India’s PVR Acquires Strategic Stake in iPic

Indian multiplex major PVR has acquired a two percent stake in upmarket US movie chain iPic for USD $4 million. This is the first time PVR has bought into a cinema chain outside of India. The move is aimed to…

CJ CGV Plans to List its Foreign Subsidiaries

South Korean cinema major CJ CGV is set to stock market list its overseas cinema operation according to reports in Korean financial media. According to ChosunBiz CGV will begin with an initial public offering (IPO) of its Vietnamese subsidiary in…

UK & IE Cinema Property Update – 16 November 2017

Dublin’s Stella re-opens; Cineworld Weston-super-Mare opening delayed but Leeds opens this week; Curzon Westgate Oxford delayed; Empire in Poole’s Dolphin Centre; Everyman Oxted re-opening and hiring; The Light in Bradford delayed but Stockport on track; Majestic scraps expansion; Odeon Glasgow Quay…

Cinema News Digest – Tuesday 14 November 2017

Dear Junkies, MoviePass has paid AMC USD $11.88 on average for each cinema ticket sold, AMC data shows. Not a bad deal for customers paying USD $9.95 per month, but not a business model that is sustainable in the long…

Cinema News Digest – Tuesday 7 November 2017

Dear Junkies, Tomorrow Wednesday we will attempt a LIVE streaming on Celluloid Junkie’s Facebook page: ‘Like’ Celluloid Junkie on Facebook to watch me give a presentation at 10:15 AM CET on ‘Global Cinema 2017 – from AMC to Zuckerberg‘ at the…

mm2 Buys Singapore’s Cathay Cineplex for $169 Million

Media company mm2 has agreed to buy Singapore cinema chain Cathay Cineplex for S$ 230 million (USD $169 million). The move come less than a month after it failed to buy half of rival Golden Village. Cathay operates eight cinemas…

Cinema News Digest – Thursday 2 November 2017

Dear Junkies, Strikes at UCI and Picturehouse makes us wonder what employees think of working at cinemas. Rather than putting that awkward question to the teen serving you popcorn before the next showing of “Thor Ragnarok”, you can find out…

Asia Cinema Property Update – October 2017

China/HK: luxury Central cinema; India: L&T’s Hyderabad Next multiplexes, Mukta Arts in TN, PVR Chanakya, Cinépolis Guwahati; Japan: Tokyo Midtown Hibiya Toho, Aeon Chofu; Kazakhstan: Astana; Malaysia: GSC Megawati Mall; Pakistan: Cinepax in Silakot; Singapore: Golden Village Paya Lebar; UAE: City Centre Sharjah Vox….

Send this to friend