AMC plans up to 100 theaters in Saudi Arabia by 2030
▻http://www.latimes.com/business/hollywood/la-fi-ct-amc-saudi-arabia-20180404-story.html
AMC Theatres, the world’s largest cinema operator, said Wednesday that it plans to open up to 100 theaters in 25 Saudi Arabian cities by 2030, the latest sign of the chain’s desire to become a major player in the kingdom’s nascent entertainment industry.
Leawood, Kan.-based AMC and the entertainment subsidiary of Saudi Arabia’s Public Investment Fund have signed a deal to operate cinemas in the kingdom, with up to 40 locations expected to open in 15 cities within five years, the theater company said. (...)
The first new theater in Saudi Arabia, an AMC Cinema in Riyadh’s King Abdullah Financial District, is set to open April 18. AMC, whose biggest shareholder is Chinese conglomerate Dalian Wanda Group, hopes to control 50% of the Saudi Arabian theater industry.