News





KARO announces $150 million investment program

March 22, 2014

KARO Film, one of Russia’s leading and fastest-developing cinema chains, announced a $150 million capital investment and expansion program up to the end of 2015. The program will include the construction and development of Russia’s largest “next generation” movie theatres. Work to construct Russia’s most technically advanced cinema complex—the KARO Vegas 22 Megaplex—has already begun; the complex is set to open in July 2014 in Crocus City (Moscow). The 9,000-square-meter venue will house a total of 5,000 seats across 22 screens. The complex will include three LUXE branded RealD premium large-format halls, and five VIP “Villa” cinema hall areas, each with their own ticketing and concierge service. There will also be 12 full-service boutique bowling lanes developed by industry leader AMF, and a multi-media digital lounge and casual-dining café.

Paul Heth, chief executive officer of KARO, said, “Our company has a rich history as an innovator and leader in the Russian film industry, and combining our operating experience with groundbreaking technology at the new KARO Vegas flagship we will continue to define the next era of moviegoing in Russia. We have now converted all of our venues to digital and constantly strive to remain a leader in cinema technologies.”

In 2014, KARO will open three new deluxe movie theatres in Moscow, including Russia’s second-largest cinema, KARO AviaPark with 18 screens. KARO is also in late-stage negotiations to break ground on “next generation” cinema complexes in St. Petersburg and Siberia in the summer of 2015, with planned openings in early 2016. The company’s investment program for 2014-2015 will also include $22 million on renovating existing venues and increasing the company’s IT capabilities and infrastructure.


KARO announces $150 million investment program

March 22, 2014

KARO Film, one of Russia’s leading and fastest-developing cinema chains, announced a $150 million capital investment and expansion program up to the end of 2015. The program will include the construction and development of Russia’s largest “next generation” movie theatres. Work to construct Russia’s most technically advanced cinema complex—the KARO Vegas 22 Megaplex—has already begun; the complex is set to open in July 2014 in Crocus City (Moscow). The 9,000-square-meter venue will house a total of 5,000 seats across 22 screens. The complex will include three LUXE branded RealD premium large-format halls, and five VIP “Villa” cinema hall areas, each with their own ticketing and concierge service. There will also be 12 full-service boutique bowling lanes developed by industry leader AMF, and a multi-media digital lounge and casual-dining café.

Paul Heth, chief executive officer of KARO, said, “Our company has a rich history as an innovator and leader in the Russian film industry, and combining our operating experience with groundbreaking technology at the new KARO Vegas flagship we will continue to define the next era of moviegoing in Russia. We have now converted all of our venues to digital and constantly strive to remain a leader in cinema technologies.”

In 2014, KARO will open three new deluxe movie theatres in Moscow, including Russia’s second-largest cinema, KARO AviaPark with 18 screens. KARO is also in late-stage negotiations to break ground on “next generation” cinema complexes in St. Petersburg and Siberia in the summer of 2015, with planned openings in early 2016. The company’s investment program for 2014-2015 will also include $22 million on renovating existing venues and increasing the company’s IT capabilities and infrastructure.

More Cinemas

Cineplex announces Rec Room social destination concept

Cineplex Entertainment announced plans to develop The Rec Room, billed as Canada’s premier social entertainment destination More »

AMC Theatres hosts ninth Best Picture Showcase

For the ninth straight year, AMC Theatres is bringing all of this year’s Best Picture nominees to its locations More »

Cinemark schedules annual Oscar Movie Week

Cinemark’s annual Oscar Movie Week will take place Feb. 13-22 More »

Carmike Cinemas celebrates National Popcorn Weekend with discount promotions

Carmike Cinemas announced special weekend-long concessions promotions at all 273 of its complexes More »

ADVERTISEMENT



REVIEWS

The Wedding Ringer
Film Review: The Wedding Ringer

Intermittently amusing bro-comedy trifle that confirms Kevin Hart's talent, though not his taste in material. More »

Paddington
Film Review: Paddington

This feel-good, looks-great first-time big-screen adaptation of the beloved British children's stories about a stowaway Peruvian bear finding his, er, bearings in London is much more than just, oops, bearable. The handsome production greatly benefits from a top-notch cast of some of the U.K.’s finest actors and its beautiful blend of CGI-enriched live action and animated ursine star. 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