The announcement that German exhibitor CineStar would close its multiplex at Berlin’s famed Sony Center in Potsdamer Platz has thrown the cinema’s participation as a key venue for the Berlin Film F…
, which operates 57 sites with 438 screens across the country. Vue already owns rival exhibitor Cinemaxx, which has 30 sites – including its own multiplex in Potsdamer Platz – and 257 screens. A merger would create Germany’s biggest cinema operator by far.
CineStar is said to be renegotiating its lease with the Sony Center. At the same time, the company is also currently involved in tough collective-bargaining talks with Verdi, Germany’s biggest service-sector trade union. Oxford Properties Management, which represents Sony Center owner Oxford Properties Group, declined to comment.
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