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» Film-Tech Forum   » Community   » Film-Yak   » Canada's second largest theatre chain sold to Belgian company

Author Topic: Canada's second largest theatre chain sold to Belgian company
Frank Cox
Phenomenal Film Handler

Posts: 1974
From: Melville Saskatchewan Canada
Registered: Apr 2011

 - posted 09-18-2017 12:17 PM      Profile for Frank Cox   Author's Homepage   Email Frank Cox   Send New Private Message       Edit/Delete Post 
Kinepolis Group NV reaches agreement to purchase
Landmark Cinemas Canada LP
September 18, 2017
Landmark Cinemas Canada LP & TriWest Capital Partners are pleased to announce Landmark Cinemas LP has reached an
agreement to be acquired by Kinepolis Group NV. The conclusion of the transaction is subject to customary government
Landmark Cinemas Canada LP, located in Calgary, Alberta, is Canada’s second largest theatre exhibition company. Founded
in 1965, Landmark operates 44 cinemas and a total of 303 screens throughout Western Canada, Ontario and the Yukon
Territory including five IMAX®, four 'Extra' and one ‘Xtreme’ screen.
Kinepolis Group NV located in Ghent, Belgium, was formed in 1997 through the merger of two family cinema groups and
was listed on the stock exchange in 1998. Kinepolis offers an innovative cinema concept which serves as a pioneering
model within the industry. Kinepolis Group NV has 48 cinemas, and a total of 500 screens spread across Belgium, the
Netherlands, France, Spain, Luxembourg, Switzerland and Poland. In addition to its cinema business, the Group is also
active in film distribution, event organization, on-screen advertising and property management.
“Landmark’s significant investment in recliner seating to create an industry-leading movie-going experience aligns directly
with similar initiatives by Kinepolis across Europe,” said Neil Campbell, Chief Executive Officer, Landmark Cinemas
Canada. “Combining with Kinepolis will also provide Canadian movie lovers with greater access to world class cinema
Eddy Duquenne, CEO of Kinepolis Group, says: “Both Kinepolis and Landmark Cinemas are passionate about offering the
ultimate customer experience. The combination of the Kinepolis three-pillar strategy of being the best cinema operator,
the best marketer and best real estate manager, its focus on providing an excellent customer experience, also through
the use of enhanced customer feedback tools, together with its financial strength provides a unique opportunity to
accelerate the growth of the Landmark Cinema network in Canada. Working together, the two groups will be able to create
long-term value, resulting in an unparalleled customer experience for the Canadian moviegoers.”
“The innovative and entrepreneurial culture that we have been fortunate to build over the past 52 years at Landmark
matches perfectly with Kinepolis,” said Brian F. McIntosh, Executive Chairman, Landmark Cinemas Canada. “Joining the
Kinepolis family is a terrific opportunity for Landmark’s people, who will continue to lead the Canadian business and build
their careers as part of a global leader in the cinema industry. Our guests and business partners will also benefit from the
expertise that Landmark will be able to leverage from Kinepolis.”
About Landmark Cinemas Canada LP, Canada’s second largest motion picture, theatre exhibition company. From a single screen in
1965, today Landmark Cinemas continues to provide the perfect setting for Movie Lovers to connect and share the perfect movie-
going experience. We are connected to the communities we serve and our Cast and Crew are proud to support Kids Help Phone
programs and initiatives. The corporate headquarters for Landmark Cinemas is in Calgary, Alberta. For additional information:
About Kinepolis Group NV,
For more information:
Bill Walker
Chief Operating Officer
Direct: +1 (403) 813-7114

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Marcel Birgelen
Film God

Posts: 2610
From: Maastricht, Limburg, Netherlands
Registered: Feb 2012

 - posted 09-18-2017 04:45 PM      Profile for Marcel Birgelen   Email Marcel Birgelen   Send New Private Message       Edit/Delete Post 
The last time Kinepolis (Belgium) decided to do a large acquisition in the form of CinemaxX (Germany), it didn't really end well (for both of them).

It will be interesting to see if Landmark will end up in uniform corporate Kinepolis "grey-ness" with humongous unmasked screens in front of similarly huge, undressed, bland rectangular boxes.

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Alexandre Pereira
Expert Film Handler

Posts: 126
From: Toronto, Ontario, Canada
Registered: Jan 2016

 - posted 09-18-2017 06:50 PM      Profile for Alexandre Pereira   Author's Homepage   Email Alexandre Pereira   Send New Private Message       Edit/Delete Post 
This means that CP is about to take a giant tank. Landmark is nothing more than a front for CP - or rather the money backing CP. Landmark was a convenient tool for CP to pick up AMC's that they could not take by CB rules. Desperate play to raise capital by selling off Landmark.
If CP implodes the distributors will be to blame for the subsidizing of the non-competitive practices of the oligarchs behind the monopoly of Canadian exhibition - that has lead to the collapse of the Canadian cinema market.

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Dave Bird
Jedi Master Film Handler

Posts: 753
From: Perth, Ontario, Canada
Registered: Jun 2000

 - posted 09-19-2017 09:28 AM      Profile for Dave Bird   Author's Homepage   Email Dave Bird   Send New Private Message       Edit/Delete Post 
Landmark just happens to own a little 5-plex near where we spend the off-season in BC. Sort of clean-ish but broken concessions equipment and butter dispensers (and urinals) languish for years on end. They also appear not to receive (or care) about efficient service, let alone any particular strategy or training from what I can see. A couple dozen patrons at the counter grind things to near gridlock with 8 staff working 5 tills which causes most other would-be customers to walk on by. Dumpy little town of 20,000, don't imagine either the old or new company is overly aware they own it.

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