AMC Entertainment Holdings Inc.’s $1.1 billion deal to acquire Carmike Cinemas Inc. is on the verge of collapse, a setback for Chinese billionaire Wang Jianlin’s plans to build the world’s largest movie theater chain...
AMC Merger Pushback
The No. 1 priority for a public company is to act in the best interest of its owners. But what happens when the board and shareholders disagree on what that means? This is the pickle Carmike Cinemas is in. The movie...
AMC Entertainment to buy Carmike in deal valued at $1.1 billion
AMC Entertainment Holdings (AMC.N) will acquire Carmike Cinemas Inc (CKEC.O) in a deal valued at about $1.1 billion, including debt, making the combined company the largest U.S. theater chain. Chinese property and...
RBNL in talks with firms for stake sale
After exiting the movie exhibition business by selling Big Cinemas to the Carnival Group in 2014, Anil Ambani is now looking to monetise the broadcast business. Sources close to the company have revealed that the...
One more Acquisition by Inox Leisure LTD
In line with its strategy to expand its footprint in India, multiplex chain INOX Leisure Ltd (INOX) has acquired Satyam Cineplexes Ltd. This is Inox’s third acquisition since 2007 when it acquired Kolkata’s Calcutta...
AMC wins U.S. approval to buy Starplex theaters
AMC Entertainment Holdings Inc (AMC.N) has won U.S. antitrust approval to buy Starplex Cinemas on condition that it sell one theater in Connecticut and one in New Jersey, the Justice Department said on Tuesday. The deal...
PVR STRENGTHENS ITS POSITION
The Indian film industry is one of the largest globally with a renowned history. Since last year, big players in the industry like INOX, Carnival etc. started making acquisitions. Now another big player, PVR has...
The Sunshine Sector of the Country
At a time when India is taking strident steps on the global stage, the Media and Entertainment (M&E) industry offers tremendous growth potential and exciting investment opportunities not only to domestic investors...
INOX’s Buyout Of Satyam Cineplexes Hits Roadblock
In a bid to expand its footprint across the country, multiplex chain INOX Leisure Ltd (INOX) had proposed to acquire Satyam Cineplexes Ltd in July 2014 for Rs 182 crore. Satyam has nine multiplexes, including three in...