Connect with us

Hi, what are you looking for?

Jewish Business News


Britain’s Cineworld Acquires Canadian Cineplex in $2.15 Billion Deal

es. Cineworld, the second-largest cinema chain in the world, owns by Israeli family Greidinger. The deal would create North America’s biggest operator of movie theatres.

Huge merger in cinema world: British cinema network Cineworld Group acquires Canadian network Cineplex for $2.15 billion (C $ 2.8 billion). The owner of the Cineworld Group is the Greidinger family from Haifa and is managed by Moshe (Mooky) Greidinger.

The annual pre-tax profit to contribute to the acquisition will be US $130 million in the first year. The Sunderland announcement said that combining Cineplex with Regal’s network it acquired last year would make the group the leader in North American cinemas.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

The deal is subject to shareholder approval from both relevant companies and regulators, and according to the announcement it is expected to be completed by the end of the first half of 2020, given that the approvals will be received. The Cineworld Board of Directors has unanimously approved the deal and similarly received from key shareholders.

In February 2018, Cineworld completed its previous huge deal, under which it acquired American Regal Entertainment (at 2.7 billion pounds), a deal that made it the world’s second-largest branch.

The group owns 9,518 movie screens in 790 movie theaters in 10 countries – the UK, USA, Ireland, Poland, Romania, Israel, Hungary, the Czech Republic, Bulgaria, and Slovakia. In Israel, the group operates the Yes Planet cinema network.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.