Wanda Cinemas to install 780 sets of RealD Inc 3D equipment
BEIJING (Reuters) - China's Wanda Cinemas, the cinema subsidiary of Dalian Wanda Group, will install 780 sets of RealD Inc 3D equipment in cinemas in China over the next three years, the company said on its website on Friday.
Dalian Wanda is a Chinese conglomerate with interests in commercial property, hotels and tourism. In 2012 it bought U.S. cinema chain AMC Entertainment Holdings Inc for $2.6 billion.
California, U.S.-based RealD licenses 3D equipment to cinemas in more than 1,000 cinemas in 74 countries.
(Reporting by Paul Carsten, editing by William Hardy)