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Odeon for Sale

UK’s Odeon For Sale Again – Third Time the Charm?

Private equity group Terra Firma has announced that UK/European cinema chain Odeon & UCI Cinema Group (Odeon for short) is for sale. The merged exhibition operation failed to attract bidders willing to match the asking price in both 2011 and 2013 but Terra Firma’s chair Guy Hands is hoping…

Imax

Daily Cinema Digest – Monday 23 February 2015

Imax’s quarterly earnings were down slightly, but ahead of Wall Street’s expectations. The company said that it is focusing on international expansion and expects to cross 1,000 screens this year. IMAX Corporation signaled that international markets will be an ongoing focus in the years…

Cineworld 50 Shades

Daily Cinema Digest – Monday 16 February 2015

Women attending the opening night screening of “Fifty Shades of Grey” at Cineworld in Glasgow’s Renfrew Street had their bags opened and searched as they were waiting to enter. It is not known what the staff were looking for. Cineworld have yet to comment on the searches, but their…

Fun cinemas

Daily Cinema Digest – Wednesday 4 February 2015

India – Having confirmed its new acquisition, Cinepolis won’t just re-brand the Fun cinema circuit but revamp its entire portfolio, we are told. And it also plans a significant – but realistic – organic expansion. Cinepolis India Pvt. Ltd, the Indian movie exhibition arm of M…

Cine Hoyts Chile Cinepolis

Cinépolis Acquisition of Chile’s Cine Hoyts Signals Global Ambition

Mexican-based exhibitor major Cinépolis has acquired Chile’s largest cinema chain Cine Hoyts. The acquisition, reported in this article in El Financiero, means that Cinépolis is now present in 11-12 countries around the world. It also signals an intention to take on Wanda/AMC for the crown of…

Ymagic d

Daily Cinema Digest – Monday 1 December 2014

France – The merger of Ymagis and dcinex is going well, with streamlining already well underway. It seems like with the colocations and regroupings it will fairly rapidly be able to offer an integrated operation. In Germany, where both YMAGIS and dcinex have both separately developed businesse…

Cinepolis

Daily Cinema Digest – Monday 3 November 2014

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 th…

Jerome Seydoux Pathe Paris

Daily Cinema Digest – Monday 8 September 2014

Paris is about to see the opening of a museum by the Jérôme Seydoux-Pathé Foundation, which will showcase the evolution of cinema through the Pathé film company’s history. The 2,200 square meter building itself looks hugely impressive (even if it makes people think of a ‘giant glass slug…

Berr in cinema

Daily Cinema Digest – Thursday 7 August 2014

The City Council of Bristol, Tenn, recently voted 3-2 in favour of allowing beer sales in the local cinema, clearing a first hurdle and in line with a larger national trend. National Association of Theatre Owners Director of Media and Research Patrick Corcoran said wine, cocktails and suds in the ci…

Daily Cinema Digest – Tuesday 5 August 2014

USA – Carmike has released its quarterly figures and discussed them in a conference call. Overall the company claims to be weathering the downturn pretty well, despite a drop in profits of over 50%, with a strong recent focus on M&As. Here is what S. David Passman III, the company’s…