One of the big movie blockbusters this year isn't a film, but a business deal.
The Chinese company Wanda, one of that country's leading cinema owners, is buying AMC Entertainment, North America's second-largest movie theater company, for $2.6 billion.
When the agreement was announced in China this week, it did not make a lot of sense at first glance. At least for the buyer.
AMC is loaded with some $2 billion in debt, and movie theater attendance in North America was down 4 percent last year.