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10

Feb

Cinema City and Atrium Felicity signed a binding lease agreement for the new Cinema City multiplex in Lublin, Poland

The new multiplex of Cinema City will be located in Atrium Felicity shopping center in Lublin to be constructed by Wincenty Witos Avenue to serve citizens of the southern part of the city and its surroundings. The cinema will have 9 screens and will be fully digital with the top 3D projection equipment. Cinema City in Atrium Felicity center will be the Company’s third multiplex in Lublin. The opening is planned for July 2015.

We are very happy to join this promising project. We always believe that one of the big assets of CC is our strong relations with the leading developers in the region and no doubt Atrium is one if the top. This new deal is another step for us in reaching our strategy of developing the cinema market while creating for our customers "the best way to see a movie.” said Moshe (Mooky) Greidinger CEO of Cinema City International.

In Lublin, since 2007, Cinema City operates an 8screen successful multiplex in Lublin Plaza shopping mall located in the strict city center. In August 2013 the Company signed a lease agreement with IKEA Center Polska SA for another 9screen multiplex to serve cinema goers in the northern part of Lublin. The opening is planned for the next year. The multiplex in Atrium Felicity  center will serve the whole southern part of Lublin as well as all neighboring towns. In Poland, Cinema City is a leader of the cinema market. The Company operates 339 screens in 31 multiplexes including 5 IMAX theatres and the first 4DX auditorium in Arkadia, Warsaw. Cinema City continues to develop its cinema chain in Poland. The Company has signed 9 lease agreements for future multiplexes with almost 100 screens and it continues analyzing subsequent potential locations in the country.

In January 2014 Cinema City and Cineworld signed an agreement to combine their cinema businesses. Both companies will create together the 2nd largest cinema operator in Europe with 201 cinemas and 1,852 screens. The closing of the agreement is expected in the beginning of March 2014.

 

CINEMA CITY INTERNATIONAL (Cinema City) is the third largest cinema operator in Europe and the largest multiplex cinema operator in Central & Eastern Europe and in Israel. The Company operates 99 multiplexes with 966 screens, in 7 countries (Poland, the Czech Republic, Hungary, Romania, Bulgaria, Slovakia and Israel). There are 37 more multiplexes under development, which will offer Cinema City is one of the fastest growing cinema chain in Europe. The Company's organic growth plans for the coming years include 37 new multiplexes with approximately 390 new screens. In addition, Cinema City is actively involved in cinema related advertising and film distribution. 

 

In 2013 Cinema City sold 37.4 million tickets in 7 countries, 3.0% more compared to 2012.

The Cinema City group employs over 4,000 people in 7 countries.

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