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AMC Theatres, With Gwinnett Outlets, Sold To Chinese Firm

$2 billion-plus deal called a 'trophy' acquisition.

AMC Theatres, which has two cinema multiplexes in Gwinnett, has been sold to a Chinese firm for $2.6 billion, according to the Los Angeles Times.

For Dalian Wanda, acquiring AMC gives it a pipeline into two of the world's largest theater markets — and more clout in negotiating with major Hollywood studios eager to expand into the rapidly growing Chinese market, the Times reported.

What changes do you think will come to AMC Theaters? Tell us in the comments below.

AMC operates the Colonial 18 and Discover Mills 18 multiplexes in Lawrenceville. It has a total of 346 multiplexes nationwide.

Last year, China saw a 30 percent increase in box-office sales, to $2.1 billion. This year it passed Japan as the biggest foreign market for Hollywood films.

The AMC acquisition fits China's strategy of forming alliances with American companies to expand its entertainment industry and extend its global influence, or "soft power," the Times reported.

For JPMorgan, Apollo and the other AMC owners, the sale enables them to unload a property they acquired in 2004.

It also adds to the changing scene for Gwinnett movie entertainment. In April, the Movie Tavern, which features casual-dining meals served during performances, opened to rave reviews in Suwanee near I-85.

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vviola June 04, 2012 at 07:08 AM
Well after reading the news of the recent sale for the new Movie Tavern in Suwanee ,GA my Husband, I , our Neighbors, Family, and , MANY Friends are VERY concerned that the best new place in town to go for a fun night out, afoardable & pleasant with wonderful staff, food, and movies.... will all lose the class, and level of quality that it has earned during it's opening with the high standards of value . When cutting corners might come into play to save a buck, here or there now that hands have changed, etc. I assure you this will be most disapointing to many. we are avid movie goers , 2x per wk alone with meals as well. We can only hope if any changes are to be made it would be to better it still and ask for suggestions to do so.... by putting up a specific box . ;) i.e. like having a punch card for meals & after 10 punches .... you get 1 meal free. incentives to buy your food for dinner B/C your food is great!!! ;) But you need to get the word out that your food is great! ;) N what ever you do dont get rid of the pickles ,they are the best thing you've got to snack on!!!!! :) Yum!!!! Thank You, Brenda & Steve Bollinger P.S. The only the to make your chairs more comfy ... ottomans are greatly needed!!!! One for every two chars. Very hard to sit for three hrs. with my legs down, .. I must shift around often. Thank you, Brenda Bollinger ;)
vviola June 04, 2012 at 07:13 AM
after rereading lots of typos hope you can correct.... ;)

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