MOM Park says new operator to take over multiplex

Deals

Although Andrea Buda, marketing director of movie theater operator Cinema City, reportedly told Hungarian news agency MTI that the company is still negotiating on the operation of the multiplex in the MOM Park shopping mall, a press statement sent to the Budapest Business Journal by MOM Park says the movie theater is set for a change of operator.

Buda addressed the issue with MTI after reports earlier suggested that Cinema City was about to lose its contract to operate the facility in MOM Park. Buda told the news agency that negotiations have been ongoing on the contract between MOM and Cinema City for months and a conclusion has not yet been reached.  

However, according to a press statement sent to the Budapest Business Journal by communications agency HPS Experience on behalf of MOM Park, the mall says its cinema will be operated by Cinema City only until January 23, when operations will be taken over by an international company new to the country. The press statement says that renovation works at the cinema will start after January 23, with further information related to the cinema to be issued subsequently.

Commenting on the issue to MTI, Buda recalled that Cinema City’s contract with the nearby Mammut mall expired in October and was never renewed. Currently the company operates a total of 19 cinemas in Hungary and is planning to make further investments in the country.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.