Will China's Wanda Group Bail Out AMC Theatres?

The conglomerate, AMC's largest shareholder, issued a statement in Beijing dismissing talk of the theater chain's possible bankruptcy as"pure rumor," sparking questions about whether it could step in to execute a rescue.

"The recent online media speculation that Wanda's AMC is filing for bankruptcy is pure rumor,” Wanda said Tuesday in a statement on its Chinese-language website hours after theThe statement out of Beijing reignites an urgent question for AMC shareholders and industry watchers alike: Could Wanda, headed by mercurial billionaire Wang Jianlin, move to execute a last-minute rescue?

"You have a perfect storm of conditions to prevent Wanda from bailing out AMC in this situation," notes Stephen Saltzman, chair of the Asia entertainment practice at law firm Paul Hastings.

Since that period, Donald Trump's trade war with China has only further dampened enthusiasm in Beijing for outbound investment into the U.S. entertainment and media sectors.

Maldita China, contamina o mundo com o corona vírus (vírus chinês) quebra o mundo com o corona vírus (vírus chinês) e compra o mundo em frangalhos!!

Bring back drive in movies

Yes! Save AMC, Wanda!

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