Global movie and cinema 麦格里集团－全球影视影院报告

秋云飞

Inside
Valuation ...................................................................................................3
Top picks across the global value chain  ....................................................4
Global Trends  ............................................................................................9
China: resetting for new growth phase  ....................................................  18
US: 2017 will be another record year  ......................................................  27
Appendix: 2017 box office bottom-up forecast  ........................................  33
China:
Wanda Cinema Line Co. - Go for premium consolidator  .........................  37
Imax China Holdings - A unique asset worth the premium .....................  60
SMI Holdings Group - Seeking growth at a reasonable price .................  81
Leshi Internet (A-share) - Way more than hardware  ...............................  98
Baofeng (A-share) - Video and VR treading water still  ..........................  122
Tencent - Pan entertainment strategy unfolding ...................................  143
Alibaba Group Holding - Alibaba goes to Hollywood  .............................  146
Baidu - From content distributor to producer  .......................................  148
US:
IMAX - Looking for purple patch plus dividends  ....................................  152
Regal Entertainment Group - We like RGC in the US  ...........................  169
The Walt Disney Company - Virtuous circle starts with the studio  ........  172
Comcast - Breaking into China  ..............................................................  175
Lions Gate Entertainment - A Growing Global Presence  ......................  177
Japan:
Sony - Will Sony sell a stake in Pictures?  .............................................  179
Korea:
CJ CGV - Better China outlook in 2017  .................................................  183
CJ E&M Corp - China could be a silver lining for movie division   ..........  186
Australia:
Village Roadshow - Is the Force still with you?  .....................................  189
India:
MacVisit: PVR - Ahead of the curve  ......................................................  192
MacVisit: Inox Leisure - A close # 2 in India’s movie theatre business  .  198
Eros International - Digital money for digital content  .............................  204
Thailand:
Major Cineplex - The Thai blockbuster  ..................................................  207