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China’s Wanda Group Sells Stake To Movie & TV Producer Ruyi Holdings To Pay Down Debt
Dalian Wanda Group is promoting a 49% stake in its funding arm to native movie and TV producer China Ruyi Holdings in an on-going effort to scale back debt. Wanda Funding owns a 20% stake within the group’s Shenzhen-listed leisure division Wanda Movie, which operates a cinema chain in China, funds Chinese language movies and retains a stake in Dune producer Legendary Leisure. Learn extra Deadline
Document-Shattering $35 Million Debut for “Oppenheimer” Lifts IMAX to High-5 Weekend All Time at World Field Workplace
IMAX exploded to one of many Firm’s largest weekends ever on the international field workplace on the power of Christopher Nolan’s “Oppenheimer”, delivering a large $35 million debut on solely 740 screens worldwide. In North America, “Oppenheimer” opened to $21.1 million — an IMAX-record 26.2% of the Home field workplace from solely 411 screens. The determine marked a whopping $51,000 per display screen common for the movie at IMAX areas in the US and Canada. Learn extra PR Newswire
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