Cineworld takes UGC

Combination creates Blighty's second largest loop

LONDON — The consolidation of the U.K. exhibition business has continued, with Cineworld U.K. announcing its acquisition of UGC’s loop.

The combination of the Cine-U.K. and UGC theaters will create Britain’s second-largest circuit, after the recently merged Odeon-UCI.

Cineworld is controlled by U.S. venture capitalist Blackstone Group, which bought it in October. It reportedly paid around $400 million for the UGC theaters.

Lawrence Guffey, senior managing director of Blackstone, said, “This latest transaction reaffirms our commitment to the U.K. cinema market, which we continue to believe offers attractive growth prospects.”

The U.K.’s three big chains — Odeon, Cineworld and Vue, which took over the Warner Village multiplexes in 2004 year — are now owned by venture capital groups rather than film companies.

UGC has 408 screens in 42 theaters.

More Film

  • Anne Hathaway Live Fast Die Hot

    Anne Hathaway's 'Barbie' Moved Back Two Years to 2020

    LONDON — The consolidation of the U.K. exhibition business has continued, with Cineworld U.K. announcing its acquisition of UGC’s loop. The combination of the Cine-U.K. and UGC theaters will create Britain’s second-largest circuit, after the recently merged Odeon-UCI. Cineworld is controlled by U.S. venture capitalist Blackstone Group, which bought it in October. It reportedly paid […]

  • Who is Sufjan Stevens? Oscars Introduce

    Who Is Oscar Best Song Nominee Sufjan Stevens, Beloved by Indie-Rock Fans and Music Supervisors?

    LONDON — The consolidation of the U.K. exhibition business has continued, with Cineworld U.K. announcing its acquisition of UGC’s loop. The combination of the Cine-U.K. and UGC theaters will create Britain’s second-largest circuit, after the recently merged Odeon-UCI. Cineworld is controlled by U.S. venture capitalist Blackstone Group, which bought it in October. It reportedly paid […]

  • Bellucci, Belmondo Announced As Lumière Award

    Monica Bellucci, Jean-Paul Belmondo Announced as Guests of Honor at France's Lumière Awards

    LONDON — The consolidation of the U.K. exhibition business has continued, with Cineworld U.K. announcing its acquisition of UGC’s loop. The combination of the Cine-U.K. and UGC theaters will create Britain’s second-largest circuit, after the recently merged Odeon-UCI. Cineworld is controlled by U.S. venture capitalist Blackstone Group, which bought it in October. It reportedly paid […]

  • 'Death of Stalin' Banned in Russia

    Russia Bans Dark Comedy 'The Death of Stalin'

    LONDON — The consolidation of the U.K. exhibition business has continued, with Cineworld U.K. announcing its acquisition of UGC’s loop. The combination of the Cine-U.K. and UGC theaters will create Britain’s second-largest circuit, after the recently merged Odeon-UCI. Cineworld is controlled by U.S. venture capitalist Blackstone Group, which bought it in October. It reportedly paid […]

  • BAFTA L.A. and N.Y. Elect New

    BAFTA L.A., N.Y. Announce New Chair, Board Members

    LONDON — The consolidation of the U.K. exhibition business has continued, with Cineworld U.K. announcing its acquisition of UGC’s loop. The combination of the Cine-U.K. and UGC theaters will create Britain’s second-largest circuit, after the recently merged Odeon-UCI. Cineworld is controlled by U.S. venture capitalist Blackstone Group, which bought it in October. It reportedly paid […]

  • phantom Thread

    The Academy Likes Paul Thomas Anderson and 'Phantom Thread' Even More Than We Realized

    LONDON — The consolidation of the U.K. exhibition business has continued, with Cineworld U.K. announcing its acquisition of UGC’s loop. The combination of the Cine-U.K. and UGC theaters will create Britain’s second-largest circuit, after the recently merged Odeon-UCI. Cineworld is controlled by U.S. venture capitalist Blackstone Group, which bought it in October. It reportedly paid […]

  • Box Office: 'Maze Runner: Death Cure'

    Box Office: 'Maze Runner: The Death Cure' Races Toward $20 Million Opening

    LONDON — The consolidation of the U.K. exhibition business has continued, with Cineworld U.K. announcing its acquisition of UGC’s loop. The combination of the Cine-U.K. and UGC theaters will create Britain’s second-largest circuit, after the recently merged Odeon-UCI. Cineworld is controlled by U.S. venture capitalist Blackstone Group, which bought it in October. It reportedly paid […]

More From Our Brands

Access exclusive content