Chinese-language media reports that Huayi Brothers is selling its 90.5% stake in GDC Technology, the leading Asian cinema server and equipment vendor [PDF link to financial filing here]. Huayi announced on 3 September that it’s wholly-owned subsidiary Huayi International Investment…
The rivalry between the Dalien Wanda and Huayi Brothers is intensifying, with Huayi investing CNY ¥78.85 million (USD $11.5 million) for 95 million shares in Dadi Cinemas, China’s second largest cinema chain. The deal gives Huayi Bros a 4.56% stake…
In 2011 the average ticket price in China was CNY ¥37 (USD $5.62) but by 2015 this had fallen to nearly CNY ¥35 (USD $5.32) despite the growth of Imax and premium screens and the increase in cinema ticket prices…
‘It’s going to be impossible in the 21st century for anyone to think about anything without a Chinese aspect.’ – Sir David Tang (bit.ly/1FRy1Zu) BREAKING NEWS: Wanda is rumoured to be acquiring Top 10 exhibitor Jin Yi Cinema and data platform Yi…
Wanda Cinemas has been given the OK for an IPO in China in its second attempt. So much for all of our conspiracy theories that it would list elsewhere. Wanda Cinema Line Co. Ltd., a movie theater company controlled by…
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