Odeon Cinemas Group Explained

Odeon Cinemas Group Limited
Former Name:AMC (UK) Acquisition Limited (JuneDecember 2016)
Type:Division
Founder:AMC Theatres
Industry:Cinema
Location:London, England
Area Served:Europe (Finland, Germany, Ireland, Italy, Norway Portugal, Spain, Sweden, United Kingdom)
Parent:AMC Theatres

Odeon Cinemas Group Limited[1] is Europe's largest cinema operator. Through subsidiaries it has over 360 cinemas, with 2900 screens in 14 countries in Europe, 120 cinemas with 960 screens are in the UK.[2] It receives more than 2.2 million guests per week.[3] [4]

Odeon Cinemas Group is a wholly owned subsidiary of AMC Theatres.[5] [6] The company has three main subsidiaries, Nordic Cinema Group, United Cinemas International, and Odeon Cinemas. Nordic Cinema Group in turn owns Finnkino and its subsidiary Forum Cinemas.

History

The company was incorporated in London, England, on 22 June 2016,[7] as part of a $1.2 billion takeover of Odeon Cinemas and United Cinemas International by AMC Theatres. The deal left Odeon Cinemas as a wholly owned subsidiary of Odeon Cinemas Group.[8] AMC claimed after the acquisition that it was the "largest movie exhibition company in the world".[9]

David Anderson was appointed as chief commercial officer on 27 October 2017, replacing Ian Shepherd.[10] [11] When he was appointed, the group managing director was Mark Way and the chief operating officer was Jan Bernhardsson. The company received the 2018 CIPD People Management Awards for "Best international HR initiative".[12] Having won in the "Talent Management" category in 2017.[13]

In March 2018, Reuters reported that AMC was working with Citi to potentially float the company on the London Stock Exchange in a $2 billion IPO.[14] [15]

On March 17, 2020, all of its UK-area theatres temporarily closed due to the COVID-19 pandemic.[16]

Position in group


Notes and References

  1. Web site: 2016-06-22 . Odeon Cinemas Group Limited overview - Find and update company information - GOV.UK . 2024-03-21 . . en.
  2. Web site: Odeon launches diversity strategy . Screen . 29 September 2018 . en . https://web.archive.org/web/20180930033808/https://www.screendaily.com/news/odeon-launches-diversity-strategy/5125795.article . 30 September 2018 . live .
  3. Web site: Bonnier säljer biografer – får in 1,6 miljarder kronor. sv. 2018-03-30. https://web.archive.org/web/20180330211510/https://www.resume.se/nyheter/artiklar/2017/01/23/bonnier-saljer-biografer--far-in-16-miljarder-kronor/. 2018-03-30. live.
  4. News: AMC köper Nordic Cinema Group – Bonnier säljer minoritetsinnehav. Mynewsdesk. 2018-03-30. sv. https://web.archive.org/web/20180330211719/http://www.mynewsdesk.com/se/bonnier/pressreleases/amc-koeper-nordic-cinema-group-bonnier-saeljer-minoritetsinnehav-1761273. 2018-03-30. live.
  5. Web site: AMC to spend 'hundreds of millions' on Odeon cinemas . Screen . 29 September 2018 . en . https://web.archive.org/web/20180930033811/https://www.screendaily.com/news/amc-to-spend-hundreds-of-millions-on-odeon-cinemas/5116733.article . 30 September 2018 . live .
  6. Web site: Lieberman . David . AMC Theatres Becomes World's No. 1 Chain As Odeon & UCI Deal Closes . Deadline . 29 September 2018 . 30 November 2016 . https://web.archive.org/web/20180930034123/https://deadline.com/2016/11/amc-theatres-closes-odeon-uci-cinemas-deal-1201861948/ . 30 September 2018 . live .
  7. Web site: ODEON CINEMAS GROUP LIMITED . The Gazette . 29 September 2018.
  8. Web site: Ltd . Insider Media . AMC completes blockbuster ODEON deal . Insider Media Ltd . 29 September 2018.
  9. Web site: AMC Theatres Closes Odeon & UCI Acquisition to Become Largest Exhibitor in Europe, World . The Hollywood Reporter . 30 November 2016 . 29 September 2018 . en . https://web.archive.org/web/20180930034159/https://www.hollywoodreporter.com/news/amc-theatres-closes-odeon-uci-acquisition-become-largest-exhibitor-europe-world-951348 . 30 September 2018 . live .
  10. Web site: Odeon & UCI chief operating officer Ian Shepherd exits . Screen . 29 September 2018 . en . https://web.archive.org/web/20180930081156/https://www.screendaily.com/news/odeon-and-uci-chief-operating-officer-ian-shepherd-exits/5117250.article . 30 September 2018 . live .
  11. Web site: Odeon Cinemas Group appoints new chief commercial officer . Screen . 29 September 2018 . en . https://web.archive.org/web/20180930034000/https://www.screendaily.com/news/odeon-cinemas-group-appoints-new-chief-commercial-officer/5123371.article . 30 September 2018 . live .
  12. Web site: 2018 CIPD People Management Awards . People Management . 29 September 2018 . en . https://web.archive.org/web/20180930034022/https://www.peoplemanagement.co.uk/news/articles/opticians-scoops-top-prize-2018-cipd-people-management-awards . 30 September 2018 . live .
  13. Web site: ODEON Cinemas stars in the Award for Talent Management category . Personnel Today . 29 September 2018 . 22 November 2017 . https://web.archive.org/web/20180930033737/https://www.personneltoday.com/hr/personnel-today-awards-2017-award-talent-management/ . 30 September 2018 . live .
  14. Web site: Afanasieva . Dasha . AMC is working with Citi on potential $2 billion float of Odeon... . U.K. . 29 September 2018 . https://web.archive.org/web/20180930034142/https://uk.reuters.com/article/uk-amc-odeon-ipo/amc-is-working-with-citi-on-potential-2-billion-float-of-odeon-cinemas-sources-idUKKBN1H5186 . 30 September 2018 . live .
  15. Web site: White . Peter . AMC Entertainment Eyes $2B London IPO For Odeon Cinemas Group . Deadline . 29 September 2018 . 29 March 2018 . https://web.archive.org/web/20180930034039/https://deadline.com/2018/03/amc-entertainment-eyes-2b-london-ipo-for-odeon-cinemas-group-1202355370/ . 30 September 2018 . live .
  16. News: Coronavirus: Odeon, Vue and Cineworld shut UK cinemas - BBC News . BBC News . 17 March 2020. 2020-03-18 . https://web.archive.org/web/20200317122354/https://www.bbc.com/news/entertainment-arts-51925490 . 2020-03-17 . live .

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