Britain’s Cineworld Group, which already owns the United States’ Regal Cinemas, plans to buy Canada’s Cineplex for $1.6 billion.
Britain’s Cineworld Group is on track to become North America’s biggest operator of movie theaters with its plan to buy Canada’s Cineplex Inc. for $1.6 billion.
Movie theater operators have been combining to squeeze costs so they can afford facility upgrades and counter the risk that on-demand services such as Netflix Inc. will hit attendance. Bigger chains can also have a stronger bargaining position in negotiations with studio giants such as the Walt Disney Co., which have also been growing through tie-ups.
“Top theater chains are gearing up for a challenging 2020 box-office year, as a weaker slate and surge in streaming services could mean another down year for the industry,” Amine Bensaid, an analyst at Bloomberg Intelligence, said in a research note last month. “The studio model could contend with increased pressure if new direct-to-consumer services such as Disney+ and HBO Max follow in Netflix’s footsteps by developing more films for their digital services.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Cineworld To Acquire Canada’s Cineplex In $2.1B Deal, Making Regal North America’s Largest Exhibition CircuitExhibition giant Cineworld, which acquired U.S. chain Regal Cinemas in 2018 for $3.6B, is adding another group to its portfolio with a proposed $2.1B (C$2.8B) purchase of Canada’s Cineplex. T…
Weiterlesen »
Cineworld tops North American box office with Cineplex dealBritish cinema operator Cineworld said it will buy Canada's Cineplex for $2.1 billion, including debt to expand its operations
Weiterlesen »
5 things to know for December 16: Impeachment, Afghanistan, Lebanon, COP25, North KoreaHere's what else you need to know to Get Up to Speed and Out the Door.
Weiterlesen »
US says it won’t accept North Korea-set nuclear deadlineSenior American diplomat says U.S. won’t accept year-end deadline set by North Korea to make concessions in stalled nuclear talks. “We are here. And you know how to reach us.”
Weiterlesen »