Soul food Friday. Gotta dance this one off later (Taken with instagram)
Funky #Dance #Music
Here’s some stuff I cooked! Soft-shell crab BLT and lobstet benedict florentine. Homemade mayo and hollandaise. #NotPlaying. Not so healthy, but delicious nonetheless
#Russia rediscovers #LatinAmerica, but for #tourism http://bit.ly/KOMBUa (image courtesy @LatinTrade)
Something un-American about this BBQ (Taken with instagram)
How not to kill me when I’m riding my #bike // #safety #driving #cycling
#UK pig #farmers hope for relief in increased #exports to #China http://on.ft.com/KfP5dl
![Why a #Chinese Company Wants to Own Your Local #Movie Theater
There’s good chance that your local movie theater will soon be owned by a large, Chinese conglomerate. This weekend, Dalian Wanda Group announced that it would pay $2.6 billion to purchase AMC Entertainment, America’s second largest cinema chain. It would be the most expensive foreign takeover yet by a private Chinese company, a summer blockbuster for the mergers and acquisitions world.
For those prone to anti-China hysteria, this all might sound vaguely menacing (First they came for our factories, then they came for our Kevin James vehicles…). To others, it might simply sound a bit backwards. After all, China’s domestic box office earnings are on the upswing, growing faster than Hollywood’s catalog of comic book sequels. In the United States, theater revenues have essentially been stagnant for a decade as attendance has steadily dropped. From a strictly financial point of view, there isn’t much reason for a Chinese company to start snapping up American multiplexes.
But Dalian Wanda isn’t buying itself higher profits, at least in the short run. Rather, it’s buying an education. China plans to massively expand its own film industry in the coming years. But even more importantly, it would like to expand its cultural influence by becoming as good at producing and exporting entertainment as it is computers and phones. Much as the country’s manufacturers evolved by co-opting technology and techniques from abroad, its movie business is apparently looking to leap forward with some aid from America.
Read more. [Image: Reuters]
theatlantic:](http://25.media.tumblr.com/tumblr_m4fss7VwmS1qcokc4o1_500.jpg)
Why a #Chinese Company Wants to Own Your Local #Movie Theater
There’s good chance that your local movie theater will soon be owned by a large, Chinese conglomerate. This weekend, Dalian Wanda Group announced that it would pay $2.6 billion to purchase AMC Entertainment, America’s second largest cinema chain. It would be the most expensive foreign takeover yet by a private Chinese company, a summer blockbuster for the mergers and acquisitions world.
For those prone to anti-China hysteria, this all might sound vaguely menacing (First they came for our factories, then they came for our Kevin James vehicles…). To others, it might simply sound a bit backwards. After all, China’s domestic box office earnings are on the upswing, growing faster than Hollywood’s catalog of comic book sequels. In the United States, theater revenues have essentially been stagnant for a decade as attendance has steadily dropped. From a strictly financial point of view, there isn’t much reason for a Chinese company to start snapping up American multiplexes.
But Dalian Wanda isn’t buying itself higher profits, at least in the short run. Rather, it’s buying an education. China plans to massively expand its own film industry in the coming years. But even more importantly, it would like to expand its cultural influence by becoming as good at producing and exporting entertainment as it is computers and phones. Much as the country’s manufacturers evolved by co-opting technology and techniques from abroad, its movie business is apparently looking to leap forward with some aid from America.
Read more. [Image: Reuters]
Was your #seafood caught by #slaves in #Thailand? http://bit.ly/KEfTlW (via @globalpost)
Great @DenizKoyu set from @Sensation #EDM #housemusic
#GM picks #UK over #Germany to #manufacture new model http://reut.rs/LnchKr
Today marks the beginning of #Bike Nation, @GOOD’s weeklong celebration of pedal power. We’re not the only ones who are excited—biking is more popular than ever. But when it comes time to divvy up the nation’s transportation budget, cyclists and pedestrians tend to get the short end of the stick.Check out our infographic about Americans on two wheels—and why Congress should help them out.
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