AMC Entertainment Holdings, Inc. is the world’s largest movie theatre chain, with headquarters in Leawood, Kansas. AMC Theatres, which was founded in 1920, has the greatest market share in the United States, ahead of Regal and Cinemark Theatres.
It became the world’s largest movie theatre chain after acquiring Odeon Cinemas, UCI Cinemas, and Carmike Cinemas in 2016. In Europe, it has 2,866 screens in 358 theatres, while in the United States, it has 7,967 screens in 620 theatres.
The company is registered on the New York Stock Exchange, and Wanda Group, a Chinese conglomerate, owned a majority share in it from 2012 to 2018. AMC theatre received a $600 million investment from private equity company Silver Lake Partners in September 2018, although the voting power of AMC shares is structured in such a way that Wanda Group still controls the majority of the board of directors.
Due to additional financing by AMC and Silver Lake converting its $600 million debt holding to stock after a short squeeze, Wanda’s shareholding was increasingly diluted in January 2021, despite financial downturns induced by the COVID-19 epidemic. Wanda converted its Class B shares to Class A shares in early February 2021, decreasing its voting power.
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