China’s Richest Man Is on Track to Make AMC the World’s Biggest Theater Chain

If shareholders in Carmike Cinemas vote on Tuesday to accept a $1.2 billion takeover proposal from AMC Entertainment Holdings, China’s richest man--Wang Jianlin--will own the world’s largest movie theater chain.

That’s because the construction and theme park mogul Wang controls the Dalian Wanda Group, which bought the AMC theater chain in 2012 for $2.6 billion. The combination of AMC with Carmike, along with AMC’s planned $650 million purchase of the European chain Odeon & UCI...

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