Tuesday 13 November 2012

Cineworld, Picturehouse and My Film.

Cineworld has just bought the Picturehouse chain. They have done this because they have seen that Picturehouse is really profitable and they are trying to reach a greater audience.

Stephen Wiener, chief executive of Cineworld said: "This acquisition gives us an opportunity to accelerate our growth by reaching new audiences in a high value and growing part of the market."





Picturehouse's managing director Lyn Goleby said: "The unique character of Picturehouse cinemas will remain, and our team will continue to bring the widest range of film to customers."

I think some of the films shown at Cineworld might move in to Picturehouse as testing to see if it will make a profit, if more films from cineworld move there it could mean there won't be alot of older and foreign language films.

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