The announcement that German exhibitor CineStar would close its multiplex at Berlin’s famed Sony Center in Potsdamer Platz has thrown the cinema’s participation as a key venue for the Berlin Film Festival into doubt. Whether it actually shutters, however, remains to be seen.
British-based Vue International is awaiting approval from German antitrust officials on its €221.8 million ($252.7 million) bid to take over CineStar, which operates 57 sites with 438 screens across the country. Vue already owns rival exhibitor Cinemaxx, which has 30 sites – including its own multiplex in Potsdamer Platz – and 257 screens. A merger would create Germany’s biggest cinema operator by far.
CineStar reportedly told its employees at the Sony Center multiplex in April that it would close the site by year’s end, when its lease is set to expire. The company, which declined to comment for this story, has issued no reason publicly for the closure.
But it informed...
British-based Vue International is awaiting approval from German antitrust officials on its €221.8 million ($252.7 million) bid to take over CineStar, which operates 57 sites with 438 screens across the country. Vue already owns rival exhibitor Cinemaxx, which has 30 sites – including its own multiplex in Potsdamer Platz – and 257 screens. A merger would create Germany’s biggest cinema operator by far.
CineStar reportedly told its employees at the Sony Center multiplex in April that it would close the site by year’s end, when its lease is set to expire. The company, which declined to comment for this story, has issued no reason publicly for the closure.
But it informed...
- 6/26/2019
- by Ed Meza
- Variety - Film News
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