In the News
Cinema Takeover: Cineworld buys Regal
5th December 2017
Horizontal integration in the cinema industry as Cineworld buys Regal to establish the second biggest cinema operator globally. It is a sizeable bet given increasing competition from online streaming businesses such as Amazon and Netflix.
Many cinemas these days are diversifying out of purely screening films to the conference industry and arenas for people to watch (and perhaps participate) in e-sports.
The UK cinema industry is an oligopoly. Cineworld, Odeon and Vue, the leading three chains, accounted for roughly 70 percent of the exhibitor market combined in 2016 (see the chart below).
Cineworld is buying Regal Entertainment for $3.6 billion https://t.co/K0F9dCiSxV pic.twitter.com/CZJdbxQN4G
— Business Insider (@BusinessInsider) December 5, 2017
Cineworld set to create world's second-largest cinema group after $3.6bn Regal acquisition https://t.co/vo6VPyjZb9 pic.twitter.com/VxkcAfkjAU
— Screen International (@Screendaily) December 5, 2017
- Economics
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- In the News
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Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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