Cinema City loses MOM Park multiplex
Negotiations have come to an end between cinema operator Cinema City and the management of Budapest’s MOM Park shopping mall, as a result of which Cinema City is losing the rights to run the mall’s multiplex cinema, Andrea Buda, the company’s marketing and PR director, told Hungarian news agency MTI.
The announcement follows a period of contradictory reports regarding the multiplexʼs future. A few weeks earlier, Buda had reportedly said negotiations were still underway, but at the same time MOM Park announced that talks were over, putting the future of the multiplex into doubt. The latest development seems to put an end to Cinema City’s involvement in the story.
Initial reports suggest that renovation works at the cinema were due to start after January 23, when Cinema City’s contract expires. Following the renovation, operations will be taken over by an international company new to the country, MOM Park said at the time. Further information related to the cinema is to be issued subsequently, the mall added.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.