Vista Group signs multi-year extension with Cineworld
Vista Group International has signed a renewed and extended agreement with Cineworld Group plc, which following its £2.4 billion acquisition of USA-based Regal Entertainment Group in March has become the world’s second-largest cinema exhibition chain.
The new agreement continues the relationship in the existing Cineworld territories in which Vista is licensed and installed—the U.K., Ireland and the USA, and extends the term for five years. Now included are a wider range of Vista Entertainment Solutions products, as well as systems provided by Vista Group companies—Movio, Numero and movieXchange Showtimes, which considerably expands the portfolio of complementary Vista Group products within the Cineworld super-circuit.
Kimbal Riley, Vista Group chief executive, stated, “Vista Group has a unique and compelling suite of offerings for global super-circuits and we’re delighted that Cineworld has renewed our relationship and extended it to include new and exciting Vista products. It is testament to our product, to our people, and to the trust that we have built with Cineworld over a long period of time—these are the foundations of this new contract. Cineworld is a renowned global innovator in the exhibition sector and Vista Group and Cineworld will continue to work collaboratively on a number of initiatives to support and enhance that innovation.”
Cineworld deputy CEO Israel Greidinger noted, “We have a longstanding relationship with Vista Group; their products and our collaborative engagement have delivered some outstanding innovation and excellent support for our global business. This new agreement will see us continue to build on that into the future.”