AMC Bought by Chinese Conglomerate

The Wanda Group, a Chinese conglomerate with extensive interests in the entertainment business, has agreed to acquire AMC Entertainment, North America’s second-largest movie theater owner, in a deal that is valued at $2.6 billion, including roughly $2 billion in assumed debt, the companies said Sunday.

A friend of mine wonders if this means the Chinese will help in curbing piracy in China. Who knows. Pirates will be pirates.