geon·ing also bour·geon·ing, bur·geons also bour·geons
1.
a. To put forth new buds, leaves, or greenery; sprout.
b. To begin to grow or blossom.
2. To grow or develop rapidly.

Maybe the Wanda Group has been misinformed about the middle class of the U.S.? and about the number of people going to the movies...
6 in 10 rarely or never go to the movies nowadays

I wonder what will be next

Chinese Gov. buying up the United States

A quote from the thread/link directly above...

In any event, this is a trend that is rapidly accelerating and that is causing great concern among patriotic Americans.

Watch out for the lady in red



Accelerating indeed