Wang Jianlin – Wikimedia Commons

Dilution takes Dalian Wanda stake in AMC below 10%

Dalian Wanda’s AMC stake falls to less than 10 per cent after dilution, as tycoon Wang Jianlin’s ambition of assembling a global media-to-property flagship runs aground Dalian Wanda Group’s stake in the largest cinema chain in the United States drops to 9.8 per cent, from 23.1 per cent previously Wanda’s loss of control is ‘beneficial’, as the group does not need to take the responsibility for AMC’s liabilities and profit losses, a source said Dalian Wanda Group’s stake in the largest cinema chain in the United States has been diluted…

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Edwardian Cinema

Developer sought to restore big screen ‘magic’ to Edwardian site

The search for an operator is underway to ‘bring the magic of the big screen’ back to a much-loved former cinema. Plans are progressing to bring the former Prescot Picture Palace, a landmark cinema building in the centre of Prescot town, back to life. The long-lost cinema, which first opened in 1912, was the town’s first ever picture house and following its closure in 1958, the premises was used as a warehouse, bingo hall and then a community church. There is now an opportunity for an operator who is interested in…

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Emile Guillemot on Unsplash

When will location-based entertainment fully recover?

The pandemic’s impacts on life, the rate of infections and vaccinations, how long immunity will last, the emergence of new coronavirus variants, and consumers’ comfort returning to different public activities are almost all daily moving targets. But some general trends have emerged for predicting when and to what extent location-based entertainment (LBE) might recover. One thing is for sure. The old normal will not be the new normal. We won’t be going back to the way things were in 2019. Different segments of LBEs will be affected differently. Based on…

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