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Interros has taken the decision to branch out its Cinema Park chain, previously part of the Profmedia holding company, into an independent business. Representatives from Profmedia and Interros are to sit on the Board of Directors which will take care of the strategic management of the company.
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Topics Cinema Park The biggest national cinema chain Cinema Park has announced today the acquisition of 100% of Rising Star Media shares (operates under the brand name Kinostar de Luxe) from UFG Private Equity, owned by Shari Redstone and Paul Heth. By the end of 2011 Rising Star Media will be fully integrated into the Cinema Park chain. The acquisition was financed by Interros shareholder Vladimir Potanin.
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Topics Cinema Park Holding constituents Rambler Media and Afisha will be united within the framework of a single structure. The company will be built on the base of Rambler. The General Director of the joined company will be Nikolay Molibog, who previously held the post of General Director at Afisha. Dmitry Stepanov and Yekaterina Kruglova, until recently deputy general directors at Afisha, will take on the positions of Products Director and Managing Director, respectively.
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Topics ProfMedia