Distrib-exhib Finnkino, which operates Finland’s biggest theater chain, has bought all Sandrew Metronome Finland’s hardtops.
The agreement includes the 10-screen Kinopalatsi and two-screen Maxim in the capital Helsinki and the nine-screen Kinopalatsi in Turku. Maxim is Finland’s oldest movie theater, having opened in 1909.
Swedish parent Sandrew Metronome, which is part of Norway’s Schibsted Group, has divested its theater business elsewhere in the Nordic territory to focus on film distribution and production.
Sandrew Metronome Finland CEO Jukka Vilhunen, a mainstay in Finnish film business for 30 years, is out of a job.
Finnkino is becoming the country’s dominant distribution and exhibition power. Under the deal, it now will distribute Warner products. Earlier in the year it acquired the local distribution of UIP product from Buena Vista Intl.