![]() ![]() By 2021, Wanda had given up a majority stake in the company and had a voting stake of 9.8 percent as of last March. ![]() In 2012, Wanda acquired a majority stake in AMC for $2.6 billion. The lawsuit, filed in the Delaware Court of Chancery in April 2019, accused Wanda and the company’s board of directors of breaches of fiduciary duty and Silver Lake of assisting them.Īttorneys for the AMC investors agreed not to seek more than $4.2 million in fees, according to the SEC filing. Responding to the regulatory shift required Wanda to significantly reduce its outstanding debt.” Starting in the spring of 2017, Chinese regulators began a crackdown on highly leveraged Chinese companies, including Wanda. Save up to 40 on movie tickets valid at any AMC Theatres location in the. “Rather, they were designed to solve a problem for AMC’s controller, Wanda, and Wanda’s controller, Wang. AAA members can save on AMC, Regal, Cinemark, and Showcase Cinemas tickets. “The transactions were not driven by the needs of the company or its public stockholders,” reads the complaint. After that time Universal has the option to make such titles available on PVOD. They weren’t allowed to vote on the deal. Universal and Focus Features releases will play at AMC theaters for a 17-day exclusive theatrical window. The deal gave Silver Lake a seat on AMC’s board and reduced Wanda’s ownership stake to 50.01 percent.ĪMC investors claimed that the company’s directors, Wanda and Silver Lake entered into the agreement to help Wanda owner Wang Jianlin, who was under pressure from Chinese regulators to slash debt in overseas holdings. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre. Movie showtimes data provided by Webedia Entertainment and is subject to change. Please contact the theater for more information. Online showtimes not available for this theater at this time. ![]() ![]() 0 movie playing at this theater Sunday, April 16. It then used $421 million of the cash raised from the deal to buy at a premium more than 24 million shares held by Wanda. Universal Cinema AMC at CityWalk Hollywood Showtimes on IMDb: Get local movie times. 100 Universal City Plaza, Universal City CA 91608 (888) 262-4386. In September 2018, AMC sold $600 million worth of convertible notes to private equity firm Silver Lake. The proposed class action revolved around a transaction involving AMC, Wanda and Silver Lake. 'Anne Rice's Mayfair Witches' Renewed at AMC Information and knowledge about the topic amc halloween kills showtimes the best do. ![]()
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