Magazine article Screen International

MK2 Buys Madrid Cinema, Becomes Spain's Third Biggest Exhibitor

Magazine article Screen International

MK2 Buys Madrid Cinema, Becomes Spain's Third Biggest Exhibitor

Article excerpt

Cines Dreams Palacio de Hielo drew 930,000 spectators in 2016.

French film company MK2 has acquired the Cines Dreams Palacio de Hielo in the Spanish capital of Madrid, making it the third biggest exhibitor in the country.

MK2 said in a statement that the 15-screen, 4,200 seat multiplex registered 930,000 entries in 2016, making it the most frequented theatre in Madrid.

The deal was brokered under the supervision of the Spanish law firm Perez-Llorca.

MK2 said the deal made its Spanish circuit the third biggest in the country and the leading circuit in the southern region of Andalusia. It now has 10 cinema theatres with 128 screens, welcoming around five million spectators a year. …

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