Cineworld In Negotiations to Acquire Regal – BREAKING NEWS

Regal Entertainment Group has confirmed that it is in negotiations to be acquired by European cinema major Cineworld in an all-cash deal. The proposed merger would value Regal at USD $23 per share, while the company’s share closed on NYSE…

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…

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…

Some Advice For Regal Cinemas On Dynamic Movie Ticket Pricing

During Regal Entertainment Group’s third quarter earnings call last week, while financial analysts grilled the company’s senior management on box office projections, EBITDA and the ROI of reseating multiplexes, CEO Amy Miles addressed two tangential subjects which received their fair…

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….

CJ CGV to Open 33 Cinema in Moscow by 2020

Korean cinema major CJ CGV will become the first major foreign exhibitor to expand into Russia, with plans to build 33 cinemas with 160 screens in Moscow by 2020. CJ CGV signed a deal with Russian real estate company ADG…

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