Vue Cinemas

Vue Entertainment, brand identity vue, is a movie theater chain headquartered in London. It operates around 85 cinemas with 800 screens in the UK, Ireland, Portugal and Taiwan. The turnover in 2011 was according to the company at the equivalent of around 378 million euros, the number of employees at about 3,000.

History

The company was formed in May 2003 from the merger of, founded by Tim Richards, CEO of Vue Entertainment SBC International Cinemas chain with 36 stores the chain it acquired from Warner Village Cinemas UK. Warner Village Cinema, in turn, was a joint venture founded in 1996 by the U.S. company Warner Brothers with the Australian company Village Roadshow.

In 2005, Aurora Vue Entertainment, the Anglo- Irish cinema chain Ster Century. Ster Century was originally a subsidiary of the South African group Ster-Kinekor, which arose from the acquisition of the South African cinemas from 20th Century Fox in 1969 by the insurance company Sanlam.

In 2006 by a management buy-out, in which the management took a 51 percent stake in Vue, the rest of the Bank of Scotland. 2010 Vue Entertainment on the London investment company Doughty Hanson & Co has been sold.

In July 2012, Vue Entertainment has announced the intention to acquire the Hamburg group Cinemax multiplex cinema with 31 houses in Germany and three in Denmark for 174 million euros. Its largest shareholder, Herbert Kloiber has already approved its share of almost 85 percent to sell. Following the acquisition by Vue Entertainment Cinemax approximately 5100 employees and a turnover of the equivalent of about 570 million euros would.

In June 2013, the London-based affiliate Doughty Hanson & Co Vue Entertainment sold to Canadian pension funds Omer's private equity and Alberta Investment Management for $ 1.5 billion.

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