Cinema City signs lease agreement for a multiplex in Starogard Gdanski, Poland
Cinema City Poland and Galeria Neptun Sp z o.o. signed an agreement for the future multiplex to be developed in Starogard Gdański, Poland. The new multiplex of Cinema City will have 6 screens and approximately 1000 seats. Opening of the cinema is planned in the 4th quarter 2014. In Poland Cinema City has lease agreements for 8 future multiplexes with 88 screens.
“We are happy to continue our development in Poland. The Polish market represents considerable growth opportunities in different local markets. The new Cinema City in Starogard Gdański will create a new place for entertainment with best quality of cinema venue, best service and films available in our cinemas across Poland.” said Moshe (Mooky) Greidinger CEO of Cinema City International.
The new Cinema City in Starogard Gdański will offer 6 screens, all equipped with digital projectors and 3D systems. The catchment area of this multiplex is 250 thousand inhabitants. Cinema City chain in Poland comprise 31 cinemas with 339 screens including 5 large 3D IMAX theatres and the 4DX auditorium in Cinema City Arkadia. The company continues expanding in the country. It has binding lease agreements for 8 future multiplexes with 88 screens and new locations are being negotiated.
Cinema advertising is run by New Age Media and film distribution run by Forum Film Poland.
CINEMA CITY INTERNATIONAL (Cinema City) is the largest multiplex cinema operator in Central & Eastern Europe and in Israel. The Company operates 100 multiplexes with 974 screens, in 7 countries (Poland, the Czech Republic, Hungary, Romania, Bulgaria, Slovakia and Israel). There are 36 more multiplexes under development, which will offer close to 380 new screens. In addition, Cinema City is actively involved in cinema related advertising and film distribution.
In 2012 Cinema City sold 36.3 million tickets in 7 countries, 2.5% more compared to 2011.
The Cinema City group employs over 4,000 people in 7 countries.
For more information, please contact:
Director of Investor Relations,CinemaCityInternational
tel. (+48) 22 566 69 60 / mobile: (+48) 510 024 028
tel. (+48) 22 826 74 18 / mobile : (+48) 500 202 355