Formula Kino

Formula Kino - the combined network of cinemas "Formula Kino" and "Kronverk Cinema" - these are 36 modern cinemas in Moscow, St. Petersburg, Krasnodar, Murmansk, Novosibirsk, Syktyvkar, Ryazan, Kyiv and Kharkov.

Performance indicators

2022: Decrease in revenue of JSC Cinema Park by 43.2%

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. Read more here.

History

2021: Debt to Trust Bank 19.82 billion rubles

In January 2021, Trust Bank offered billionaire Alexander Mamut to pay off a loan delay of 0.5 billion rubles. and begin negotiations on a new debt restructuring of the United Cinema Park and Formula Kino Cinema Chain.

The total debt of Mamut's structures to the Trust exceeds 23.5 billion rubles. Of this, the main part falls on the film business - 19.82 billion rubles. at the end of December, the amount of delay in the film business in interest payments - 1.1 billion rubles.

In early January 2021, Trust has already filed a lawsuit against Mamut for 1 billion rubles. and wrote off part of the proceeds from the accounts of the United Cinema Network.

2012: Amalgamation with Kronverk Cinema

The merger of the cinema chains Formula Kino and Kronverk Cinema took place in 2012 - a controlling stake in the combined network belongs to the investment company A1. According to the results of 2012, the combined network occupies one of the leading places in Russia both in terms of fees and in terms of the number of halls (250 halls in Russia and 17 halls in Ukraine).