Cinema City International
 |
|
| Public company | |
| Traded as | (: CCI) |
| Industry | Entertainment and media |
| Founded | 1929 |
| Founder | Moshe Greidinger (senior) |
| Headquarters | Rotterdam,, The Netherlands (registered office) |
|
Area served
|
Central and Eastern Europe, Israel |
|
Key people
|
Moshe (Mooky) Greidinger (CEO) |
| Services | Movie theaters |
| Revenue | €267.45 million (2011) |
| €24.72 million (2011) | |
| €21.37 million (2011) | |
| Total assets | €340.24 million (2011) |
| Total equity | €229.30 million (2011) |
| Owner | Cineworld Group plc |
|
Number of employees
|
4,000 |
| Subsidiaries | Forum Film, New Age Media |
| Website | en.cinemacity.nl |
Cinema City International N.V. is the largest cinema operator in Central and Eastern Europe as well as in Israel and the third largest cinema operator in all of Europe. The Company operates 99 multiplexes with a total of 966 screens.
In the CEE countries the Company operates cinemas under the Cinema City brand name and in Israel under the Yes Planet and Rav-Chen brand names. Theatre operations are the Company’s core business comprising the sale of tickets, snacks and beverages in concession stands as well as cinema advertising conducted under its brand name “New Age Media”. The Company is one of the fastest growing cinema chains in Europe with current plans to open 36 new multiplexes (approximately 380 screens) based on existing binding lease agreements.
The Company is also a film distributor in all its countries of operations. This business is conducted through its local “Forum Film” subsidiaries. The Company conducts real estate activities and owns assets located in Bulgaria, Israel and Poland and include: the Mall of Rousse and other plots of land in Bulgaria, plots of land designated to develop an amusement park in Poland, an indirect interest of 39,78% in Ronson Europe NV and an office building in Herzliya, Israel and 5 other properties in Israel. The Company shares are traded on the Warsaw Stock Exchange. A takeover by Cineworld was announced in January, 2014.
The Greidinger family, the majority owners of Cinema City International N.V., started their cinema business in Haifa, Israel, Moshe Greidinger (grandfather of the company's current CEO also named Moshe Greidinger) started building his first cinema in 1929, which was opened in 1931. In 1935 he opened his second cinema in Haifa, Armon Cinema (palace in Hebrew), a large art-deco building that contained 1,800 seats. Armon cinema became the heart of Haifa’s entertainment district; due to its large capacity, the cinema was often used for performances by the Israel Philharmonic Orchestra and the Israeli Opera.
In 1958, the family expended to Tel Aviv, by acquiring the Chen cinema in Dizengoff Square. In 1967, the family entered the film distribution business when it acquired a company named Forum Film. In 1982, their first multiplex cinema was opened in Dizengoff Center shopping mall in Tel Aviv.
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Wikipedia