Market Watch

Odeon UCI Builds on European Screen Footprint


Display Driver IC Forecast

Odeon & UCI Cinemas group has acquired a further seven multiplexes with 51 screens from Italian multiplex player Giometti Cinema, further consolidating its market leading status in the Italian exhibition sector. Following the deal, local branch UCI Italia will control 39 cinemas and 420 screens, well ahead of second ranked player Space Cinema (240 screens). Giometti was a family-owned top five exhibitor with over 100 multiplex screens.

Analysis
Giometti purchase is the latest in a buying spree of multiplex assets for Odeon & UCI Group across Western Europe. Activity has been concentrated in Italy, Spain and Ireland in order to further consolidate its existing market presence. Group now has market leading status in three key markets, namely UK, Italy and Spain. It is also well represented in Portugal, Germany, Ireland and Austria. Group's total operational screen count across Europe now spans 2,119 screens at 225 sites, further extending its lead as the major pan-regional player in Europe. Its largest stronghold by total screen count is the UK market with over 850 screens, in turn accounting for just 40 per cent of its total European screen footprint.

Find Out More > IHS Screen Digest Cinema Intelligence