China’s Wanda Group Sells Stake To Film & TV Producer Ruyi Holdings To Pay Down Debt
Dalian Wanda Group is selling a 49% stake in its investment arm to local film and TV producer China Ruyi Holdings in an on-going effort to reduce debt. Wanda Investment owns a 20% stake in the group’s Shenzhen-listed entertainment division Wanda Film, which operates a cinema chain in China, finances Chinese films and retains a stake in Dune producer Legendary Entertainment. Read more Deadline
Record-Shattering $35 Million Debut for “Oppenheimer” Lifts IMAX to Top-Five Weekend All Time at Global Box Office
IMAX exploded to one of the Company’s biggest weekends ever at the global box office on the strength of Christopher Nolan’s “Oppenheimer”, delivering a massive $35 million debut on only 740 screens worldwide. In North America, “Oppenheimer” opened to $21.1 million — an IMAX-record 26.2% of the Domestic box office from only 411 screens. The figure marked a whopping $51,000 per screen average for the film at IMAX locations in the United States and Canada. Read more PR Newswire
