AMC Entertainment Holdings Considers IPO for Its European Cinemas
AMC Entertainment Holdings Inc. is considering initial public offering (IPO) to raise funds for its theatrical exhibition business in Europe, according to Bloomberg. The company hopes that funds raised through this IPO will help expand its business in Europe as well as reduce its $4.29 billion debt. “We are thinking about having our European theaters go public sometime between July 2018 and April 2019 at the London Stock Exchange. Currently, we are still doing research and preparation for this IPO.” Says Adam Aron, CEO of AMC Entertainment Holdings. For Wanda Group, AMC’s parent company, being able to raise funds outside China might be a relief, as moving money out of China is certainly difficult and stressful at the moment. Read more on Ent Group
Offical Still from ‘The Chinese Widow’
Award Winning Director Bille August’s ‘The Chinese Widow’ Opens in China on November 10
‘The Chinese Widow,’ a Chinese war drama film directed by Danish Academy Award and Palme d’Or winning director Bille August and stars Chinese actress Liu Yifei, will open in Chinese theaters on November 10. ‘The Chinese Widow’ tells the heart-wrenching love story between a WWII American Air Force pilot and a young Chinese widow in China’s Zhejiang Province. On November 9 (Beijing Time), a promotional premiere event of the film took place in Beijing with the director in attendance. Bille August reportedly visited China over 20 times during the development of the film in order to find the best locations for shooting. Read more on Mtime
Chinese Actress Zhao Wei Banned from Securities Markets for Unethical Business Practices
Zhao Wei, one of China’s most popular actresses, has been banned from the securities markets by China Securities Regulatory Commission for five years for spreading fake information to raise funds, according to an announcement from Zhejiang Sunriver Culture. In addition to Zhao Wei, a few other individuals and companies were also banned for involving in the same case. According to the announcement, Longwei Media & Culture, a company owned by Zhao Wei and her husband Huang Youlong, made high-profile announcement on an upcoming acquisition when in fact the company had no serious intention nor sufficient funds to execute the acquisition. The market was misled by the announcement and the acquisition was later abandoned by Longwei Media & Culture. Read more on TMT Post
Pixar’s “Coco” to Premiere on November 17 at Shanghai Disney
‘Coco,’ an animated movie produced by Pixar Animation Studios and Walt Disney Pictures, will premiere on November 17 at the Walt Disney Grand Theatre at Shanghai Disney to warm up its theatrical run in China, which will start on Friday November 24. The producers also announced that a Chinese version of the film’s theme song ‘Remember Me,’ which is written by Academy Award winning songwriters Kristen Anderson-Lopez and Robert Lopez, would be sung by Chinese singer-songwriter Mao Buyi at the premiere event. Brought up in an ordinary Chinese family, Mao Buyi became an up and coming music star in China by participating in and eventually becoming the winner of a popular Chines talent show “The Coming One.” Mao’s story resonates with the story told in ‘Coco.’ Read more on Mtime
