type public company traded as wse cci industry entertainment and media founded 1929 founder moshe greidinger senior headquarters rotterdam the netherlands registered office area served central and eastern europe israel key people moshe mooky greidinger ceo services movie theaters revenue 267.45 million 2011 1 operating income 24.72 million 2011 1 net income 21.37 million 2011 1 total assets 340.24 million 2011 1 total equity 229.30 million 2011 1 owner cineworld group plc number of employees 4 000 subsidiaries forum film new age media website en.cinemacity.nl imax theatre in prague cinema city in prague rav chen cinema in tel aviv cinema city international n.v. is the largest cinema operator in central and eastern europe as well as in israel and the third largest cinema operator in all of europe . the company operates 99 multiplexes with a total of 966 screens . in the cee countries the company operates cinemas under the cinema city brand name and in israel under the yes planet and rav chen brand names . theatre operations are the company s core business comprising the sale of tickets snacks and beverages in concession stands as well as cinema advertising conducted under its brand name new age media . the company is one of the fastest growing cinema chains in europe with current plans to open 36 new multiplexes approximately 380 screens based on existing binding lease agreements . the company is also a film distributor in all its countries of operations . this business is conducted through its local forum film subsidiaries . the company conducts real estate activities and owns assets located in bulgaria israel and poland and include 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 5 other properties in israel . the company shares are traded on the warsaw stock exchange . a takeover by cineworld was announced in january 2014 . contents 1 history 1.1 international expansion 1.2 ipo on the warsaw stock exchange 1.3 takeover by cineworld 2 see also 3 references 4 external links history edit 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 . 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 israel philharmonic orchestra and the israeli opera . 2 in 1958 the family expended to tel aviv by acquiring the chen cinema in dizengoff square . in 1967 the family entered the film distribution business when it acquired a company named forum film . in 1982 their first multiplex cinema was opened in dizengoff center shopping mall in tel aviv . 3 international expansion edit in 1997 the international expansion of the business started cinema city international n.v. cci was established and opened its first cinema in budapest hungary and by 2005 was the largest multiplex operator in hungary . in 1999 cci started in poland and by 2005 had 12 multiplex theatres there . in 1999 cci bought the only existing multiplex theatre in prague in the czech republic . it also operates multiplex cinemas in bulgaria romania and slovakia . 3 in 2005 cci opened its distribution office forum hungary in budapest . the company represents disney spyglass and revolutionary releasing in hungary . in the first 6 months of 2006 it became the second biggest film distribution company in the country . 3 ipo on the warsaw stock exchange edit in december 2006 cinema city international had an initial public offering on the warsaw stock exchange at a price of 19.30 zloty per share 6.765 raising 106 million at a company value of 343 million after money . the underwriters of the initial public offering were bank austria creditanstalt and ing group . the company chose to list on the warsaw stock exchange since poland became its major market representing about 40 % of the group s total revenues . 4 takeover by cineworld edit in january 2014 it was announced 5 that cineworld will buy the entire cinema business of cinema city for an enterprise value of approximately gbp503 million to be paid in cash and shares . cinema city will hold 24.9 % of the issued shares of the consolidated cineworld group . cinema city will retain its real estate business which will not be transferred to the combined company . 6 see also edit cinema of israel economy of israel references edit a b c d e cinema city international n.v. annual report for the year ended 31 december 2011 armon cinema ha nevi im street haifa . cinema treasures . retrieved 14 april 2012 . a b c cinema city company history cinema city warsaw ipo based on 343m value . globes . 3 december 2006 . uk group to merge with cinema city international . polskie radio . polskie radio . 2014 01 10 . retrieved 2014 01 10 . under the terms of the deal cineworld will purchase about 100 multiplexes from cci for 503 million pounds . however cci will maintain a 24.9 percent stake in the combined business . cinema city and cineworld combine cinema businesses . cinema city . 2014 01 10 . retrieved 2014 01 10 . moshe greidinger will head cineworld as ceo and israel greidinger will be the coo of cineworld . cinema city will retain its real estate business which will not be transferred to the combined company . external links edit official website yes planet brand official israeli website rav chen brand official israeli website retrieved from https en.wikipedia.org w index.php title cinema city international & oldid 737999592 categories cinema chains in polandentertainment companies of the czech republicentertainment companies of israelentertainment companies of romaniaentertainment companies established in 1929media companies of israelisraeli brandshidden categories official website different in wikidata and wikipedia navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages e tinamagyarrom n edit links this page was last modified on 6 september 2016 at 09 32 . text is available under the creative commons attribution sharealike license ; 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