Cinema City is a Rotterdam-based cinema operator. Owned by Regal Cineworld and first established in Haifa, Israel, it operates 99 multiplexes and 966 screens across Central and Eastern Europe under the Cinema City banner, and in Israel under the Planet and Rav-Chen banners; it is the third largest film exhibitor in Europe. It also conducts film distribution via its subsidiary Forum Film, and cinema advertising via its subsidiary New Age Media.
Cinema City International also has real estate holdings in Bulgaria, Israel and Poland, including the Mall of Rousse and other plots of land in Bulgaria, plots of land designated to develop an amusement park in Poland, an indirect interest of 39.78% in Ronson Europe NV and an office building in Herzliya, Israel and five other properties in Israel. In 2014, Cinema City International sold its cinema business to British exhibitor Cineworld for approximately £503 million, with the company retaining its real estate assets and taking an approximately 25% minority stake in Cineworld Group.
History
The Greidinger family, the majority owners of Cinema City International N.V., started their cinema business in Haifa, Israel, Moshe Greidinger (grandfather of the company's current CEO also named Moshe Greidinger) started building his first cinema in 1929, which was opened in 1931 as Ein Dor.[2] In 1935, he opened his second cinema in Haifa, Armon Cinema (palace in Hebrew), a large art-deco building that contained 1,800 seats. Armon Cinema became the heart of Haifa’s entertainment district; due to its large capacity, the cinema was often used for performances by the