Thakur
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NEW DELHI:United Entertainment
Holdings,the parent company of
cinema chain United Cinemas,has been acquired by Lawson HMV
Entertainment
(LHE), from the Advantage Partners investment
fund.
In a deal said to be worth approximately US
$100 million, Lawson HMV will acquire 100
per cent of the cinema chain's shares. The deal
is expected to be completed on 26 August.
Originally the Japan branch of UCI Cinemas, a
partnership between Paramount and
Universal, United Cinemas International was a
pioneer of the multiplex concept when it
opened its first cinema in Shiga Prefecture. In
2005, United acquired the four cinemas of
Japan's AMC Theatres and it merged with
the Cineplex cinema chain last November.
United is currently the third-largest cinema
chain in Japan, operating 331 screens in 36
cinemas.
A subsidiary of global convenience store
franchise firm Lawson, Lawson HMV
Entertainment operates Japan's HMV stores, a
record label and a popular ticketing service for
concerts, films and other live events.
In a statement released by LHE, the company
says that the deal will enable it to strengthen
its role as a content holder. United Cinemas
will stock LHE and Lawson products, and
members of Lawson's Ponta loyalty programme
will receive special privileges at the ci http://www.indiantelevision.com/movies/hollywood/japans-first-multiplex-chain-acquired-by-lawson-hmv-entertainment-140808
Holdings,the parent company of
cinema chain United Cinemas,has been acquired by Lawson HMV
Entertainment
(LHE), from the Advantage Partners investment
fund.
In a deal said to be worth approximately US
$100 million, Lawson HMV will acquire 100
per cent of the cinema chain's shares. The deal
is expected to be completed on 26 August.
Originally the Japan branch of UCI Cinemas, a
partnership between Paramount and
Universal, United Cinemas International was a
pioneer of the multiplex concept when it
opened its first cinema in Shiga Prefecture. In
2005, United acquired the four cinemas of
Japan's AMC Theatres and it merged with
the Cineplex cinema chain last November.
United is currently the third-largest cinema
chain in Japan, operating 331 screens in 36
cinemas.
A subsidiary of global convenience store
franchise firm Lawson, Lawson HMV
Entertainment operates Japan's HMV stores, a
record label and a popular ticketing service for
concerts, films and other live events.
In a statement released by LHE, the company
says that the deal will enable it to strengthen
its role as a content holder. United Cinemas
will stock LHE and Lawson products, and
members of Lawson's Ponta loyalty programme
will receive special privileges at the ci http://www.indiantelevision.com/movies/hollywood/japans-first-multiplex-chain-acquired-by-lawson-hmv-entertainment-140808
