Cinema Park

Cinema Park is a national cinema chain founded by ProfMedia Holding, part of Interros. One of the main goals of the company is to support the development of the national film industry, support non-profit projects in the field of culture and the release of domestic films.

CINEMA PARK cinema complexes are created by world standards - the condition for their launch is their mandatory compliance with the international SMPTE certificate, the European technical standard of modern multiplex. About CINEMA PARK - CINEMA PARK Network consists of 30 digital cinemas located in 18 cities of Russia. The company ranks first in the number of screens and total box office. The largest partner of IMAX® Corporation in Europe (16 cinemas) and an exclusive representative of the 4DX™ format in Russia. The first in the world launched the LUXE: A RealD Experience premium format hall in St. Petersburg.

Performance indicators

2022: Decrease in revenue of JSC Cinema Park by 43.2%, and LLC RSM - by 47.3%

JSC Cinema Park, the main legal entity of the largest combined cinema network Formula Kino and Cinema Park, in 2022 showed revenues of 4.6 billion rubles. This is 43.2% less compared to the result for 2021 and comparable to the level of 2020 (4.3 billion rubles). The net loss of Cinema Park JSC in 2022 amounted to 1.8 billion rubles, while a year earlier 861.8 million rubles of net profit were received.

The named united cinema network has another legal entity - LLC RSM, which operates 12 cinemas in Moscow, Moscow region, St. Petersburg and the regions. Its revenue decreased in 2022 by 47.3%, amounting to 1.1 billion rubles. Net loss was at 482.4 million rubles against 37 million rubles of net profit in 2021. Read more here.

History

2021: Cinema Park demands the revocation of the license from Trust Bank, but the court refuses

In July 2021, the Arbitration Court Moscow did not revoke the banking license from the bank of bad debts - the court refused to satisfy the requirements of the Cinema Park cinema network to the Central Bank on the forced revocation of the bank's license. " Trust More here

2019: Collaboration with CJ 4DPLEX to open ScreenX Cinema Hall

On June 10, 2019, it became known that the united network of cinemas KINO OKKO (Cinema Park and Formula Kino), together with CJ 4DPLEX, announced the expansion of a strategic partnership, within which the first ScreenX cinema will open in Russia.

ScreenX is a multi-projection technology for cinemas that provides a panoramic view of 270 degrees. To do this, two additional ones on the side walls of the cinema hall will be used as a continuation of the main screen. ScreenX technology combines multiple images into one that extends from the main center screen to additional side screens, allowing viewers to feel inside the film. The authors of the technology are CJ 4DPLEX, which introduced the 4DX format to cinemas.

The ScreenX cinema hall in Russia will open as part of the reconstruction of the Formula Kino Europe cinema in the Evropeyskiy shopping center in accordance with the announced format of cinemas of the united network - KINO OKKO.

{{quote 'author = noted Alexey Vasyasin, Executive Director for Cinema Direction Rambler Group|We consider it necessary to introduce modern technologies into the cinemas of our united network, so that our guests can get a special user experience, which is already available to viewers in some European countries. We believe that in the halls with the most advanced cinema equipment you can get the maximum pleasure from watching modern films, which are created taking into account the development of the industry and user interest. Thanks to ScreenX technology, guests of our cinema will be able to feel in a new way, which means the expression "immerse yourself in the cinema, }}

We are pleased to sign an agreement to expand our strategic partnership with the United Cinema Network Formula Kino and Cinema Park and present our ScreenX technology in Russia,

2017: Rambler & Co, CINEMA PARK and Formula Kino cinemas and Azbuka-Atticus publishing group will merge into a group of companies under a single management

On December 13, 2017, Rambler & Co, CINEMA PARK and Formula Kino cinemas, as well as the ABC-Atticus publishing group announced the merger into a group of companies under a single management. As a result, a unique cross-media ecosystem will be created, covering "all screens" at once: mobile, computer, Smart TV and movie screen.

The vertically integrated structure will carry out a full cycle of activities from content creation (both in text and audiovisual form) to its distribution, display, as well as technological and marketing support, with the ability to maximize audience involvement through a single loyalty program connecting online and offline products and services. For this, the existing media, cinema and publishing assets will be supplemented by the production and distribution of content, as well as an online cinema.

Unique for our country in terms of coverage of areas, consolidation will allow the new cross-media holding to become a strategically flexible structure with high operational efficiency. The best management team will be involved in the work, including international specialists. The group of companies will be headed by Roman Linin, who currently holds the position of General Director of the United Cinema Cinema Network CINEMA PARK and Formula Kino.

First Deputy General Director of the Rambler & Co Group of Companies Tadevosyan Maxim: "The consolidation of media assets and the concentration of efforts of all members of the new alliance in the production and distribution of high-quality content gives me the opportunity to say that this will become one of the largest enterprises in Russia with a focus on infotainment content and related services and services. It will be built on its own classroom technologies, as well as its own distribution in online and offline environments. Our task, using the audience data and available communication channels, is to give the opportunity to see the most relevant and high-quality content, as well as to offer related services to the audience, which is already 57 million people. Starting January 1, 2018, our business partners will have access to integrated marketing solutions in online and offline environments for commercial communications with an economically active audience. At the same time, the characteristics of the created environment indicate that the quality of contacts with advertising messages will be deliberately high. We are confident that in the new realities, effective communication of brands with consumers can only be built in a high-quality content environment, supported by technology and audience data. "

2014: Potanin quits film

Interros Vladimir Potanin (billionaire takes 76th place in the Forbes list in the fall of 2014, the fortune is estimated at $13.6 billion) sells the largest cinema chain in Russia - Cinema Park, Vedomosti reported, citing sources. "The deal is being completed," a representative of Interros confirmed to Gazeta.Ru.

According to Nevafilm Research, Cinema Park owns 30 cinemas with 281 halls. This gives cinema networks 8.1% of the total market in terms of the number of halls (as of February 1, 2014 in Russia, HR counted 3487 commercial cinemas in 1105 cinemas).

2013

Cinema Park's revenue in 2013 amounted to 8.5 billion rubles.