WARSAW: Kino Polska TV S.A will assume 100% of Filmbox International Ltd. shares in an internal move within Kino Polska TV’s majority stakeholder SPI International Group.
The strategy is designed to gain more control within SPI’s company structure.
The Board of Kino Polska TV said that in order for the plan to work the company needs to increase its stock capital by issuing 6 to 7 million shares of stock at a price of no higher than 17 PLN.
SPI International Group is a major distributor of movies and TV shows internationally. The company is headquartered in New York City with local representatives in London, Amsterdam, Warsaw, Bratislava, Budapest and Tel Aviv.
The Film New Europe (FNE) Association is the networking platform for film professionals in the CEE/SEE/Baltics region. The webportal and FNE newswire was chosen as the MAIN TOOL to achieve the network’s objectives of the sharing of know how, visibility of regional cultural diversity and finally the VOICE of the region.
FNE’s objectives include VISIBILITY for the region and AUDIENCES for films by providing a special focus on the region.