Kinepolis has concluded a lease agreement with real estate company General de Galerías Comerciales to take over the operation of two Spanish cinemas: one in Mataró (Barcelona) and the other in Marbella, in the successful La Cañada shopping mall. Both cinemas operate in markets with high purchasing power and demand for premium products.
The cinema in Mataró, located 37 km to the north of Barcelona, is in the Mataró Parc commercial centre and has 12 screens and 2,916 seats. It welcomed around 600,000 visitors in 2019. Kinepolis will operate the cinema from 3 November 2022.
The cinema in Marbella is in the La Cañada commercial centre and has 8 screens and 1,610 seats. It welcomed around 350,000 visitors in 2019. Kinepolis will operate the cinema from 7 November 2022.
After the take-over, Kinepolis is planning to introduce its premium concepts, such as laser projection, premium seating and the megacandy concept, in both cinemas.
This take-over will bring the number of Kinepolis cinemas in Spain up to 10, including the two largest in the country (Kinepolis Ciudad de la Imagen in Madrid and Full Barcelona). The 10 Spanish cinemas have a total of 157 screens and nearly 38,000 seats.
Eddy Duquenne, CEO of Kinepolis Group: “With the take-over of these two cinemas, we are resuming our expansion strategy in a cautious way. The conditions of the take-over and the potential of both sites will allow us to create value for both film enthusiasts and Kinepolis.”
Kinepolis Group NV was formed in 1997 as a result of the merger of two family-run cinema groups and was listed on the stock exchange in 1998. Kinepolis offers an innovative cinema concept which serves as a pioneering model within the industry. In addition to its cinema business, the Group is also active in film distribution, event organization, screen publicity and property management.
In Europe, Kinepolis Group NV will soon have 60 cinemas spread across Belgium, the Netherlands, France, Spain, Luxembourg, Switzerland and Poland. Since the acquisition of Canadian movie theatre group Landmark Cinemas and American movie theatre group MJR Digital Cinemas, Kinepolis also operates 40 cinemas in Canada and 10 in the US.
In total, Kinepolis Group will soon operate 110 cinemas worldwide, with a total of 1,117 screens and almost 200,000 seats. Kinepolis’ employees are all committed to giving millions of visitors an unforgettable movie experience. More information on www.kinepolis.com/corporate.