The trio behind Mediawan, the French company which recently acquired a majority stake in Brad Pitt’s Plan B, have made an offer to buy Cgr Cinema, France’s second biggest multiplex chain, Variety has confirmed.
The bid has been made by Pierre-Antoine Capton and French telecom tycoon Xavier Niel, the co-founders of Mediawan. Capton and Niel are being backed by a consortium which includes Matthieu Pigasse, a big-time financier who is the third co-founder of Mediawan, among others. The offer values Cgr Cinemas below €500 million ($300 million), according to a source closed to discussions.
The British fund Aermont Capital has also made an offer, according to the French news site “L’informé.”
Cgr Cinemas comprises 74 multiplexes and represented an estimated 12% market share of theatrical admissions in 2022, according to the Cnc.
Cgr Cinemas’s owners, Luc Raymond and Charles Raymond, put the exhibition chain on the market in 2021. Along with the exhibition part of the business,...
The bid has been made by Pierre-Antoine Capton and French telecom tycoon Xavier Niel, the co-founders of Mediawan. Capton and Niel are being backed by a consortium which includes Matthieu Pigasse, a big-time financier who is the third co-founder of Mediawan, among others. The offer values Cgr Cinemas below €500 million ($300 million), according to a source closed to discussions.
The British fund Aermont Capital has also made an offer, according to the French news site “L’informé.”
Cgr Cinemas comprises 74 multiplexes and represented an estimated 12% market share of theatrical admissions in 2022, according to the Cnc.
Cgr Cinemas’s owners, Luc Raymond and Charles Raymond, put the exhibition chain on the market in 2021. Along with the exhibition part of the business,...
- 3/16/2023
- by Elsa Keslassy
- Variety Film + TV
Slowing emerging from a two-year pandemic, France’s second biggest multiplex chain behind Pathé, Cgr Cinemas, has been put on the market by its owners, Luc Raymond and Charles Raymond, Variety has confirmed.
The family-owned business has an estimated value of about 1.1 billion, according to Jocelyn Bouyssy, Cgr’s long-time managing director who has been tapped to find a buyer for the group.
Founded in 1966 in the Southwestern town of La Rochelle, Cgr Cinemas now boasts 74 venues, over 700 screens and more than 2,000 staffers on the payroll. The company began diversifying in recent years by investing in the French distribution company Apollo Films, as well as in hotels and restaurants.
Under Jouyssy’s leadership, Cgr Cinemas also launched a new premium format called Ice (Immersive Cinema Experience) that outperformed Imax, Dolby Cinema and 4Dx in 2019. In that pre-pandemic year, Cgr Cinemas had an annual revenue of roughly €280 million (303 million), which fell...
The family-owned business has an estimated value of about 1.1 billion, according to Jocelyn Bouyssy, Cgr’s long-time managing director who has been tapped to find a buyer for the group.
Founded in 1966 in the Southwestern town of La Rochelle, Cgr Cinemas now boasts 74 venues, over 700 screens and more than 2,000 staffers on the payroll. The company began diversifying in recent years by investing in the French distribution company Apollo Films, as well as in hotels and restaurants.
Under Jouyssy’s leadership, Cgr Cinemas also launched a new premium format called Ice (Immersive Cinema Experience) that outperformed Imax, Dolby Cinema and 4Dx in 2019. In that pre-pandemic year, Cgr Cinemas had an annual revenue of roughly €280 million (303 million), which fell...
- 4/8/2022
- by Elsa Keslassy
- Variety Film + TV
Viggo Mortensen (Sigmund Freud), Michael Fassbender (Carl Jung), A Dangerous Method Monsieur Lazhar Tops Genie Awards Meilleur Film / Best Motion Picture A Dangerous Method – Martin Katz, Marco Mehlitz, Jeremy Thomas CAFÉ De Flore – Pierre Even, Marie-Claude Poulin, Jean-Marc Vallée * Monsieur Lazhar – Luc Déry, Kim McCraw Starbuck – André Rouleau The Whistleblower – Christina Piovesan, Celine Rattray Meilleure RÉALISATION / Achievement In Direction David Cronenberg – A Dangerous Method Steven Silver – The Bang Bang Club Jean-marc VALLÉE – Café de Flore * Philippe Falardeau – Monsieur Lazhar Larysa Kondracki – The Whistleblower Meilleures Images / Achievement In Cinematography Miroslaw Baszak, C.S.C. – The Bang Bang Club Pierre Cottereau – Café de Flore Jon Joffin – Daydream Nation * Jean-FRANÇOIS Lord – Snow & Ashes Ronald Plante – Monsieur Lazhar Meilleur Montage / Achievement In Editing Jean-FRANÇOIS Bergeron – The Year Dolly Parton Was My Mom Michael Czarnecki – In Darkness Patrick Demers – Jaloux * STÉPHANE Lafleur – Monsieur Lazhar Ronald Sanders, C.C.E. A.C.E. – A Dangerous Method...
- 3/9/2012
- by Steve Montgomery
- Alt Film Guide
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