Several operators keen to enter Estonian cinema market

In addition to Forum Cinemas and Cinamon, which already operate on the Estonian cinema market, New European Cinemas, an operator with Latvian background, and the Polish Multikino are also looking for opportunities to enter the Estonian market, the business supplement of Eesti Päevaleht says.

New players might be interested in Estonia because this is the busiest market in the Baltic region, manager of the Tartu-based Cinamon Iveta Kulina told the paper. Moviegoers number around 2.5 million annually.

“We are not interested in the Tallinn market but there is room for one more movie theatre in Tartu,” Kulina said adding that the southwestern city of Pärnu also is an attractive place.

Forum Cinemas, a subsidiary of Finland’s Finnkino, announced on Wednesday plans to acquire the Tallinn-based Solaris Kino. The parties signed preliminary agreements concerning the transfer of ownership and long-term rental of cinema halls on Wednesday.

Source: Estonian Review / BNS