Cineworld

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Cineworld Group plc
Type Public
Traded as LSECINE
Industry Leisure, Entertainment & Refreshments
Founded 1995
Headquarters London, United Kingdom
Key people Anthony Bloom
(Chairman)
Moshe (Mooky) Greidinger
(Chief Executive)
Revenue £406.1 million (2013)[1]
Operating income £37.5 million (2013)[1]
Net income £21.0 million (2013)[1]
Website

www.cineworldplc.com

www.cineworld.co.uk

Cineworld Group plc is a cinema chain operating in the United Kingdom, Ireland,Jersey and continental Europe as Cinema City International.

The UK chain consists of 81 cinemas, 79 of which are located in the UK, with one each in Ireland and Jersey. It is the second-largest cinema operator in the UK with over 800 screens, and the owner of the single largest multiplex by screens and customer base in Ireland.[2] Cineworld Glasgow Renfrew Street is the tallest cinema in the world and the busiest, by customer base, in the UK.[3] The Cineworld with the greatest number of screens is that located at Valley Centertainment in Sheffield, which has 20.[4] It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

The first Cineworld opened in Stevenage, Hertfordshire in July 1996; the second, in a purpose-built location in Wakefield, Yorkshire, followed in late 1996, with Shrewsbury, Shropshire, following in November 1998. Additional sites were opened at a steady rate throughout the late '90s and early 2000s; in 2005, Cineworld also took over the UK and Ireland operations of French cinema company UGC. (As part of the merger, seven locations were sold to Empire Cinemas, due to UK fair trading law: Birmingham Great Park, Bishop's Stortford, Ealing, Slough, Sunderland, Swindon and Wigan.)

The Blackstone Group invested in Cineworld in 2004 when it was privately owned, and remained the largest shareholder in Cineworld Group PLC until it sold its entire remaining 20% shareholding in November 2010.[5]

Post-merger, Cineworld have continued to open new locations; as of 2013, Cineworld have 81 locations in the UK, Ireland and Jersey and have a number of new locations in the pipeline.

In August 2013, The Guardian revealed that Cineworld employs 80% of its 4,300 staff on zero hour contracts.[6]

In October 2013, The Chester location was closed due to the landowner wanting to develop the land into a supermarket. This has been the first Cineworld to close without being sold and was the first cinema to leave the chain in 8 years.

In 2014 Cineworld's Picturehouse chain was subject to industrial action owing to its refusal to pay the London Living Wage to its staff. The workforce attracted the support of Eric Cantona.[7]

On 27 February 2014 Cineworld completed the takeover of Cinema City International N.V..[8] In what can be seen to be a partial reverse takeover, the Greidinger family (who owned a controlling 54% stake in Cinema City International) hold a controlling bloc as the largest shareholders in the newly formed company.[9]

Cinemas[edit]

Each Cineworld cinema has between 1 and 20 screens, which typically show mainstream general-release films. Some Cineworlds also show broadcasts of opera, theatre, live music and sports. All Cineworlds also have a retail area, where food and drink such as popcorn, nachos or hotdogs can be purchased, Candyking pick and mix outlets are available at the majority of cinemas. Various cinemas sell Ben and Jerry's ice cream but majority were replaced with Baskin Robbins late 2013 early 2014 as part of that brands UK expansion (some older sites have always hosted this Baskin Robbins of ice-cream) only a select few cinemas still remain with Ben & Jerry's. CafeBars and small amusement arcades can also be found at some cinemas. In October 2012, Cineworld began to replace some of its CafeBars with Starbucks Coffee outlets after agreeing a deal with the coffee chain.

As of September 2013, nine Cineworld cinemas have IMAX screens, and eight have D-BOX technology. As new sites open contracts have been signed for installs of both along with further installs of IMAX screens at older sites.

The majority of Cineworld cinemas offer a kids club named "Movies for Juniors", which screen selected children's films on Saturday & Sunday mornings at a discounted rate. During School holidays Movies for juniors is also screened daily at the selected sites

In June 2011, Cineworld began a trial of a premium cinema brand, The Screening Rooms. Located next to the Cheltenham cinema, The Screening Rooms offers considerably larger, leather seating, premium food, and 'table' service.[10]

Cineworld was the only cinema chain in the United Kingdom to operate a 'strict no food and drink policy'[11] on items that have been bought elsewhere,[12] but in November 2012 the food policy was changed and now states that "neither alcohol nor hot food may be brought onto the premises".[13]

As of June 2014 Cineworld have instituted an Allocated Seating system at their cinemas.[14] There is currently (July 2014) a Twitter campaign against this policy.[15] Cineworld have responded to the criticism of the policy stating that it gives customers peace of mind along with other benefits.[16]

Membership schemes[edit]

Cineworld offers a subscription service using a membership card - the "Unlimited Card" - which provides subscribers with unlimited entrance for a set price per month, and currently 10% off all food and drink.[17] It is the only type of cinema subscription service available in the UK, Ireland and Jersey. Admission to 3D features incurs an additional fee, and does not include the cost of 3D glasses. The standard Unlimited card does not grant access to Cineworld's four West End cinemas (Chelsea, Haymarket, Fulham Road and Shaftesbury Avenue); these require the purchase of a more expensive West End Unlimited card. Using the Unlimited branding, Cineworld also published a free monthly magazine entitled Unlimited, presenting information about upcoming movies the chain will be exhibiting. As of Summer 2012 however, the Unlimited name was removed from the magazine and the subsequently the magazine was simply renamed as Cineworld Magazine.

As of 26 November 2012, Unlimited members of 12 months continuous membership will be upgraded to the Unlimited Premium Card which grants 25% off all food and drink bought in cinema, 10% off Starbucks (on site only) and no uplift fees on 3D films.

In addition to the paid Unlimited scheme, Cineworld offer a free membership scheme called "myCineworld", which allows members a 10% discount on tickets when booking online and no additional fees.

Gallery[edit]

Current locations[edit]

Site Screens (#) Origin Notes
AberdeenQueens Links 9 UGC
AberdeenUnion Square 10 Cineworld
Aldershot 7 Cineworld D-Box
Ashford 12 Cineworld
Ashton-under-Lyne 14 Cineworld IMAX
Bedford 6 UGC Further 3 Screens opening Q2 2015
BirminghamBroad Street 12 UGC IMAX
Boldon Tyne and Wear 11 UGC Starbucks Coffee
Bolton 15 UGC Starbucks Coffee
Bradford 16 Cineworld
Braintree 12 Cineworld
Brighton 8 UGC
Bristol 12 Cineworld
Burton upon Trent 9 Cineworld
Bury St Edmunds 8 Cineworld
Cambridge 9 Cineworld
Cardiff 15 UGC
Castleford 14 Cineworld D-Box, IMAX
Cheltenham 11 Cineworld The Screening Rooms, IMAX Opening Q4 2014
Chesterfield 10 Cineworld
Chichester 10 Cineworld IMAX Opening Q4 2014
Crawley 15 UGC D-Box, IMAX, Starbucks Coffee
Didcot 5 Cineworld
Didsbury 11 UGC D-Box
Dublin 17 UGC IMAX
Dundee 9 UGC
Eastbourne 6 UGC
Edinburgh 13 UGC IMAX, Starbucks Coffee
Falkirk 12 Cineworld Starbucks Coffee
GlasgowIMAX at GSC 1 Cineworld IMAX, Starbucks Coffee
GlasgowParkhead 7 UGC
GlasgowRenfrew Street 18 UGC D-Box
Gloucester 10 Cineworld
Harlow 6 UGC
Haverhill 5 Cineworld
High Wycombe 12 Cineworld
Hull 9 UGC
Huntingdon 10 Cineworld
Ipswich 11 UGC IMAX, Starbucks Coffee
Isle of Wight 11 Cineworld
Jersey 10 Cineworld
Leigh 7 Cineworld
Liverpool 8 UGC
Llandudno 9 Cineworld
LondonBexleyheath 9 Cineworld
LondonChelsea 4 UGC
LondonEnfield 15 UGC IMAX, Starbucks Coffee
LondonFeltham 14 Cineworld
LondonFulham Road 6 UGC
LondonHammersmith 4 UGC
LondonHaymarket 3 UGC
LondonIlford 11 Cineworld
LondonShaftesbury Avenue 7 UGC Planning permission granted March 2014 to significantly refurbish this site under the Picturehouse Cinemas brand including a new entrance from the street, members bar and roof terrace.
LondonStaples Corner 6 UGC
LondonThe O2, Greenwich 11 Vue D-Box, Sky Superscreen
LondonWandsworth 14 Cineworld
LondonWembley 9 Cineworld D-Box, Starbucks Coffee
LondonWest India Quay 10 UGC
LondonWood Green 12 Cineworld
Luton 11 Cineworld
Middlesbrough 11 UGC
Milton Keynes 16 Cineworld
Newport 13 UGC Starbucks Coffee
Northampton 9 UGC Starbucks Coffee
Nottingham 14 UGC IMAX
Rugby 9 Cineworld
Runcorn 9 Cineworld
Sheffield 20 UGC IMAX, Starbucks Coffee
Shrewsbury 8 Cineworld
Solihull 9 Cineworld
Southampton 5 UGC
St Helens 11 Cineworld
St Neots 6 Cineworld
Stevenage 16 Cineworld IMAX
Stockport 10 UGC
Strood 9 UGC
Swindon 7 UGC
Telford 11 Cineworld IMAX, D-Box, Starbucks Coffee
Wakefield 9 Cineworld
Weymouth 9 Cineworld
Witney 5 Cineworld
Wolverhampton 14 Cineworld
Yeovil 10 Cineworld

Planned locations[edit]

Site Screens Notes
BirminghamNational Exhibition Centre 11 inc. IMAX Opening Spring 2015, as part of the Resorts World Birmingham complex at the NEC.
Bracknell 12 Opening 2016, as part of the Bracknell Regeneration.
Broughton 11 inc. IMAX As part of the Broughton Shopping Park expansion plans, Opening 2015.
Dover 6 As part of the St. James Development, Opening 2016.
Ely, Cambridgeshire 6 As part of Ely Leisure Village, Opening 2015.
GlasgowSilverburn Centre 14 Opening 2015
Harlow - Harvey Centre 6 As part of Harvey Centre plans, Opening 2014.
Hinckley 5 As part of Crescent Bus Station plans, Opening 2015.[18]
Keighley 8 Opening 2014.
Macclesfield 9 Opening 2016.
Murton, County Durham 7 As part of Dalton Park, Opening 2015.
Newport, Wales - Friars Walk 8 Opening 2015.
Oswestry 5 Opening 2015.
Hanley, Staffordshire 9 Opening 2015 [19]
Ruislip 10 Opening 2015.
Swindon - Regent Circus 6 As part of the Regent Circus plans. Opening 2014.
Trowbridge 8 Opening 2015.
Watford 11 inc. IMAX Opening May 2017.

Former locations[edit]

Site Screens Origin Notes
BirminghamGreat Park 13 UGC Sold to Empire Cinemas in 2005.
Bishop's Stortford 6 Cineworld Sold to Empire Cinemas in 2005.
Chester 6 UGC Closed 10 October 2013.
Ealing 3 UGC Sold to and now closed by Empire Cinemas since early 2009 for "redevelopment"
GloucesterPeel Centre 6 UGC Closed 5 December 2013. Replaced by new cinema at Gloucester Quays development.
Sunderland 12 Cineworld Sold to Empire Cinemas in 2005
Slough 10 UGC Sold to Empire Cinemas in 2005.
Swindon — Greenbridge 12 Cineworld Swindon was the only place to have a UGC & Cine-UK therefore had two Cineworld Cinemas for a brief time. Sold to Empire Cinemas in 2005.
Wigan 11 UGC Sold to Empire Cinemas in 2005.

See also[edit]

References[edit]

  1. ^ a b c "Preliminary Results for year ended 31 December 2013". Cineworld. Retrieved 25 June 2014. 
  2. ^ Cineworld PLC | The Market
  3. ^ Cineworld PLC | Company Overview
  4. ^ Cineworld PLC | About Us
  5. ^ "Blackstone Completes Sale of Remaining Stake in Cineworld". Press release. The Blackstone Group. Retrieved 4 January 2011. 
  6. ^ Simon Neville. "Curzon and Everyman cinema staff on zero-hours contracts | Film". The Guardian. Retrieved 2014-06-25. 
  7. ^ Spanier, Gideon. "Backers pile pay pressure on Cineworld over Brixton Ritzy row". London Evening Standard. Retrieved 24 June 2014. 
  8. ^ http://www.cineworldplc.com/download/pdf/2013-Prelim-Announcement.pdf
  9. ^ http://jewishbusinessnews.com/2014/01/12/israels-mooky-greidinger-agrees-to-sell-cinema-city-chain-of-movie-theatres-to-uk-based-cineworld-for-923-million-in-cash-and-stock/
  10. ^ "Sneak peek at Cheltenham cinema's luxury Screening Rooms". This is Gloucestershire. 17 June 2011. Retrieved 1 June 2012. 
  11. ^ "Cineworld Cinemas - FAQ". Retrieved 9 July 2011. "Can I bring in my own food and drink? - Cineworld have a strict NO FOOD AND DRINK policy." 
  12. ^ Sethi, Anita (20 February 2008). "My mission to beat the great cinema food rip-off ...". The Guardian (London). Retrieved 9 July 2011. 
  13. ^ "Cineworld Cinemas - FAQ". Retrieved 1 December 2012. "2.2 Alcohol and Food Policy: Neither alcohol nor hot food may be brought onto the premises. Only hot food bought on the premises may be consumed on the premises. Alcohol may only be purchased and consumed in Cineworld licensed bar areas or in licensed screens and licensing laws will be strictly enforced." 
  14. ^ http://www.cineworld.co.uk/blog/allocated-seating-is-here
  15. ^ https://twitter.com/AllocatedCine
  16. ^ http://www.cineworld.co.uk/blog/allocated-seating
  17. ^ "Cineworld Cinemas: Unlimited Card Discounts". 
  18. ^ "Work on Hinckley's £80m revamp to start next year". BBC News. 10 October 2013. 
  19. ^ "Cineworld Set for Hanley as part of INTU Potteries expansion plans". The Sentinel. 20 November 2013. 

External links[edit]