×

Vue International Acquires German Multiplex Circuit CineStar

Vue International has acquired CineStar, a leading multiplex circuit in Germany, for an upfront payment of €130 million ($149.8 million), as it aims to expand further its international footprint.

The deal includes a variable of up to €91.8 million ($105.7 million), and sets CineStar’s potential enterprise value at €221.8 million ($255.58 million).

Currently owned by Australian company Event Hospitality & Entertainment Limited (EVT), CineStar boasts 57 premium multiplex sites (55 of which are in operation and two which are new sites opening in late 2018 and mid-2019), with 449 screens. The chain has a strong presence in Germany’s rural areas, as well as in Berlin, where it has seven cinemas, including the CUBIX at Alexanderplatz.

Tim Richards, Vue International’s founder and CEO, said in a statement that it marks Vue’s “third international acquisition this year and further reinforces [Vue’s] commitment to international expansion….

“Germany is an extremely important cinema market and is consistently in the top 10 box-office markets in the world. The acquisition of CineStar supports our strategic and business objectives of developing and owning the highest-quality cinema assets globally,” Richards added.

Earlier this year, Vue acquired Cinema3D in Poland and Showtime Cinemas in Ireland. Vue International also owns and operates Vue Entertainment in the U.K. and Ireland, CinemaxX in Germany and Denmark, Space in Italy, Multikino in Poland, Latvia and Lithuania, Vue Nederland in the Netherlands and SBC in Taiwan.

More Film

  • SAG Awards Placeholder

    How to Watch the SAG Awards Nominations Live

    Awkwafina and Laverne Cox will announce the nominees for the 25th annual Screen Actors Guild Awards on Wednesday at the Pacific Design Center in West Hollywood, Calif. Beginning 10 a.m. ET/PT, the nominations will be carried live on TNT, TBS, and truTV. SAG-AFTRA president Gabrielle Carteris will introduce Awkwafina and Cox. Prior to that announcement, SAG Awards [...]

  • SF Studios Acquires Norwegian Production Company

    SF Studios Acquires Norwegian Production Company Paradox

    SF Studios has acquired Paradox, the well-established Scandinavian company behind Erik Poppe’s “U-July 22,” to launch Norwegian production operations. SF Studios, which will be celebrating its centenary next year, has up until now focused on the production of feature films and drama series in Sweden and Denmark. The company also boasts distribution operations in Norway [...]

  • Osopez Pitches Toon Adult comedy 'Pleasefixers'

    Animation!: Costa Rica's Osopez Pitches 'The Pleasefixers'

    Costa Rican animation studio Osopez is developing 3D CGI black comedy series “The Pleasefixers,” its most ambitious project to date, which has been selected for pitching at Ventana Sur’s 3rd Animation! showcase. Co-created by Osopez’s Ariel Arburola and Carlos Redondo, the 12-episode, 23-minute TV show targets young adults and adults, aged 18-34. “Pleasefixers” follows a [...]

  • ‘The Goalkeeper’s’ Gory Patiño Teams With

    ‘The Goalkeeper’s’ Gory Patiño Teams with Luis Reneo on ‘Pseudo’

    Bolivia’s Gory Patiño, writer-director for his country’s Academy Award submission “The Goalkeeper” – also the highest grossing Bolivian film in 15 years – and his frequent filmmaking partner, Spain’s Luis Reneo, are participating in this year’s Ventana Sur films in progress section with their socio-political thriller “Pseudo.” The project was also selected as a finalist [...]

  • Roy Ashton

    Ventana Sur: The Gersh Agency’s Roy Ashton Talks Pitching 101

    BUENOS AIRES — Roy Ashton, responsible for packaging and selling projects to markets and operators such as Amazon for Hollywood’s The Gersh Agency, spoke to a standing-room-only crowd about the process of pitching successfully to the U.S. market ahead of a script workshop he attended Tuesday afternoon. Ashton emphasized the draw of storytelling on an international [...]

  • Ainbo

    Ventana Sur: CMG Pre-Sells ‘Ainbo’ to Over Half the World (EXCLUSIVE)

    BUENOS AIRES — Marking what looks very much like a new record for animation in Latin America, Edward Noeltner’s Cinema Management Group, the sales company behind Oscar-nominated “Loving Vincent,” has pre-sold “Ainbo – Spirit of the Amazon” to over half the planet. “Ainbo” was picked up by CMG in January 2017 off the first edition [...]

  • Breaking Glass Picks Up Romantic Drama

    Ventana Sur: Breaking Glass Picks up Threesome Drama ‘We Are Three’ (EXCLUSIVE)

    Breaking Glass Pictures has clinched North American rights to Argentine helmer-scribe Marcelo Briem Stamm’s ménage-a-trois drama “We Are Three,” (“Somos Tr3s”), which it first spotted at the Buenos Aires’ 2017 Ventana Sur. Breaking Glass CEO Rich Wolff and Ida Martins of Media Luna New Films closed the deal at this year’s Ventana Sur. The film’s [...]

More From Our Brands

Access exclusive content