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China’s Wanda Dismisses AMC Theaters Bankruptcy ‘Rumors’
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variety.com
variety.comBy Patrick Frater Asia Bureau Chief China’s Dalian Wanda has dismissed talk of the imminent bankruptcy of AMC Theaters as “pure rumors.” The coronavirus outbreak has kept all North American cinemas closed since March.
The Chinese property conglomerate has seen its entertainment investments slashed since 2018. But it remains publicly-traded AMC’s largest single shareholder.
Contacted by Variety on Tuesday, Wanda offered no comment. However, later in the day the privately-held company updated the Chinese-language section of its corporate website with a large image of a microphone and a one sentence statement about AMC. “Dalian Wanda Group hereby declares that the recent online media speculation that Wanda Media’s AMC cinemas will file for
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