WARSAW: British cinema chain Vue International has bought Polish Cinema3D. The chain has 11 cinemas in Poland, which will be transformed into Multikino units. Additionally, Vue International will buy and invest in three cinemas with 20 screens in Warsaw and Nowy Targ.
Vue International will be taking over Cinema3D cinemas in Biała Podlaska, Gdańsk, Glogów, Gorzów Wielkopolski, Kalisz, Kłodzk, Leszno, Mielec, Świdnica, Świnoujście and Tarnów, according to Polsat News. All the cinemas will be rebranded as Multikino, that previously had 48 cinemas and 343 screens in Poland and the Baltic region.
Both parties refused to reveal the value of the deal, but Vue company informed the media that it didn't have to take out a loan to purchase the Polish cinema chain.
The company has also expanded in Ireland and the UK by buying Showtime and adding 89 cinemas there. After this transaction Vue International holds over 2,000 screens in over 200 cinemas in Poland, Ireland, Germany, UK, Denmark, Holland, Latvia, Lithuania and Italy.