Wanda Cinemas Archives - Celluloid Junkie

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uy box office China

China Cinema Digest – Thursday 11 June 2015

Are box office figures being falsely over-reported to attract audience interest? Sina Entertainment is quite explicit about what the issue is: As of the end of May, China has nearly 17 billion yuan takings at the box office. Such results make the world speechless, but behind there is a simmering uns…

Shanghai Film Group Signs Cinema JV With China’s Retail Giant Bailian

Shanghai Film Group and retail major Bailian Group have thus signed a strategic cooperation agreement to established a 51-49 joint venture investment company for theater chains. State-owned and Shanghai-based Bailian Group is China’s largest retailer and is involved in everything from departme…

Imax Gelfond China

China Cinema Digest – Friday 15 May 2015

‘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 Yan Network (parent company of Arts TU Network a…

Wolf Warriors poster

China Cinema Digest – Thursday 9 April 2015

Heng Ye Film Distribution’s commando action-drama “Wolf Warriors” beat out “Kingsman” over the holiday to earn over CNY ¥200 million (USD $32.5 million) in its first four days on release. In the film, which is playing in China in 3D and Imax, Wu plays a Chinese Special…

Wanda Cinema

China Cinema Digest – Thursday 2 April 2015

Wanda is expecting year-on-year profits to increase by 40% to 60%, with quarterly profit of CNY ¥298 million (USD $48 million), wheres in 2014 its profit was CNY ¥213 million (USD $34.4 million) over the same period. Growth is attributed to funds raised from its IPO speeding up the roll-out of new c…

Wanda Group

China Cinema Digest – Thursday 5 March 2015

Wanda Cinema’s shares have been soaring since their IPO and WinShang looks at how the company is expanding, with presence now in 80 Chinese cities. During the reporting period, the strong momentum in the company’s development, gradually expand the scale theaters, grossing a rapid increas…

Odeon for Sale

UK’s Odeon For Sale Again – Third Time the Charm?

Private equity group Terra Firma has announced that UK/European cinema chain Odeon & UCI Cinema Group (Odeon for short) is for sale. The merged exhibition operation failed to attract bidders willing to match the asking price in both 2011 and 2013 but Terra Firma’s chair Guy Hands is hoping…

China digital cinema satellite

China Cinema Digest – Thursday 12 February 2015

China’s State Administration of Press, Publication, Radio, Film and Television’s (SAPPRFT) Digital Program Management Centre has inaugurated a test NOC for the satellite distribution of DCP copies of films. It is not clear which cinema are participating in this, but it’s one to mon…

Wanda Cinemas Announces 2014 Figures & AAM Tech Deal

Wanda Cinemas has published its first post-IPO figures for they whole of 2014 and they show overall growth in the number of screens and box office, though the exhibitor’s market share has slipped somewhat. Win Business Network reports that: Wanda Cinema’s 2014 box office revenue was 4.21…

Symphony

China Cinema Digest – Thursday 5 February 2015

“Who stole my box office takings?!” Ten Chinese cinemas have been named-and-shamed for operating dual ticketing systems that enabled box office fraud. This is down from 16 in the last quarter of 2014. China The film Distribution and Exhibition Association (the “Association”)…