Who controls the American movie business? With its latest acquisition, it looks like a Chinese firm is trying to plant its flag in how Americans digest film culture.
Wanda Cinema Line, a unit of China's leading property developer Dalian Wanda Group, plans to acquire the entire stake in Hoyts Group, a leading chain cinema operator in Australia, via a wholly-owned subsidiary.
Alibaba's B2C platform Tmall.com is about to open a new channel for Chinese moviegoers to acquire exclusive Disney products.
3D technologies company RealD Inc. has signed a deal to expand its technologies across 50 more theaters in China.