Company overview

Company History

The Cine-UK business was founded in 1995 by a senior management team including Steve Wiener, the current Chief Executive. Since then, the team has been responsible for Cineworld’s development from a start-up to one of the leading cinema groups in the UK - in terms of sites, screens and admissions. The company operates a modern estate with 85% of the portfolio screens being built since 1996.

The management has pursued a clearly defined strategy of developing or acquiring cinemas in key locations that satisfy a number of strict criteria, including local population demographics and the proximity of other leisure facilities.

Cine-UK’s first multiplex cinema was opened in Stevenage in July 1996. Between 1996 and October 2004, the Group opened 34 multiplex cinemas, more than any other exhibitor in the UK, with an aggregate of 384 screens and an average of more than four new multiplexes per year.

In October 2004, the Blackstone Group, acquired the Cine-UK business from a consortium of private equity investors, with the management team reinvesting a proportion of their interests in the business.

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