AMC Acquired By Chinese Wanda Group | KCUR

AMC Acquired By Chinese Wanda Group

May 22, 2012

China-based Dailan Wanda Group Corp. has acquired Kansas City-based AMC Entertainment in a $2.6 billion deal.

Dailan Wanda Group, a private conglomerate whose holdings include commercial real estate, luxury hotels, department stores and cultural businesses owns 86 theaters in China. The Wanda Group plans to invest up to $500 million in AMC.

In the first portion of Monday's Up to Date, guest host Brian Ellison talks with Kansas City Star development reporter Kevin Collison about the purchase, what it means for the future of AMC, and if the company still plans to move to Leawood, KS.