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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 (万达广场) in Chaoyang District , Beijing
Beijing
. It is a part of the Dalian Wanda Group . As of 2014 Wang Jianlin
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).

As of the end of 2016, Wanda Cinema has 401 cinemas with 3564 screens worldwide.

CONTENTS

* 1 History * 2 Facilities and operations * 3 See also * 4 References * 5 External links

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 gave approval for the company's IPO
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
Wanda Cinemas
announced that it had acquired Australian cinema chain Hoyts
Hoyts
. 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 reported on April 1, 2017 that Wanda Cinema had "reported a 7.5 per cent year-on-year increase in annual net profit."

FACILITIES AND OPERATIONS

Wanda International Cinema in Yinzhou District , Ningbo

Wanda Cinemas
Wanda Cinemas
is headquartered in the Wanda Plaza in Chaoyang District , Beijing
Beijing
. Beijing
Beijing
CBD Wanda Plaza houses the company headquarters and includes the Beijing
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.

SEE ALSO

* List of cinema and movie theater chains * List of IMAX venues

REFERENCES

* ^ A B "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" * ^ A B Agencies. " China
China
mogul\'s cinema chain gets nod for mainland IPO." China
China
Daily . December 1, 2014. Retrieved on January 4, 2015. Alternate link. * ^ A B C Fei Ju, Sherry; Clover, Charles (April 1, 2017). "China’s Hollywood war chest threatened by poor ticket sales". Financial Times . Retrieved April 3, 2017. * ^ "万达院线正式发布2016年年度报告-万达院线". www.wandacinemas.com. Retrieved 2017-07-29. * ^ "公司简介-万达院线". www.wandacinemas.com. Retrieved 2017-07-29. * ^ "Company Profile". Official Website of Wanda Cinemas
Wanda Cinemas
(in Chinese). Retrieved 6 June 2015. * ^ A B C Spangler, Todd (July 27, 2016). " Wanda Cinemas
Wanda Cinemas
to Acquire Mtime Chinese Movie E-Commerce Site in $350 Million Deal". Variety . Retrieved July 27, 2016. * ^ Patrick Brzeski (December 17, 2015). "Box Office: \'Star Wars\' Is An Unknown Force in China". The Hollywood Reporter . Retrieved December 17, 2015. * ^ Matthew Miller (2 June 2015). "China\'s Dalian Wanda buys Australian
Australian
cinema chain Hoyts". Reuters. Retrieved 3 June 2015. * ^ "商户分布" (Archived 2015-01-06 at WebCite ). Beijing
Beijing
CBD Wanda Plaza. Retrieved on January 6, 2015. * ^ "北京万达电影城CBD店." mtime.com . Retrieved on January 6, 2015. "朝阳区建国路93号万达广场三层" * ^ Giardina, Carolyn (June 22, 2016). "Wanda Opens Asia’s First Dolby Cinema Theater". The Hollywood Reporter . Retrieved June 23, 2016.

EXTERNAL LINKS

Wikimedia Commons has media related to WANDA CINEMAS .

* Wanda Cinemas
Wanda Cinemas
(in simplified Chinese) * Wanda Cinemas
Wanda Cinemas
(in English)

* v * t * e

Wanda Group
Wanda Group

ENTERTAINMENT

AMC

.