- Joined
- Aug 26, 2011
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- 9,941
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Unclear, Wanda's experienced the same type or similar amount of central government/regulatory scrutiny as some mainland big tech/fintech hybrids. Certainly some, yet most mainland and east Asian analysts view Wanda's AMC divestiture spurred on by the central government general push for mainland companies to pull back from western market investments. However, Wang's also viewed as being relatively close with the central party boys and less apt to rock the boat which feeds him and the families of Xi, Li, et al.Seems like a crackdown from CCP on a number of companies. Certainly financial and tech. It wouldn't surprise me if that extended to AMC for political reasons.
I am interested in the future of the movie theater business. Noticed that my local Regal was being refurbished when I stopped by the plaza where it is located last weekend. Has Hollywood been holding on to some expected blockbusters waiting for everything to open full tilt? Maybe.
Concurrently, Wanda may not believe the AMC hype. WIth a small amount of AMC for sh|ts and giggles, it's interesting observing AMC. No impact on maintaining hedges on non-cash USD, SGD, HKD, AUD, CAD, and CHF holdings, but the latter will more than diminish any effects of the Redditors' projected massive AMC squeeze. GME to boot!
Movie theaters? No clue, not interested and haven't gone to a theater since about 2012 in HK nor recall many legitimate blockbusters in subsequent years. Typically, our Malaysian network gizmo enables viewing US films before their US launch in the comforts of home. Hope some theaters rebound for the sake of the economy, jobs when unemployment add-ons gradually end, and for people who like to go to theaters.