Movies

Cineworld to buy European cinema chain

MUMBAI: England’s largest movie theater operator, Cineworld, has announced that it will be buying over 100 multiplexes across Eastern Europe and Israel for $828 million (?503 million).

 

The purchase will be done in a mix of cash and shares, from Cinema City International (CCI), listed on the Warsaw stock market in Poland.

 

The company will pay CCI $448 million (?272 million) in cash, and has launched a $181 million (?110 million) share rights issue to help fund the purchase. The proposed tie-up with Cinema City will give it leading positions in Poland, Israel, Hungary, Romania, the Czech Republic, Bulgaria and Slovakia. The cash and shares deal is due to complete in March.

 

The merged group will have 201 outlets and 1,852 screens across Europe, with the addition of 966 from Cinema City making it the second largest operator in Europe behind Odeon UCI, which has more than 2,100 screens.

 

According to The Financial Times, Cineworld, which snapped up 21 Picturehouse sites last year, shares rose 5.87 per cent at 415p, continues a run that has pushed up the price almost 50 per cent in a year. CCI shares rose 7 per cent to 32.30 zlotys in Warsaw.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/30/Untitled-1_34.jpg?itok=0iLtWAzb
'A Flying Jatt' flies average; 'Rustom' touches Rs 115 cr

A Flying Jatt a film with Tiger Shroff playing a superhero, aimed at children, gets an average opening response and meets with mixed reactions. Besides trying to imitate Hollywood superhero films, the casting of the gigantic foreign actor, Nathan Jones, as villain also makes the film’s superhero,...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/29/Untitled-1_2.jpg?itok=Q-no8pCs
Zee Anmol Cinema to launch on DD Freedish

MUMBAI: Free to air (FTA) is the new buzzword in television, especially considering how well the non-pay TV channels are doing. Adding another one to its channel cluster is Zee Entertainment Enterprises Ltd (ZEEL). It is to soon launch its new FTA Hindi movie channel, Zee Anmol Cinema on...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/27/Venice.jpg?itok=Meyg90Sz
New Hindi film to have world premiere at Venice International Film Festival

NEW DELHI: The Hindi film 'Mukti Bhavan' (Hotel Salvation) by Shubhashish Bhutiani is to have its world premiere at the Venice International Film Festival on 2 September.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/26/A-Flying-Jatt1.jpg?itok=LuNFb-9V
'A Flying Jatt' is passable kid stuff

The producers of A Flying Jatt, Balaji Motion Pictures, takes a total diversion with this film. From their earlier blend of films with mainly adult themes, they have moved to a film that caters to children and the preteen lot. Complately inspired by foreign superhero films, A Flying Jatt keeps...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/25/Twenty%20films.jpg?itok=JlKIXg7l
First official competitive BRICS film festival next month to have twenty films

NEW DELHI: Twenty films – four each from Brazil, Russia, India, China and South Africa – are to feature in the first government level BRICS Film Festival toi be held in here early next month. Malayalam movie Veeram will be the opening film for the festival being held from 2 to 6 September at Siri...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/23/Untitled-1_50.jpg?itok=CN3YXXwg
Centre mulls giving financial help to states to help preserve cinema culture

The Information and Broadcasting Ministry is exploring possibilities of extending financial and technical support to State Governments in their efforts to safeguard the country’s film heritage, as Secretary Ajay Mittal said “the objective of preserving the country’s cinematic heritage has to be...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/23/rustom.jpg?itok=tx6zL0-L
'Rustom' beats 'Mohenjo Daro'; collects Rs 90 cr

MUMBAI: Happy Bhag Jayegi a comic romance with yet another story on India Pakistan integration, find favour with metro audience catering to select multiplex crowd. With a good word of mouth, the film’s addition to its opening day figures is noticeable. The film opened with Rs 2.3 crore on Friday...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/22/Untitled-1_20.jpg?itok=9ltm43A6
Swachh Bharat Short Films Competition to encourage participative approach for Clean India

The Government, which is planning a national survey from January next to review the effects of its Swachhta Abhiyaan, is organizing a Short Films Competition on the theme “Swachh Bharat” that showcases inspiring stories and helps generate awareness among citizens about sanitation and its linkages...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/19/Untitled-1_7.jpg?itok=NaplgDpF
Happy Bhag Jayegi, Unindian: blending of different cultures dominate cinemas this week

There are quite a few films around stories of India-Pakistan cross connections and some seem to benefit both Hindi as well as Pakistani industries as the trans-border themes find more acceptance because of commonality in cultures and could help create a common market.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories