PREVIEW

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Don’t underestimate this rebate. It’s okay for the next two years; there won’t be any billion-dollar movies. But after 10 or 11 years, billion-dollar movies will become increasingly common, and we might even see astonishing box office figures of 3, 4, or 5 billion.

Wanda’s losses would be enormous by then. 5% of 3 billion would be 150 million in net profit. Even though Wanda is the largest cinema chain in mainland China, their actual profits are only a few hundred million, les ...

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