UME Cinema Group may have made many moves before it was acquired by Chinese Culture for 2 billion.

as a high-quality asset in the cinema industry, UME cinemas have been rumored to have been acquired many times, maybe this time it is true! The initial price of the UME cinema is expected to be 2 billion yuan.

another big 2 billion acquisition-- UME Cinema Group has been acquired. As a high-quality asset in the cinema industry, UME Cinema has been rumored to have been acquired many times, and this time it seems to be true.

the initial price of the UME cinema is expected to be 2 billion yuan. Since there is no official exact news, the author is based on the fact that UME cast grossed 680 million yuan at the box office for the whole year of 2016, which is based on the acquisition of three times the annual box office. In August 2016, Ali bought Hangzhou Star Cinema with 2.3 times annual box office revenue. Wanda bought 15 Shimao cinemas in 2015 with an average price of 70 million per cinema. UME currently has a total of 25 cinemas in the country, so the price as a high-quality resource in the industry will naturally be no lower than that of Shimao Cinema and Hangzhou Star Cinema.

Acquirer: Chinese Culture Co., Ltd. On July 22, 2016, Chinese Culture also established the Shanghai Chinese Culture Cinema chain Co., Ltd., is it to follow the layout of the whole industry chain of cinema distribution and production? Chinese Culture has previously invested in IMAX China, Oriental DreamWorks, Warner, and domestic Chinese film and television production, promotion and distribution companies. After the acquisition of 25 UME cinemas, the four major sections of the production and distribution terminal have been completed.

details are as follows:

1: on July 4, 2017, the official website of the Ministry of Commerce unconditionally approved the case of Chinese Culture Co., Ltd. to acquire the equity of Shanghai Siyuan Film and Television Culture Communication Co., Ltd.