News





Cineworld acquires Picturehouse Cinemas from Arts Alliance

Dec 7, 2012

Arts Alliance has sold City Screen Group, which trades as Picturehouse Cinemas, to Cineworld Group plc, for £47.3 million in cash. Arts Alliance has been the majority shareholder of Picturehouse since 2002.

Thomas Høegh, founder of Arts Alliance and a director of Picturehouse, commented: “Over the last ten years, Lyn Goleby and her team have been at the forefront of developing a customer-centric, quality cinema experience, and successfully brought the unique Picturehouse proposition to an ever-increasing number of passionate audiences. In Cineworld, Arts Alliance could not have found a better partner for Picturehouse to scale the circuit to many more.”

Picturehouse is the U.K.’s leading art-house cinema operator. It was the first major cinema group in the U.K. to convert 100% of its screens to digital projection. The group also provides programming and ticketing solutions to over 50 independent cinemas throughout the U.K. and Norway, and operates a standalone distribution company, Picturehouse Entertainment. The company reports that revenues and earnings increased more than four-fold between 2002 and 2011.

Arts Alliance continues to own majority interests in Arts Alliance Media, Europe's largest digital-cinema integration company, and Met Film, a fast-growing film school and award-winning feature film production and post-production company. Arts Alliance Media continues to provide digital in-cinema solutions, services and support to Cineworld and to Picturehouse cinemas.


Cineworld acquires Picturehouse Cinemas from Arts Alliance

Dec 7, 2012

Arts Alliance has sold City Screen Group, which trades as Picturehouse Cinemas, to Cineworld Group plc, for £47.3 million in cash. Arts Alliance has been the majority shareholder of Picturehouse since 2002.

Thomas Høegh, founder of Arts Alliance and a director of Picturehouse, commented: “Over the last ten years, Lyn Goleby and her team have been at the forefront of developing a customer-centric, quality cinema experience, and successfully brought the unique Picturehouse proposition to an ever-increasing number of passionate audiences. In Cineworld, Arts Alliance could not have found a better partner for Picturehouse to scale the circuit to many more.”

Picturehouse is the U.K.’s leading art-house cinema operator. It was the first major cinema group in the U.K. to convert 100% of its screens to digital projection. The group also provides programming and ticketing solutions to over 50 independent cinemas throughout the U.K. and Norway, and operates a standalone distribution company, Picturehouse Entertainment. The company reports that revenues and earnings increased more than four-fold between 2002 and 2011.

Arts Alliance continues to own majority interests in Arts Alliance Media, Europe's largest digital-cinema integration company, and Met Film, a fast-growing film school and award-winning feature film production and post-production company. Arts Alliance Media continues to provide digital in-cinema solutions, services and support to Cineworld and to Picturehouse cinemas.

More Cinemas

CineAsia 2014 to honor Indonesian film producer Maya Barack-Evans

Film producer and anti-piracy campaigner Maya Barack-Evans will be honored with the Asia-Pacific Copyright Educator (ACE) Award at CineAsia 2014. More »

Cineasia 2014 To Honor Japan’s Tokyu Recreation with DLP Cinema® Marketing Achievement Award

Tokyu Recreation Co. Ltd., will be honored with the DLP Cinema® Marketing Achievement Award at CineAsia 2014, schedule to take place Dec. 9-11 at the Hong Kong Convention and Exhibition Centre. More »

Hispanic Professionals Honor Marcus Theatres’ Rodriguez

Rolando Rodriguez of Marcus Theatres has received the Executive Leadership Award from the Hispanic Professionals of Greater Milwaukee (HPGM), an organization dedicated to fostering leadership and new initiatives that support Hispanics and Hispanic businesses. More »

Frisco's Wade Park signs iPic Theaters and Pinstripes Bowling

iPic Theaters and Pinstripes, Inc. will headline the entertainment at the Wade Park development in Frisco, Texas More »

ADVERTISEMENT



REVIEWS

The Maze Runner
Film Review: The Maze Runner

Youths try to break out of a deadly maze in the latest young-adult doomsday thriller. More »

This is Where I Leave You
Film Review: This Is Where I Leave You

Siblings bond, fight and face new problems after the death of their father in an ensemble dramedy based on the best-selling novel. More »

Player for the Film Journal International website.


ADVERTISEMENT



INDUSTRY GUIDES

» Blue Sheets
FJI's guide to upcoming movie releases, including films in production and development. Check back weekly for the latest additions.

» Distribution Guide
» Equipment Guide
» Exhibition Guide

ORDER A PRINT SUBSCRIPTION

Film Journal International

Subscribe to the monthly print edition of Film Journal International and get the full visual impact of this valuable resource for the cinema business.

» Click Here

SPONSORSHIP OPPORTUNITIES

Learn how to promote your company at the Film Expo Group events: ShowEast, CineEurope, and CineAsia.

» Click Here