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Exhib Finnkino plexes muscle

Finland’s largest exhib chain Finnkino has been given the greenlight to proceed with a 4,300-seat 18-plex in downtown Helsinki as part of plans by the plex chain’s new owners to fuel what they are calling “a new age in cinema going on in Finland.”

Financially strapped Finnkino was bought out earlier this year by Rautakirja Oy, Finland’s largest newspaper distributor, kiosk chain and homevideo store owner. The conglom since has acquired all shares of Finnkino owned by Egmont and Nordisk, giving it 100% control of the theater and distrib chain.

Last week Rautakirja’s board of directors also gave the go-ahead to expand its Formi theater in downtown Helsinki from four to six screens, and to inject more than $1 million into upgrade of sound, seating and concessions in the capital city alone.

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