Odeon Cinemas Group

Odeon Cinemas Group 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.[1] It receives more than 2.2 million guests per week.[2][3]

Odeon Cinemas Group
TypePrivate limited company
LSEOCG
IndustryCinema
Founded22 June 2016
FounderAMC Theatres
HeadquartersLondon, England, UK
Area served
Europe
Key people
Adam Aron ((CEO of Parent))
Dan Holland (Chairman of AMC)
ParentAMC Theatres
Subsidiaries
WebsiteOfficial website

Odeon Cinemas Group is a wholly owned subsidiary of AMC Theatres,[4][5] which is owned by the Wanda Group.[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.

HistoryEdit

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, itself owned by the Chinese firm Wanda Group.[8] The deal left Odeon Cinemas as a wholly owned subsidiary of Odeon Cinemas Group.[9] AMC claimed after the acquisition that it was the "largest movie exhibition company in the world".[10]

David Anderson was appointed as chief commercial officer on 27 October 2017, replacing Ian Shepherd.[11][12] 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".[13] Having won in the "Talent Management" category in 2017.[14]

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.[15][16]

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

Position in groupEdit


Wanda Group
AMC TheatresWanda CinemasHoyts
Star TheatresKerasotes TheatresOdeon Cinemas GroupCarmike Cinemas
Starplex Cinemas
Nordic Cinema GroupUnited Cinemas InternationalOdeon Cinemas
FinnkinoFilmstaden
Forum Cinemas

ReferencesEdit

  1. ^ "Odeon launches diversity strategy". Screen. Archived from the original on 30 September 2018. Retrieved 29 September 2018.
  2. ^ "Bonnier säljer biografer – får in 1,6 miljarder kronor" (in Swedish). Archived from the original on 2018-03-30. Retrieved 2018-03-30.
  3. ^ "AMC köper Nordic Cinema Group – Bonnier säljer minoritetsinnehav". Mynewsdesk (in Swedish). Archived from the original on 2018-03-30. Retrieved 2018-03-30.
  4. ^ "AMC to spend 'hundreds of millions' on Odeon cinemas". Screen. Archived from the original on 30 September 2018. Retrieved 29 September 2018.
  5. ^ Lieberman, David (30 November 2016). "AMC Theatres Becomes World's No. 1 Chain As Odeon & UCI Deal Closes". Deadline. Archived from the original on 30 September 2018. Retrieved 29 September 2018.
  6. ^ "AMC Theatres Is Now the Biggest Movie Theater Company in the World". TheWrap. 30 November 2016. Archived from the original on 30 September 2018. Retrieved 29 September 2018.
  7. ^ "ODEON CINEMAS GROUP LIMITED". The Gazette. Retrieved 29 September 2018.
  8. ^ "China-controlled AMC to buy Odeon & UCI Cinemas for $1.2bn". Screen. Archived from the original on 30 September 2018. Retrieved 29 September 2018.
  9. ^ Ltd, Insider Media. "AMC completes blockbuster ODEON deal". Insider Media Ltd. Retrieved 29 September 2018.
  10. ^ "AMC Theatres Closes Odeon & UCI Acquisition to Become Largest Exhibitor in Europe, World". The Hollywood Reporter. Archived from the original on 30 September 2018. Retrieved 29 September 2018.
  11. ^ "Odeon & UCI chief operating officer Ian Shepherd exits". Screen. Archived from the original on 30 September 2018. Retrieved 29 September 2018.
  12. ^ "Odeon Cinemas Group appoints new chief commercial officer". Screen. Archived from the original on 30 September 2018. Retrieved 29 September 2018.
  13. ^ "2018 CIPD People Management Awards". People Management. Archived from the original on 30 September 2018. Retrieved 29 September 2018.
  14. ^ "ODEON Cinemas stars in the Award for Talent Management category". Personnel Today. 22 November 2017. Archived from the original on 30 September 2018. Retrieved 29 September 2018.
  15. ^ Afanasieva, Dasha. "AMC is working with Citi on potential $2 billion float of Odeon..." U.K. Archived from the original on 30 September 2018. Retrieved 29 September 2018.
  16. ^ White, Peter (29 March 2018). "AMC Entertainment Eyes $2B London IPO For Odeon Cinemas Group". Deadline. Archived from the original on 30 September 2018. Retrieved 29 September 2018.
  17. ^ "Coronavirus: Odeon, Vue and Cineworld shut UK cinemas - BBC News". Bbc.com. Archived from the original on 2020-03-17. Retrieved 2020-03-18.