But Wanda’s room for maneuver may be limited. © Copyright 2020 Variety Media, LLC, a subsidiary of Penske Business Media, LLC. It failed in its attempt to buy Dick Clark Productions, but in 2016 agreed to pay up to $3.5 billion for Legendary Entertainment. Commerce Policy | Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). Will the Last Multiplex to Leave Please Shut Off the Projector Light? And with wholly-owned subsidiaries Minehut, the avid Minecraft community of nearly 400,000, and Framerate, one of the largest independent social video networks in esports and gaming, in addition to their partnerships with high-profile venue owners such as Topgolf, Cinemark Theatres, and numerous independent fast-casual restaurants, Super League is committed to supporting the development of grassroots player communities all while providing a global framework for competition and community engagement. Stock Advisor launched in February of 2002. Imperial Capital analyst David Miller downgraded AMC Entertainment stock from an outperform rating to an in-line rating. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. There's no news yet, however, as to when exactly the theaters will reopen. Bullishness for the company's shares on Wednesday may simply be due to the analyst noting that AMC has a chance of not going bankrupt. Additional risks and uncertainties that could affect our financial results are included in the section titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our prospectus dated February 25, 2019, our Quarterly Report on Form 10-Q for the quarter ended September 30, 2019 and other filings that we make from time to time with the Securities and Exchange Commission which are available on the SEC’s website at www.sec.gov. Yet the S&P 500 fell 2.2%. It trimmed its stake when AMC had its New York Stock Exchange IPO in 2013. Find the latest Wanda Sports Group Company Limi (WSG) stock quote, history, news and other vital information to help you with your stock trading and investing. AMC stock's rise comes even as an analyst lowered his price target for the stock. It acquired a large Beverly Hills property that it once touted as its movie sector headquarters, and said that it would also like to buy equity stakes in Hollywood studios. All rights reserved. At its high point, Wanda’s worldwide collection of cinemas is understood to have numbered 15,700 screens. RGC: Get the latest Regal Entertainment Group stock price and detailed information including RGC news, historical charts and realtime prices. AMC stock's rise comes even as an analyst lowered his price target for the stock. In addition to AMC, Wanda bought Australia’s Hoyts cinema chain. The analyst's commentary comes shortly after the New York Post reported (citing an unnamed insider) that AMC was potentially exploring bankruptcy. Wanda paid $2.6 billion in 2012 to buy AMC outright. Forward-looking statements in this communication include, among other things, statements about our possible or assumed business strategies, potential growth opportunities, new products and potential market opportunities. Now passionate players will see their local movie theatre serve as a competitive and social playing field for the video games they love. Wanda was additionally required to cut its debt burden. SANTA MONICA, Calif., Jan. 14, 2020 (GLOBE NEWSWIRE) -- Super League Gaming  (Nasdaq: SLGG), the global leader in competitive amateur gaming, today announced a historic new partnership with Wanda Cinemas Games, a subsidiary of Chinese media conglomerate Wanda Media. Wall Street securities analysts are now divided as to whether AMC is past redemption or can still negotiate its way out of trouble. Between 2012 and 2017 Wanda had been a voracious bidder for Hollywood and other movie industry assets. ... and the uncertain long-term future of the cinema business. Sign Broadcasting Deal for The Esports Combine™, Super League Gaming Launches Halloween Spooktacular Experience in Minehut for Minecraft Community, SUPER LEAGUE GAMING + HIT PARADER Join Forces to Launch the First-Ever Global ROCK N’ JOCK Esports Tournament, Super League Gaming to Present at the 9th Annual Gateway Conference on September 10, 2020, Topgolf and Super League Gaming Tee Off WGT Live Series Championship Aug. 29, Super League Gaming Announces Pricing of $8.4 Million Underwritten Public Offering of Common Stock, Super League Gaming to Present at The LD 500 Virtual Conference. The entertainment company's stock rose about 10.6% by the time the market closed. Contacted by Variety on Tuesday, Wanda offered no comment. Follow him on Twitter to get links to his articles, quotes from books he reads, and a look at the sources that inspire him. And in September 2018, Wanda agreed a deal with Silver Lake Capital that further cut Wanda’s holding from 60% to 38%. Market data powered by FactSet and Web Financial Group. Wanda’s statement gave no indication of its thinking about its options, such as whether it intends to provide a financial lifeline to AMC to stave off bankruptcy, if it might negotiate with other shareholders to mount a rescue, or whether it would be forced to watch its overseas cinema empire implode. Forward-Looking StatementsSafe Harbor Statement under the Private Securities Litigation Reform Act of 1995. In addition, Miller gave the stock a 12-month price target of $2, down from $7 previously. As a global leader in providing live and digital esports entertainment directly to the more than two billion everyday gamers around the world, Super League operates premium in-person tournament and game play experiences. “Joining forces with Wanda, the world’s biggest entertainment provider, to bring quality play, events, and content to those passionate players transforms the size of our servable market. Super League Network produces daily content celebrating epic game play on all major platforms including YouTube, Twitch, Instagram, live streaming, and video-on-demand. Shares of movie-theater business AMC Entertainment (NYSE:AMC) jumped on Wednesday, even as the market declined. 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Daniel Sparks is a senior technology specialist at The Motley Fool. Risks and uncertainties include, among other things, our ability to implement our plans, forecasts and other expectations with respect our business; unknown liabilities; attracting new customers and maintaining and expanding our existing customer base; our ability to scale and update our platform to respond to customers’ needs and rapid technological change; increased competition on our market and our ability to compete effectively, and expansion of our operations and increased adoption of our platform internationally. Find the latest WANDA FILM HOLDING (002739.SZ) stock quote, history, news and other vital information to help you with your stock trading and investing. This news from Variety about Wanda Group likely also played a role in AMC stock rising on Wednesday. Editor's note: In addition to an analyst saying he believed AMC Entertainment wouldn't go bankrupt, AMC's largest shareholder, Dalian Wanda Group, said that reports that AMC was considering filing for bankruptcy protection simply represented speculation and rumors, according to a March 15 Variety article. As one of the world's leading game publishers Wanda Cinemas Games devote to combining research and development and distribution integration committed to the development of web and mobile games. With this significant new venture, Super League greatly expands their reach into the world’s biggest market of 1.2 billion gamers -- more than the entire population of the United States. Wanda paid $2.6 billion in 2012 to buy AMC outright. On its first day of trading its stock price jumped 44% to RMB ¥30.74 (USD $4.96 or EUR €4.45), the maximum opening day increase allowed by the exchange. On Tuesday, AMC stock traded 5% higher, finishing at $2.18 per share. Wanda Cinema Line Co., whose shares have been halted since late February, surged by the 10 percent daily limit after it resumed trading on Monday as … The IPO for Wanda Cinema Line fared much better when the stock was listed at RMB ¥21.35 (USD $3.44 or EUR €3.09) on the Shenzhen Stock Exchange one month later on Jan 22, 2015. Why AMC Entertainment Stock Sank 19.9% in September. Wanda Cinemas Games formed in 2009, which is a wholly-owned subsidiary of Wanda Cinemas, one of the earliest Chinese companies focused on social game industry with one of … View real-time stock prices and stock quotes for a full financial overview.

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