Wanda Cinemas has invested an undisclosed sum in the online movie ticket seller following a collaboration agreement signed in July.
Cinema chain Wanda Cinemas has paid an undisclosed amount for a 20% stake in China-based movie ticketing service and reviews site Mtime, acccording to The Hollywood Reporter.
The deal will support an agreement in July between the two companies to build licensed merchandise stories in Wanda’s 182 cinemas across China.
Founded in 2006, Mtime operates a website with information about films, an online ticketing service and an online merchandise store. It began building physical merchandise stores in January this year…
