Business news from Ukraine

Business news from Ukraine

MULTIPLEX HOLDING SEEKS TO BOOST NUMBER OF CINEMA HALLS BY 30%

29 March , 2019  

Private joint-stock company Multiplex-Holding plans in 2019 to expand the number of cinema halls of the Multiplex cinema chain in Ukraine by 28.7%, to 166 halls, Multiplex-Holding Director General Vitaliy Pysarenko has said.
“In the construction of new cinemas there is a lot to develop. We are always looking for new promising sites. This year we have a huge construction program. We have already opened two cinemas, and we will open four more. We plan to have 166 hall by the end of the year,” Pysarenko said at Retail & Development Business Expo 2019 in Kyiv on Thursday.
According to him, currently the Multiplex network occupies 40% of the Ukrainian film distribution market.
According to Pysarenko, in 2018, the operator sold more than 10 million tickets.
“If in 2012 we sold about 3 million tickets, last year we sold over 10 million tickets. We could call ourselves the largest ticket operator, because those who sell tickets for concerts and events do not have such volumes. We even went against the trend of the entire market: our number of tickets sold grew by 9% year-on-year, and the market in general fell by 4%,” he said.
As of 2019, more than 50% of tickets for movie shows in the Multiplex network are sold online, almost 80% on weekends, and 100% tickets are sold online for film hits, while in 2015, only 5% were sold through this channel.
Multiplex-Holding was founded in 2003. As of March 2019, it had 27 cinemas located in Kyiv, Odesa, Kryvy Rih, Mykolaiv, Cherkasy, Rivne, Khmelnytsky, Zhytomyr, Kherson, Mariupol, Zaporizhia, Dnipro, Poltava, Lviv, Lutsk, Chernihiv and Kharkiv.

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