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China's Wanda Doubles Down on Cinema Construction Amid Pandemic

China virus pandemic Coronavirus
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www.hollywoodreporter.com
hollywoodreporter.com:

With movie theaters shuttered worldwide in the wake of the coronavirus pandemic, the theatrical film business has never looked more precarious.

But that's not stopping China's largest exhibition company from doubling down on cinema construction. Chinese billionaire Wang Jianlin's Dalian Wanda Group said in a recent company report that it plans to build 162 new cinemas with a total of 1,258 screens over the next two years.

The bold construction target comes amid a slew of challenges for Wanda's publicly traded film unit, not all of them linked to the virus epidemic that has idled China's movie theaters since late January.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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