Cinema City opens in Bacau, Romania (30 January 2009)
Cinema City opens in Bacau, Romania
The fourth Cinema City in Romania is open.
Cinema City International N.V. (“Cinema City”) is opening today a multiplex of 8 screens and 1 324 seats in Bacau, Romania. The cinema is equipped with one digital projector with 3D facility.
“Today we are opening our fourth cinema in Romania and for the coming four years there are around 30 additional Cinema City openings scheduled in the country. Still this year we plan to open around 10 multiplexes here” said Nisan Cohen, Deputy CFO of Cinema City, the largest multiplex cinema operator in Central & Eastern Europe and in Israel. “Our strategy in Romania is to build a countrywide cinema chain and to provide the viewers the best quality of cinemagoing, including digital cinema, like we do in all countries of operation.”
In Romania Cinema City is operating 4 multiplexes with 30 screens and 4 800 seats. Four digital projectors, including the one installed in the multiplex in Bacau, will allow to show films in digital and digital 3D. The Company is also providing cinema advertising services through the company New Age Media.
In 2008 the Company sold 596 thousand tickets in Romania. Today Romanian multiplexes account for 5% of the Company’s total number of screens but in view of the signed binding lease agreements in the coming years Romania will be the second largest, after Poland, country of operation for Cinema City.
In 2007 the Romanian operations represented 0.2% of the Group’s total revenues.