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By purchasing America's second largest cinema chain, Dalian Wanda Group now owns American's 2nd largest movie theater the AMC Entertainment group foreign takeover yet by a private Chinese company. However the fact remains that why would a Chinese company be interested in a market like US where growth has been flat and for all the hype " movie making business is not really a big profit churner , as the financial risks are too high , the number of blockbuster hits coming out of US has been nothing to boast off
However these much more to this that " financial profits". Its like an apple iphone, which has become an American icon world over, ever mind the factories where its churned out are at Taiwan and China ..Taking over US Movie Theatres in US, by Chinese is akin to the same thing
Dalian Wanda's takeover is a kind of " Cultural Perestroika " which Chinese would use as a platform for increasing its own film industry " with a large US audience" ( remember Hidden Dragon and Crouching Tiger
Just as Chinese goods have flooded American markets. China wishes to expand its own cultural horizon, along with markets with deep pockets and keep its rapidly growing economy hungry for more .