Wanda Cinema Line
 |
|
Headquarters at Beijing CBD Wanda Plaza
|
|
|
Native name
|
万达电影院线股份有限公司 |
|---|---|
| Public | |
| Traded as | : 002739 |
| Industry | Entertainment (cinemas) |
| Founded | 2005 |
| Headquarters | Beijing, China |
|
Key people
|
Zhang Lin (Chairman) |
| Products | Wanda Cinemas |
| Parent | Dalian Wanda Group |
| Subsidiaries | Hoyts |
| Website | www.wandacinemas.com |
| Wanda Cinema Line Corp | |||||||
| Simplified Chinese | 万达电影院线股份有限公司 | ||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 萬達電影院线股份有限公司 | ||||||
|
|||||||
| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Wàndá Diànyǐngyuànxiàn Gǔfènyǒuxiàngōngsī |
Wanda Cinemas (simplified Chinese: 万达院线; traditional Chinese: 萬達院線; pinyin: Wàndá Yuànxiàn) is a cinema operator in China, headquartered in the Wanda Plaza () in Chaoyang District, Beijing. It is a part of the Dalian Wanda Group. As of 2014 Wang Jianlin is the head of the company. As of April 2017, Wanda Cinema remained China's largest film distributor. Some locations are named Wanda International Cinemas (Chinese: 万达国际影城; pinyin: Wàndá Guójì Yǐngchéng).
The company was founded in 2005.
In 2014 the company had 4.2 billion yuan ($681.7 million) in box office revenue, the highest grossing in China. In 2014 the China Securities Regulatory Commission gave approval for the company's IPO. In 2015 it was again the largest cinema chain by box office gross, with US$945 million, representing 14% of the market.
As of 2014, the company had a total of 1,616 screens, including 94 IMAX screens, in 182 cinema complexes in almost 100 cities in China, making it the largest movie theater operator in Asia. As of December 2015, the number of screens has since risen to an estimated 2,000 screens.
In June 2015, Wanda Cinemas announced that it had acquired Australian cinema chain Hoyts. On July 27, 2016, the company announced it would acquire film website Mtime.
As of April 2017, Wanda Cinema remained China's largest film distributor. The Financial Times reported on April 1, 2017 that Wanda Cinema had "reported a 7.5 per cent year-on-year increase in annual net profit," in what was the company's "first single-digit annual increase and the lowest since Wanda Cinema Line first published net profit figures in 2011."
...
Wikipedia