AMC Entertainment to Acquire Largest Theatre Operator in Nordic Europe As Wanda Expands Influence in European Film Market
23.01.2017
AMC Theatres announced today that it has entered into a definitive agreement to acquire the largest cinema operator in Nordic Europe, Stockholm-based Nordic Cinema Group Holding AB (“Nordic”), with US$930 million.
After acquiring Europe’s largest cinema line Odeon & UCI, it is the second acquisition AMC made in Europe, further expanding Wanda’s influence in the European film market.
Nordic has 118 cinemas and 664 screens in nearly 50 large and medium-sized cities in the Nordic and Baltic nations. Nordic's theatres are number one in market share in Sweden, Finland, Estonia, Norway, Latvia and Lithuania.
The combination with Nordic will result in AMC’s hitting the never before reached milestones of 1,000 theatres and 11,000 screens in 15 countries. This will further strengthen AMC's current position of being the largest cinema operator in the world.
Except for Wanda Cinemas across China, Wanda Group also processes AMC in the US, Carmike and Hoyts in Australia, as well as Odeon & UCI and Nordic in Europe. Wanda operates 1,470 cinemas and more than 15,000 screens. After acquiring Nordic, Wanda is one step closer to reaching the goal of taking 20% of world’s film market share.