Wanda Cinemas () is a cinema operator in China, headquartered in the
Wanda Plaza (
万达广场) in
Chaoyang District,
Beijing
}
Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...
.
[联系我们]
" Wanda Cinemas. Retrieved on January 3, 2015. "公司地址:北京市朝阳区建国路93号 万达广场B座11层" It is a part of the
Dalian Wanda Group
Wanda Group (), or the Dalian Wanda Group (), is a Chinese multinational conglomerate founded in Dalian, Liaoning and headquartered in Beijing. It is a private property developer and owner of Wanda Cinemas and the Hoyts Group.
With invest ...
. As of 2014
Wang Jianlin
Wang Jianlin (; born 24 October 1954) is a Chinese business magnate, investor and philanthropist. He is the founder of Dalian Wanda Group, China's largest real estate development company, and the world's largest movie theater operator. He previous ...
is the head of the company.
[Agencies.]
China mogul's cinema chain gets nod for mainland IPO
" ''China Daily
''China Daily'' () is an English-language daily newspaper owned by the Central Propaganda Department of the Chinese Communist Party.
Overview
''China Daily'' has the widest print circulation of any English-language newspaper in China. T ...
''. December 1, 2014. Retrieved on January 4, 2015
Alternate link
As of January 2018, Wanda Cinema remained China's largest film distributor.
[ Some locations are named Wanda International Cinemas () with Hollywood and Chinese movies as the main menu.
As January, 2018, Wanda Cinema had 525 cinemas with 4648 screens worldwide. The revenue in 2017 is 13.2 billion yuan.
]
History
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
The China Securities Regulatory Commission (CSRC) is a government ministry of the State Council of the People's Republic of China (PRC). It is the main regulator of the securities industry in China.
History
China's first Securities Law was ...
gave approval for the company's IPO
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...
.[ In 2015 it was again the largest cinema chain by box office gross, with , 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
Australian(s) may refer to:
Australia
* Australia, a country
* Australians, citizens of the Commonwealth of Australia
** European Australians
** Anglo-Celtic Australians, Australians descended principally from British colonists
** Aboriginal Au ...
cinema chain Hoyts
The Hoyts Group of companies in Australia and New Zealand includes Hoyts Cinemas and Val Morgan. Hoyts operates more than 450 cinema screens and 55,000 seats, making it Australia's second largest movie exhibitor after Event Hospita ...
. On July 27, 2016, the company announced it would acquire film website Mtime.
In 2016, the total box office of Wanda Cinema is 7.6 billion RMB, with a 20.5% increasing.
As of April 2017, Wanda Cinema remained China's largest film distributor.[ The '']Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
'' reported on April 1, 2017, that Wanda Cinema had "reported a 7.5 per cent year-on-year increase in annual net profit."
In November 2017, Wanda Cinemas won the 2017 "China Top 100 Enterprises Award ".
On February 5, Wanda Group signed a strategic investment agreement with Alibaba Group and Cultural Investment Holdings. The 2 parties will invest 7.8 billion yuan for Wanda Film Holding's 12.77% stake. Of which, Alibaba invests 4.68 billion yuan and CIS invests 3.12 billion yuan, becoming the second and third largest shareholders after transaction. Wanda Group remains the controlling shareholder with 48.09% of shares in Wanda Film.
On June 25, 2018, Wanda has unveiled plans to consolidate its film and entertainment businesses with the aim of boosting production of films, television and games. In a company notice issued to the Shenzhen Stock Exchange, Wanda Film Holdings, a subsidiary of Dalian Wanda Group, said it plans to acquire a 96.83% stake of Wanda Media from the company's 21 shareholders at a price of 11.6 billion yuan ($1.77 billion) via cash payment and share issue.
Facilities and operations
Wanda Cinemas is headquartered in the Wanda Plaza in Chaoyang District, Beijing
}
Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...
.[ Beijing CBD Wanda Plaza houses the company headquarters and includes the Beijing CBD Wanda Cinemas (北京万达电影城CBD店).
Some locations are named Wanda International Cinemas. As of 2016, it has a total of 2,789 screens in 320 theaters in China, Australia and New Zealand.] As of June 2016, it was the largest exhibitor in China, with 2,700 screens in 311 theaters.
In 2018, Shanghai Wujiaochang Wanda Cinema introduced the very first LED cinema screen in China. The LED cinema screen has a width of nearly 10.3 meters, ultra-clear 4K resolution, with its peak brightness 10 times higher than traditional projection equipment.
See also
*List of cinema and movie theater chains
This is a list of movie theater chains across the world. The chains of movie theaters are listed alphabetically by continent and then by country.
Global cinema chains
The following are the world's largest movie theatre chains:
Africa
...
* List of IMAX venues
References
External links
Wanda Cinemas
Wanda Cinemas
{{Cinema chains in China
Cinema chains in China
Companies based in Beijing
Chaoyang District, Beijing
Chinese companies established in 2005
Entertainment companies established in 2005
Chinese brands
Dalian Wanda Group
Companies listed on the Shenzhen Stock Exchange