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39-916: In the CEE countries the Company operates cinemas under the Cinema City brand name and in Israel under the 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

78-689: 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 expanded to Tel Aviv , by acquiring the Chen cinema in Dizengoff Square. They expanded further by opening additional cinemas in Israel, among them

117-537: A non-executive director since May 2015. On 5 October 2020, Cineworld announced the indefinite re-closure of all owned cinemas in the UK, Ireland, and United States from 8 October, citing the delay of major tentpole Hollywood films due to the wider impact of the COVID-19 pandemic on cinema , and its continued inability to reopen cinemas in the key U.S. market of New York (which CEO Mooky Greidinger cited as having resulted in

156-559: Is a network of cinemas in the United Kingdom, operated by Picturehouse Cinemas Ltd and owned by Cineworld . The company runs its own film distribution arm, Picturehouse Entertainment, which has released acclaimed films such as Hirokazu Kore-eda 's Broker and Monster , Scrapper , Corsage , Sally Potter 's The Party , Francis Lee 's God's Own Country and The Wife . A previous iteration of this distribution arm, which focused largely on alternative content,

195-814: 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 five other properties in Israel. The Company shares are traded on

234-749: Is the tallest cinema in the world and the busiest, by customer base, in the UK. It is listed on the London Stock Exchange . Cineworld was founded by Steve Wiener in 1995. The first Cineworld cinema opened in Stevenage , Hertfordshire in July 1996. A second cinema opened in Wakefield , West Yorkshire, in December 1996 and the third opened in Feltham , London in July 1997. In 2004, Cineworld

273-487: The Wall Street Journal reported that Cineworld was considering filing insolvency proceedings in the UK after struggling to rebuild attendance and incurring debts of more than $ 4.8 billion (£4 billion) following the pandemic. On 7 September 2022, Cineworld filed for Chapter 11 bankruptcy. In April 2023, Cineworld's stock price plummeted by 30% due to their plan to discontinue the sale of their business in

312-635: The London living wage to its staff. Started by workers at the Ritzy Cinema , Brixton , the resulting Ritzy Living Wage campaign attracted the support of Eric Cantona and Terry Jones . Industrial action resumed in October 2016 over the issue of the Living Wage , as well as recognition of the theatre union BECTU , parental pay and sick pay, and spread to six Picturehouse cinemas, making it

351-544: The London living wage to its staff. The workforce attracted the support of Eric Cantona . On 27 February 2014, Cineworld completed the takeover of Cinema City International N.V. As of March 2015, the Greidinger family (who owned a controlling 54% stake in Cinema City International) held a controlling bloc as the largest shareholder in the enlarged company. In May 2014, Mooky Greidinger joined

390-589: The Armon Cinema in Ramat-Gan in the mid 1960s. In 1967, the family entered the film distribution business when it acquired a company named Forum Film. In 1982 the "Chen" cinema was turned into the first cinema multiplex in Israel. In 1997, the international expansion of the business started, Cinema City International N.V. (CCI) was established and opened its first cinema in Budapest , Hungary, and by 2005

429-652: The Canadian operations. This would have made it North America's largest cinema chain. The deal was approved by shareholders in February 2020. However, Cineworld would terminate the purchase agreement due to alleged "material adverse effect and breaches" by Cineplex. The company subsequently sued Cineworld over the aborted purchase. In December 2021, the Ontario Superior Court of Justice ordered Cineworld to pay damages of C$ 1.23 billion for pulling out of

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468-681: The UK temporarily closed their UK cinemas, due to the COVID-19 pandemic , reopening them on 31 July. A second closure took place from 9 October 2020 until 17 May 2021, due to an insufficient amount of new film releases and a second wave of the pandemic closing indoor venues. In 2022 their parent company Cineworld filed for Chapter 11 bankruptcy in the United States, but on July 31 2023, the company and certain of its subsidiaries successfully completed their financial restructuring process and emerged from their Chapter 11 cases. The cinema hosts

507-673: The UK, US, and Ireland. This decision was made because of the company's inability to find a buyer. Cineworld said it was also open to offers for the purchase of its business in regions other than the aforementioned areas. It announced that it plans to secure funding of $ 2.26 billion and that it had entered into an agreement with its creditors to restructure its debt and come up with strategies to exit bankruptcy. In July 2023, Cineworld announced that its chief executive, Mooky Greidinger , would be stepping down. The company's lenders appointed Eduardo Acuna, an executive at Cinépolis , to take his place. On 31 July 2023, Cineworld entered administration in

546-570: The UK. That same day, Cineworld emerged from Chapter 11 bankruptcy after slashing billions of dollars in debt and the much-needed boost from the Barbenheimer box office success. In July 2024, Cineworld announced it would close six of its cinemas across the UK as part of a restructuring plan to bring the company back into profitability. These included Glasgow Parkhead, Bedford , Hinckley , Loughborough , Yate and Swindon Regent Circus. This also affected future locations, such as one that

585-618: The United Kingdom and the United States. The group's primary brands are Cineworld Cinemas and Picturehouse in the United Kingdom and Ireland, Cinema City in Eastern and Central Europe, Planet in Israel, and Regal Cinemas in the United States. As of March 2018, Cineworld was the leading cinema operator in the UK by box office market share (based on revenue). It operated, at that time, 99 cinemas and over 1,017 screens, including Cineworld Dublin —Ireland's single largest multiplex by screens and customer base. Cineworld Glasgow Renfrew Street

624-552: The Warsaw Stock Exchange, since Poland became its major market, representing about 40% of the group's total revenues. In January 2014, it was announced that Cineworld will buy the entire cinema business of Cinema City for an enterprise value of approximately GBP503 million, to be paid in cash and shares. Cinema City will hold 24.9% of the issued shares of the consolidated Cineworld group. Cinema City will retain its real estate business, which will not be transferred to

663-721: 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 as Ein Dor. In 1935, he opened his second cinema in Haifa, Armon Cinema (palace in Hebrew),

702-762: The acquisition of Cineplex. This decision caused the Cineworld share price to fall by nearly 30% overnight on the London Stock Exchange. Cineworld said it would appeal the decision. On 17 March 2020, Cineworld and all other cinema companies in the UK temporarily closed all their UK cinemas due to the ongoing COVID-19 pandemic . Some 800 staff at Cineworld Group PLC wrote to chief executive Moshe Greidinger requesting their jobs back after many were made redundant "with immediate effect". Employees with over three years of service were told they would be retained with 40% of their salary or average pay. The letter said

741-401: The annual Cambridge Film Festival . Its building, Rosebery House, was erected in the 1950s as a factory and office, and refurbished in 2015 by Panter Hudspith. In 1970 Stanley Kubrick filmed a scene for A Clockwork Orange in the old hall. It was refurbished and opened as a Picturehouse Cinema in 2018. In 2014, Cineworld was subject to industrial action owing to its refusal to pay

780-528: The biggest strike action ever by cinema workers in the UK. Staff at the Ritzy Cinema were represented by BECTU while other cinemas were represented by the Picturehouse Staff Forum, a company union set up by management in 2003 and later run by Picturehouse staff. Strikes continued into 2018, when workplace reps were found to be unfairly dismissed and were instructed to be reinstated, meanwhile Picturehouse claimed that they were one of

819-665: The board of directors as CEO, having previously been CEO of Cinema City International . In 2015, Picturehouse unveiled their new West End flagship site, ‘Picturehouse Central’, a 1,000-seat seven-screen cinema on Shaftesbury Avenue near Piccadilly Circus in central London. In August 2016, Cineworld acquired six cinemas from Empire Cinemas , including the Empire Theatre in London's West End, and 4 other locations in Basildon, Poole, Bromley and Hemel Hempstead. Empire Newcastle

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858-426: The combined company. On 7 September 2022, Cineworld filed for Chapter 11 bankruptcy in the United States. Cineworld Cineworld Group plc is a British cinema operator headquartered in London, England. It is the world's second-largest cinema chain (after AMC Theatres ), with 9,139 screens across 747 sites in 10 countries: Bulgaria, Czech Republic, Hungary, Ireland, Israel, Poland, Romania, Slovakia,

897-465: The company opened nine new cinema locations with a total of 109 screens; four of which were in the UK and five in the rest of Europe. A further 75 screens were scheduled to open in 2018 in addition. Throughout 2018, the company opened 13 new locations with 108 screens in total, six in the United States, six in the United Kingdom and one in Romania. Picturehouse Cinemas Picturehouse Cinemas

936-468: The company's $ 8 billion debt. Greidinger said that Cineworld would reopen the cinemas once there was a "solid lineup of releases" ahead. He also said that its Central European operations would remain active on a case-by-case basis, as they have a stronger dependency on domestic productions than Hollywood productions. Cineworld cinemas reopened in May 2021. The release of No Time to Die in October 2021 took

975-563: The delays). The decision followed the delay of the James Bond film No Time to Die from November 2020 to 2 April 2021. Greidinger said the delay was the "last straw" for Cineworld following a string of other film delays and cancellations. Cineworld said that its decision would affect 45,000 workers, 5,500 of them in the UK, and 20,000 in the US. Later that month, it hired FTI Consulting , Houlihan Lokey , and AlixPartners to help refinance

1014-527: The first six months of 2006 it became the second biggest film distribution company in the country. In December 2006, Cinema City International had an initial public offering on the Warsaw Stock Exchange at a price of 19.30 zloty per share ($ 6.765), raising $ 106 million at a company value of $ 343 million after money. The underwriters of the initial public offering were Bank Austria Creditanstalt and ING Group . The company chose to list on

1053-584: The highest paying employers in the UK cinema industry. In 2019, following a membership vote, the Staff Forum (run by Picturehouse management) was dissolved and later removed by the Certification Officer from the official list of trade unions. BECTU also called off the company boycott, stating "BECTU members have now agreed to suspend our Living Staff Living Wage campaign and call off the public boycott to focus on fighting for equal pay at

1092-447: The month's Cineworld revenues in the UK and Ireland to 127% of October 2019's levels. In December, Cineworld's 2021 global revenue reached 88% of 2019's yearly intake. Cineworld credited this to the success of Spider-Man: No Way Home , the only film to have made more than $ 1.5 billion globally since the pandemic began. Before the pandemic, Cineworld had a share price of £1.97, which had fallen to 20p by mid-August 2022. That August,

1131-486: The move would leave many of the affected unable to afford essentials such as housing and food. In late May 2020, Cineworld announced it planned to reopen all its UK cinemas in July. On 14 August 2020, it announced a new reopening schedule, in which their Welsh cinemas would open on 14 August, whereas their Irish, Scottish and Jersey screens would open on 26 August. Their English cinemas had been open since 31 July. In May 2020, Alicja Kornasiewicz became chair, having been

1170-399: The premises". In early 2014, Cineworld introduced an allocated seating system, starting as a trial in selected sites including Wembley and rolling out to all their cinemas by the summer. The move was controversial and a Twitter campaign was created against this policy. Cineworld has responded to the criticism stating that it gives customers peace of mind along with other benefits. In 2017,

1209-735: The world that are fitted with IMAX with Laser projection systems, two are in the UK, both belonging to Cineworld, located in Leicester Square and Sheffield. In April 2018, IMAX And Cineworld Group signed an agreement to install 55 new IMAX with Laser experience in Cineworld and Regal IMAX locations. In 2012, Cineworld began a trial of a premium service, the Screening Rooms. Located next to the Cheltenham cinema, The Screening Rooms offers considerably larger, leather seating, premium food, and 'table' service. The Screening Rooms

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1248-828: Was acquired by Blackstone private equity group for £120m. The following year, Cineworld acquired the UK and Ireland operations of French cinema company UGC . In December 2012, Cineworld acquired the Picturehouse Cinema chain , adding 21 cinemas to its portfolio, including The Little Theatre in Bath, Brighton's Duke of York's cinema , the Cameo, Edinburgh , the Phoenix in Oxford and the Ritzy Cinema in Brixton. The Blackstone Group , which had invested in Cineworld when it

1287-473: Was also acquired by Cineworld the following year. In November 2017, Cineworld began merger talks with the US cinema chain Regal Cinemas . On 5 December, it was officially announced that Cineworld would buy Regal for US$ 3.6 billion (£2.7 billion), creating the world's second-largest cinema group. It would also allow Cineworld access to the US market, the largest in the world. The acquisition

1326-530: Was completed in 2018. In March 2019, Cineworld and Eagle Pictures invested in Spyglass Media Group . On 16 December 2019, Cineworld announced its proposed acquisition of Cineplex Entertainment —Canada's largest cinema chain—for approximately US$ 2.1 billion. Cineworld planned to integrate its operations with Regal to achieve cost and revenue synergies and maintain the Cineplex branding for

1365-520: Was later converted into an extended Cineworld in Cheltenham when it was refurbished to become the second Cineworld in the country to offer the new premium VIP format. Sheffield was the first to offer it. Cineworld was the only cinema chain in the United Kingdom to forbid customers from bringing food and drink bought elsewhere into the cinema. In November 2012, the policy was changed and now states that "neither alcohol nor hot food may be brought onto

1404-540: Was planned to open in Colchester . Across the Cineworld estate there are seven different ways in which their customers can watch a movie: 2D, 3D , 4DX , Superscreen, IMAX, VIP, and ScreenX . Prices are set according to the format the customer chooses, and not the movie they choose. As of April 2018, across the European estate there are 38 4DX screens, 35 IMAX screens and 12 VIP auditoriums. Out of 45 cinemas in

1443-528: Was privately owned, sold its entire remaining 20% shareholding in November 2010. In August 2013, The Guardian revealed that Cineworld employs 80% of its 4,300 staff on zero hour contracts . In October 2013, the Chester location was closed due to the landowner wanting to develop the land into a supermarket. In 2014, Cineworld's Picturehouse chain was subject to industrial action owing to its refusal to pay

1482-606: Was sold in 2017 to Howard Panter and Rosemary Squire and rebranded as Trafalgar Releasing . The first cinema in the chain, Phoenix Picturehouse , opened in Oxford in 1989, but many of the others operated independently before then: the Duke of York's Picture House in Brighton , for example, opened in 1910 and is Britain's longest continually operating cinema. On 17 March 2020, Picturehouse and all other movie cinema companies in

1521-667: Was the largest multiplex operator in Hungary. In 1999 CCI started in Poland and by 2005 had 12 multiplex theaters there. In 1999, CCI bought the only existing multiplex theater in Prague in the Czech Republic. It also operates multiplex cinemas in Bulgaria, Romania and Slovakia. In 2005, CCI opened its distribution office, Forum Hungary in Budapest. The company represents Disney, Spyglass and Revolutionary Releasing in Hungary. In

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