Cinema City strengthens presence in Hungary
Israel-based cinema company Cinema City International (CCI) will become a key player in the Hungarian cinema market and film and DVD distribution, according to business daily Világgazdaság.
CCI, which owns a multiplex cinema in Budapest and 11 similar cinemas and 86 screening rooms in other cities, has plans to add 50 screening rooms to its network by the end of 2007, the paper said.
The group also plans to strengthen its position on the Hungarian DVD distribution market. It's new branch, Forum Home Entertainment Hungary, will begin operations on September 1 by distributing DVDs, the royalties of which it has bought from the Warner Brothers, HBO, Sony and New Line film companies.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.