The Analysis About Motives And Performance Of Wanda Buying AMC

In recent years,the situation of transnational mergers and acquisitions has changed greatly since the rise of cross-border mergers and acquisitions in the nineteen nineties.The third industry,especially the cultural industry has become more and more popular among multinational corporations.More and more domestic and foreign enterprises try to strengthen their competitiveness and improve their anti-risk ability through transnational industry mergers and acquisitions and M&A in the third industry.In this context,the film and television industry act as an important part of the cultural industry in the third industry,but there is little foreign direct investment in by Chinese enterprises.Wanda Group,a Chinese enterprise,is the leading company in the Chinese commercial real estate industry.Wanda set up it's own cinema and television media company in 2005 and 2009,laid the foundation for cultural industry transformation.The completion of the U.S.AMC theater company's acquisition in 2012 broke the ice of M&A in the third industry.Therefore,this paper has certain practical significance and research value for the research of Wanda merger and acquisition of AMC.The ideas of this paper are as follows:first of all,it introduced the research's background,the purpose and significance of the topic,the content and methods of the study,then summarized the literature about the motivations and performances of the M&A in the cultural industry.Secondly,it summarized the theories and constructed the theoretical analysis framework of the motivations and performances according to the theoretical logic.Thirdly,the process and reasons of Wanda acquisition of AMC are analyzed and summed up the theater Wanda acquisition of the main reasons are the improvement of the external environment,and promote the strategic transformation of Wanda cinema listed and movie license,and the sale of AMC driver from the market downturn and the losses of the company.Then,it used the financial index method and principal component analytical method to analyze Wanda buying AMC theater's financial performance including solvency,profitability,operation ability and development capacity and drew the conclusion that the M&A enhances enterprise's operating capacity and profitability and there is little influence on the solvency and development capacity;through mergers and one-to-one with Wanda to deal with the non-financial performance are analyzed and concluded after the merger in the industrial transformation and diversification and Wanda cinema listed propaganda and demonstration effect made benefit in industrial restructuring,financing and payment management is also facing the risk of conclusion.Finally,according to the results of the analysis,the Wanda Group,the cultural industry and the government are given relevant countermeasures and suggestions.