The Kinepolis Group is a Belgian cinema chain formed in 1997 as a result of the merger of two family cinema groups, Bert and Claeys, and has been listed on the stock exchange since 1998.
On 17 September 1998, the world's largest cinema megaplex, Kinepolis MadridCiudad de la Imagen, opened in Spain, with 25 screens and 9,200 seating capacity, with each seating between 211 and 996 people.[11][12][13]
In 2006, the Claeys family withdrew from the venture, selling most of its 25% stake of shares in the company[14] and transferring daily management to Joost Bert, who, since 2008, shares the position of CEO with Eddy Duquenne.[15]
Competition authorityEdit
The Belgian competition authority approved the merger of the company in 1997 on the condition that the company wasn't allowed to grow within Belgium without explicit consent of the authority. This resulted in the resale of the acquired Utopolis cinemas in 2015. Kinepolis tried on several occasions to get the authority to lift the ban, and they succeeded in 2020. From August 2021 the company doesn't need permission to open new locations within Belgium.
Growth and acquisitionsEdit
Kinepolis grew significantly in recent years by opening several new locations, but also by acquiring chains and independent cinemas. Significant acquisitions were Wolff Bioscopen in 2014, Utopolis in 2015, Landmark Cinemas in 2017 and MJR Digital Cinemas in 2019.
In 2011 the company also acquired Brightfish, a Belgian company specialised in cinema advertising.[citation needed]
Core businessesEdit
The Kinepolis Group consists of seven core businesses; box office, in-theater sales (ITS), business-to-business (B2B), film distribution, screen advertising, real estate, and digital cinema services.[16]
ReferencesEdit
^"Kinepolis Group Annual Report 2019" (PDF). corporate.kinepolis.com. Retrieved 2020-04-26.
^Acland, Charles R. (2003). Screen Traffic: Movies, Multiplexes, and Global Culture. p. 136. ISBN978-0822331636.
^John Tagliabue (January 27, 2000). "Now Playing Europe: Invasion of the Multiplex; With Subplots on Pride and Environment". The New York Times. Retrieved November 17, 2009.
^Edmunds, Marlene (June 15, 1998). "Kinepolis Keeps the Plexes Coming". Variety. p. 74.
kinepolis, mexican, cinema, chain, cinépolis, group, belgian, cinema, chain, with, theaters, europe, north, america, europe, third, largest, cinema, chain, group, genttypepublic, traded, aseuronext, brussels, kinindustrycinema, film, distributionfounded1997hea. For the Mexican cinema chain see Cinepolis The Kinepolis Group is a Belgian cinema chain with 110 theaters in Europe and North America It is Europe s third largest cinema chain Kinepolis Group NVKinepolis in GentTypePublic NV Traded asEuronext Brussels KINIndustryCinema film distributionFounded1997HeadquartersGhent BelgiumKey peopleEddy Duquenne CEO Joost Bert Chairman Philip Ghekiere Vice Chairman Number of employees4 600 1 Websitewww wbr kinepolis wbr com Contents 1 History 1 1 Competition authority 1 2 Growth and acquisitions 2 Core businesses 3 ReferencesHistory EditThe Kinepolis Group is a Belgian cinema chain formed in 1997 as a result of the merger of two family cinema groups Bert and Claeys and has been listed on the stock exchange since 1998 The first megaplex cinema in the world is considered to be Kinepolis Brussels located near the Atomium in Brussels Belgium which opened in 1988 with 25 screens and 7 600 seats 2 3 4 5 6 7 8 9 10 On 17 September 1998 the world s largest cinema megaplex Kinepolis Madrid Ciudad de la Imagen opened in Spain with 25 screens and 9 200 seating capacity with each seating between 211 and 996 people 11 12 13 In 2006 the Claeys family withdrew from the venture selling most of its 25 stake of shares in the company 14 and transferring daily management to Joost Bert who since 2008 shares the position of CEO with Eddy Duquenne 15 Competition authority Edit The Belgian competition authority approved the merger of the company in 1997 on the condition that the company wasn t allowed to grow within Belgium without explicit consent of the authority This resulted in the resale of the acquired Utopolis cinemas in 2015 Kinepolis tried on several occasions to get the authority to lift the ban and they succeeded in 2020 From August 2021 the company doesn t need permission to open new locations within Belgium Growth and acquisitions Edit Kinepolis grew significantly in recent years by opening several new locations but also by acquiring chains and independent cinemas Significant acquisitions were Wolff Bioscopen in 2014 Utopolis in 2015 Landmark Cinemas in 2017 and MJR Digital Cinemas in 2019 In 2011 the company also acquired Brightfish a Belgian company specialised in cinema advertising citation needed Core businesses EditThe Kinepolis Group consists of seven core businesses box office in theater sales ITS business to business B2B film distribution screen advertising real estate and digital cinema services 16 References Edit Kinepolis Group Annual Report 2019 PDF corporate kinepolis com Retrieved 2020 04 26 Acland Charles R 2003 Screen Traffic Movies Multiplexes and Global Culture p 136 ISBN 978 0822331636 John Tagliabue January 27 2000 Now Playing Europe Invasion of the Multiplex With Subplots on Pride and Environment The New York Times Retrieved November 17 2009 Edmunds Marlene June 15 1998 Kinepolis Keeps the Plexes Coming Variety p 74 Kinepolis Brussels in Brussels BE Cinema Treasures Kinepolis 16 November 2016 Kinepolis re opens IMAX theatre in Brussels GlobeNewswire Press release Retrieved 28 January 2023 Belgium s Kinepolis Takes The Megaplex On The Road Bloomberg com 1997 10 06 Retrieved 2023 04 14 itinari 2020 Visit Kinepolis Brussels Accessed 25 Dec 2021 DestiMap com Kinepolis Brussels Brussels DestiMap Retrieved 2023 04 14 Mega ambitious Forbes Retrieved 2023 04 14 Watts Christopher Mega ambitious forbes com Retrieved 5 April 2018 Bennett Laura 20 June 2010 Moviegoing in the land of Almodovar Boston com Retrieved 5 April 2018 via The Boston Globe Fabulous Fifteen Film Journal International www filmjournal com Retrieved 5 April 2018 Kinepolis families head for divorce Expatica com Retrieved 2018 04 30 History of the Group Kinepolis Group corporate kinepolis com Retrieved 2018 04 30 Kinepolis core business www kinepolis com Retrieved 8 November 2012 nbsp Wikimedia Commons has media related to Kinepolis Group nbsp nbsp This Belgian company related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Kinepolis amp oldid 1167450155, wikipedia, wiki, book, books, library,
