With movie theaters shuttered worldwide in the wake of the coronavirus pandemic, the theatrical film business has never looked more precarious.
But that's not stopping China's largest exhibition company from doubling down on cinema construction. Chinese billionaire Wang Jianlin's Dalian Wanda Group said in a recent company report that it plans to build 162 new cinemas with a total of 1,258 screens over the next two years.
The bold construction target comes amid a slew of challenges for Wanda's publicly traded film unit, not all of them linked to the virus epidemic that has idled China's movie theaters since late January.
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