No fastpass: Cinema closures dent Wanda’s dream of beating Disney

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Dreams of creating a global entertainment empire have driven China’s Dalian Wanda Group to the brink of another crisis, this time from the coronavirus shutting movie theaters worldwide.

Crowds were sparse recently at Wanda Plaza on the outskirts of Shanghai, usually a top earner among the group’s roughly 320 commercial complexes nationwide.

“We have 20% to 30% of our normal customers,” one employee said.

 

Read more: https://asia.nikkei.com/Business/Media-Entertainment/No-fastpass-Cinema-closures-dent-Wanda-s-dream-of-beating-Disney