CinemaPark buys KinostarDeluxe

One of the largest national network of cinemas "Cinema Park" (in the group "Prof-Media") announced the purchase of 100% percent stake in Rising Star Media (network of cinemas known as «Kinostar de Luxe») in UFG Private Equity, Shari Redstone and Paul Heta. Rising Star Media is fully integrated into the network "Cinema Park" at the end of 2011. Buying a network occurred at the expense of the Interros Company, namely the efforts of Vladimir Potanin shareholder. The sum of the transaction were not disclosed.

Rising Star Media manages six multiplex cinema in Moscow and St. Petersburg, belonging to the premium class. RSM has a significant market share in terms of film distribution charges in Russia. The company's revenue exceeded $ 100 million for 2010. "Cinema Park" has acquired the status of an absolute leader on the Russian market of cinema exhibition since May 2011, occupying a place on the number of rooms (with a market share of 6.8%). Also "Cinema Park" - the leader in 3D-display as a box-office, and the number of rooms, as well as Europe's largest partner IMAX. By the end of 2010 Cinema Cinema Park visited 12 million, and revenues estimated at $ 120 million.

Shari Redstone and Paul Hecht commented, along with Charles Ryan, Chairman of UFG AssetManagement: «We bring greetings" Interros "," Prof-Media, "and" Cinema Park "with a successful new acquisition. We are very proud to have started this business when no one could believe in cinemas in Russia, and that our vision of the enormous potential of the market was expected. We are very pleased that ProfMedia with a team of "Cinema Park" will continue our business and will deliver the audience a great pleasure to people visiting the cinema. "

14 June 2011
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19 April 2013
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