Magazine article Screen International

Nordisk Takes Norway Theatrical Lead

Magazine article Screen International

Nordisk Takes Norway Theatrical Lead

Article excerpt

Denmark's largest cinema chain, Nordisk Film Biografer, has become theatrical market leader in Norway after securing a 49% stake in exhibitor Kinosør.

The deal with Kinosør, of the Norwegian municipality of Kristiansand, will see Nordisk purchase a 49% stake of its four theatres, comprising 16 auditoria and 3,321 seats in Southern Norway. Together they sell 500,000 tickets annually.

In 2013 Nordisk Film Biografer registered its best annual result since 1981 in Denmark, with ticket sales of 6.1 million - 43% of total admissions. During the year, the company bought Norway's leading theatrical chain, Oslo Municipal Cinemas, followed by the auditoria in the municipality in Ålesund. With its new acquisition, Nordisk is running 22 theatres accounting for 33% of the annual national turnover.

"Our ambition is to continue growing and strengthening our market leaderships in both Norway and Denmark. Nordisk and its owner, the Egmont Media Concern, believe in cinemas, which have turned out to be strong business even in a time of financial crisis," said John Tønnes, CEO of Nordisk Film Biografer. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.