20131001 Press Release Multikino Sale_c

ITI Group press release
press release online at www.itiholdings.com and www.iti.pl
ITI Group completes the sale of Multikino
Luxembourg, 01 October 2013 – International Trading and Investments Holdings S.A.
Luxembourg (“ITI”, “ITI Group”) announced that it completed the sale of Multikino S.A. (“Multikino”) to
Vue-Entertainment Ltd. (“Vue”). The ITI Group held an 86% interest in Multikino, with the remaining
14% held by Ares Management its long time venture partner in Multikino.
Multikino opened the first multiplex cinema in Poland in Poznan in 1998 and is today the
second largest multiplex cinema operator in Poland. Multikino operates a circuit of 28 cinemas with
231 screens across 22 Polish cities and 2 cinemas with 15 screens in the Baltics. Multikino is a
pioneer in the Polish cinema market being the first fully digital multiplex operator in Poland, having
successfully introduced alternative content to the market through the screening of music concerts,
sports, opera, theatre and other events. The entire Multikino circuit was fully digitalised in 2011.
Vue is a pan-European market leader and one of the largest cinema operators in the world.
Over the last three years, it has doubled the number of cinemas under its ownership from 70 to 146
and nearly doubled its screens from 678 to 1,321. In addition to Multikino, Vue acquired Apollo
Cineams in the UK in May 2012 and CinemaxX, Germany’s second largest operator in July 2012.
Wojciech Kostrzewa, President and CEO of the ITI Group states, “Since its inception back in
1998 Multikino has been promoting the highest standards in cinema operations and management,
establishing itself as the most innovative network in Poland, a position that is equally reflected in its
fair equity value of EUR 48million. We are proud that with Vue a leading industry partner acquires
Multikino, who we know will continue to support and develop Multikino’s high standards and further
build out its leading position in the Polish market.”
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About Vue
Formed in May 2003, Vue Entertainment is a world class operator and developer of modern
state-of-the the-art multiplex cinemas. Following the acquisition of the Apollo UK circuit in May 2012,
the takeover of CinemaxX in July 2012 and the acquisition of Multikino in September 2013, Vue is now
operating over 1,300 screens across 146 multiplex cinemas in the UK, Ireland, Germany, Denmark,
Portugal, Poland, Lithuania, Latvia and Taiwan. In August 2013 OMERS Private Equity (“OPE”), the
private equity investment arm of the OMERS pension plan, in equal partnership with Alberta
Investment Management Corporation (“AIMCo”) acquired Vue Entertainment for an enterprise value of
£935m. For further information visit www.myvue.com.
ITI Group Press Release – 01 October 2013
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For further information please contact:
Romano Fanconi
ITI Services Ltd.
Beustweg 12
8032 Zurich
Phone +41 44 258 88 88
Fax
+41 44 258 88 44
e-mail romano.fanconi@itiholdings.com
ITI Group Press Release – 01 October 2013
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About ITI GROUP
The ITI Group is the leading Polish media and entertainment group, active in television broadcasting, online,
multiplex cinema operations, theatrical distribution and football.
Television Broadcasting
The ITI Group conducts its television broadcast operations primarily through TVN Group, one of Poland’s largest
commercial television networks. The TVN Group owns and operates ten television channels, and is listed on the
Warsaw Stock Exchange (WSE ticker: TVN).
TVN is the principal free-to-air channel recognized in the Polish market as a leading
broadcaster of high quality entertainment and comprehensive independent news. TVN reaches
98% of population in Poland.
TVN7 is an entertainment channel that complements TVN’s offer by broadcasting feature films
and television series. The channel reaches 96% of population in Poland.
TVN24 channel is the leading 24-hour news and current affairs television channel in Poland,
reaching 64% of population Poland.
TVN CNBC is a business news channel launched in cooperation with CNBC Europe. The
channel reaches 59% of population in Poland.
TVN Meteo is Poland’s first dedicated weather channel reaching 62% of population in Poland.
TVN Turbo is Poland’s first thematic channel targeting men and at the same time dedicated
mainly to motorization. The channel reaches 63% of population in Poland.
TVN Style is a thematic channel focused on life styles, health and beauty aimed at women. The
channel reaches 63% of population in Poland.
ITVN is a television channel that targets viewers of Polish origin living abroad. It is available in
Europe, Northern America and Australia.
Telezakupy Mango is the only, all day, teleshopping channel in Poland, reaching 63% of
population.
NTL is a local television channel addressed to residents of Radomsko and surroundings.
TVN Group also owns TVN News & Services Agency, broadest media services agency
operating in Central and Eastern Europe and the only one in the region to offer full complexity
services.
Religia.tv is a thematic channel focusing on religious, cultural and ethical topics. Broadcasting
18 hours a day, the channel reaches 8.3 mio viewers via all major cable and local networks
across Poland. Religia.tv is also available on the digital platforms: n, Cyfra+, Polsat Cyfrowy
and Telewizja na karte, and in the USA on the DISH Network satellite platform.
TTV is a thematic channel focusing on current affairs, news and social interest, available
on cable networks, digital platforms as well as terrestrial digital television. The TVN Group
operates TTV jointly with Stavka Sp. z o.o. TTV reaches 81% of population in Poland.
ITI Group Press Release – 01 October 2013
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Online
Grupa Onet S.A. is the operator of www.onet.pl - Poland’s leading portal and most popular internet destination.
Grupa Onet S.A. is jointly operated by TVN Group and Ringier Axel Springer Media AG. Since 1997 onet.pl
continuously and successfully defines the standards of entertainment, information, communication, e-commerce,
mobile services and online advertising. Onet Group, as one of the largest Polish Internet companies, operates
the leading web properties including thematic vortals.
Onet.plis the largest and the most popular internet medium in Poland. Onet.pl is the internet
leader in Poland in core content: business, finance, law, news,socio-political journalism;
media; sport; touristic.
Sympatia.pl – the most popular dating service in Poland.
Zumi is a service combining the features of map services, online directory and yellow pages.
Vod.onet.pl – is the most popular „video on demand” service in Poland, providing a rich
program offer including Polish and oversees series, TV shows, documentaries, cartoons and
feature films.
Plejada.pl - an interactive multimedia site dedicated to show business.
It is the first project on the Polish market available immediately on launch via three platforms
– Internet, mobile phones and “n” platform.
tvn24.pl - the first news portal in Poland, which combines text, voice and video. The web site
contains extensive video content related to the most important events in Poland and all over
the world. The portal features paid access to the on-line broadcast of the TVN24 channel as
well as information and materials that haven’t been broadcast on television.
tvnwarszawa.pl - a media project dedicated to Warsaw and its residents. TVN Warszawa
focuses on life in Poland's capital, providing high quality news and entertainment
programming.
Digital Platform
nc+, Poland’s leading premium Pay-tv platform, created by way of merger between two market leaders Cyfra+
and n, is jointly operated by TVN Group and Groupe Canal+ S.A. nC+ is Poland’s leading premium DTH pay-TV
operator.
Pay-tv platform nc+ offers 130 selected channels, including 50 in HD standard.
nc+ features the most prestigious sports events and latest movie premieres
straight from cinemas available on six premium channels of the Canal+ Group:
Canal+Family HD, Canal+Family2 HD, Canal+Film HD, Canal+Film2 HD, Canal+ HD+ and
Canal+Sport HD. Pay-tv platform nc+ is an unchallenged leader in the most up-to-date
technologies available in the Polish market, including PVR (personal video recording),
rewinding, fast-forwarding and pausing programmes; Multiroom- enabling television in as many
as six rooms at the same time; VoD+ and netVoD+- programmes and films on demand available
upon connecting the decoding device to the Internet; nc+GO- mobile application which enables
users to watch TV tablets and smartphones. Thanks to the combination of the most extensive
offer of selected contents and the latest technology, nc+ redefines the concept of entertainment.
Pay-tv platform nc+ is available in nationwide points of sale, an online shop and through a call
center.
ITI Group Press Release – 01 October 2013
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Entertainment
The ITI Group operates in its entertainment group owns Legia Poland’s most reknown football club having a
longstanding history.
Legia, founded in 1916 represents Poland’s most recognized soccer club both domestically
and abroad. Legia is the all time league leader having won the Polish Championship 9 times,
the Polish Cup 16 times and winning other trophies.
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Visit the ITI Group main website: www.itiholdings.pl and www.iti.pl
Further ITI Group websites: www.tvn.pl
www.onet.pl
www.ncplus.pl
www.multikino.pl
www.legia.com
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