Mexican/international chain Cinepolis is mentioned as one of the potential bidders for Regal, according to the LA Times. Other potential buyers mentioned include No. 3 US chain Cinemark, Shanghai Film Group Corp., Chinese e-commerce major Alibaba, or South Korea’s CJ Group. It is clear that there is no obvious front runner, but nobody is prepared to rule themselves out at this stage.
Cinépolis, Latin America’s largest theater chain known for its luxury amenities, may be among the prospective bidders for the United States’ largest theater chain.
Adrian Mijares Elizondo, chief executive of Cinépolis USA, said his company would consider buying Regal Entertainment after the Knoxville, Tenn., company surprised investors last week when it announced that it would entertain offers to sell the chain.
“It’s not every day that the biggest chain in the industry goes on sale,” Elizondo said. “We would take a look at Regal. This is a growth opportunity, and like any growth opportunity we have available, we will discuss it and evaluate it.” LINK
Ukraine – The apparent arson attack on Kiev’s oldest cinema is starting to make waves with the city’s population and politicians, including the Mayor of Ukraine’s capital. Questions are also being raised if it was a hate crime or related to a rent dispute.
Hundreds of people rallied in front of Kyiv city hall on Oct. 31 to demand an investigation into a fire that recently destroyed the popular Zhovten cinema. They also called for reconstruction of the historic building and Kyiv’s oldest move theater built in 1930, which has been the subject of a years-long rent dispute.
The activists honored the ruined arthouse cinema by wearing yellow jackets, hats and scarves and holding yellow posters that read “Give Zhovten cinema back!” Zhovten means ‘October’ in Ukrainian and derives from the word “yellow.” Others spattered black drops on their placards accompanied by the inscription: “There are still drops in the ocean,” a reference to the popular EuroMaidan Revolution slogan “I am a drop in the ocean.” LINK