Cinemaxx seeing red

Sales up to $190 mil, but net loss was $29 million

COLOGNE — Multiplex theater operator Cinemaxx has reported a net loss for 2001 despite a growth in admissions.

Last year, the company withdrew from all foreign ventures and pulled out of a merger with Ufa Theater Group that would have created Germany’s largest cinema operator.

Company’s sales increased to €191 million ($190 million) from $160 million as attendance at the theaters rose from 18.6 million in 2000 to 22.6 million. Company’s net loss was $29 million, attributable partly to a value adjustment for discounted loans to Ufa Theater.

Cinemaxx noted that in the first half of the year, the number of moviegoers was up 7.5% from a year earlier, and the exhib expects to be in the black for the full year.

More Biz

  • L.A. Women's March: Scarlett Johansson, Viola

    Viola Davis, Scarlett Johansson, Others Rally Thousands at Los Angeles Women's March

    COLOGNE — Multiplex theater operator Cinemaxx has reported a net loss for 2001 despite a growth in admissions. Last year, the company withdrew from all foreign ventures and pulled out of a merger with Ufa Theater Group that would have created Germany’s largest cinema operator. Company’s sales increased to €191 million ($190 million) from $160 […]

  • Thousands of people gather holding protest

    Marchers Reference 'Get Out,' 'Black Mirror' at New York City Women's March

    COLOGNE — Multiplex theater operator Cinemaxx has reported a net loss for 2001 despite a growth in admissions. Last year, the company withdrew from all foreign ventures and pulled out of a merger with Ufa Theater Group that would have created Germany’s largest cinema operator. Company’s sales increased to €191 million ($190 million) from $160 […]

  • Los Angeles Women's March

    How to Watch the Los Angeles Women’s March Online

    COLOGNE — Multiplex theater operator Cinemaxx has reported a net loss for 2001 despite a growth in admissions. Last year, the company withdrew from all foreign ventures and pulled out of a merger with Ufa Theater Group that would have created Germany’s largest cinema operator. Company’s sales increased to €191 million ($190 million) from $160 […]

  • Lori Mccreary and Gary Lucchesi PGA

    How Harvey Weinstein Drove the PGA to Combat Sexual Harassment on Set

    COLOGNE — Multiplex theater operator Cinemaxx has reported a net loss for 2001 despite a growth in admissions. Last year, the company withdrew from all foreign ventures and pulled out of a merger with Ufa Theater Group that would have created Germany’s largest cinema operator. Company’s sales increased to €191 million ($190 million) from $160 […]

  • Bob Bakish, President and CEO of

    Viacom CEO Bob Bakish Earned $20.3 Million in 2017

    COLOGNE — Multiplex theater operator Cinemaxx has reported a net loss for 2001 despite a growth in admissions. Last year, the company withdrew from all foreign ventures and pulled out of a merger with Ufa Theater Group that would have created Germany’s largest cinema operator. Company’s sales increased to €191 million ($190 million) from $160 […]

  • Ross Levinson LA Times

    L.A. Times Publisher Placed on Unpaid Leave Amid Sexual Harassment Investigation

    COLOGNE — Multiplex theater operator Cinemaxx has reported a net loss for 2001 despite a growth in admissions. Last year, the company withdrew from all foreign ventures and pulled out of a merger with Ufa Theater Group that would have created Germany’s largest cinema operator. Company’s sales increased to €191 million ($190 million) from $160 […]

  • Time Warner

    Judge Indicates Shutdown Won't Delay AT&T-Time Warner Antitrust Case

    COLOGNE — Multiplex theater operator Cinemaxx has reported a net loss for 2001 despite a growth in admissions. Last year, the company withdrew from all foreign ventures and pulled out of a merger with Ufa Theater Group that would have created Germany’s largest cinema operator. Company’s sales increased to €191 million ($190 million) from $160 […]

More From Our Brands

Access exclusive content