Recent News Stories

  1. Heaven Knows What takes Tokyo Grand Prix
  2. Leviathan leads APSA nominees
  3. Studios, female protagonists and embezzlement
  4. Close Range Love tops 3rd week at Japan B.O.
  5. Lucy explodes at China box office
  6. Edmund Yeo on the evolution of Malaysian cinema
  7. Kitano receives Samurai Award at Tokyo Fest
  8. Gone Girl leads South Korea B.O.
  9. 12 Citizens, Haider win Rome awards
  10. Cambodia Rising
  11. Marvel's Guardians takes second China weekend
  12. Close Range Love pulls ahead in Japan
  13. Vietnam Media Corp climbs Berlin Wall
  14. Filmex competition goes Middle East
  15. Bride remake tops quiet weekend in South Korea
  16. Breakup Buddies takes RMB1 billion
  17. Empire of Shame wins at Taiwan Doc Fest
  18. Justin Lin starts Hollywood Adventures
  19. Kyoto festival opens in low-key style
  20. Iwai Shunji to direct first anime feature

  21. SAPPRFT to publish hourly box office data
  22. MFF opens with glamour despite funding crisis
  23. Nostalgia and Close Range Love top Japan B.O.
  24. Red Amnesia to open China Onscreen Biennial
  25. Guardians of the Galaxy tops China box office
  26. Drug War tops China Media Awards
  27. Bride remake tops South Korea box office
  28. Asian Star Casting Forum lost in translation
  29. Yoshimoto Kogyo establishes film arm
  30. Youku Tudou adds two executives
  31. China's National Day B.O. biggest on record
  32. HK Asian Film Festival highlights local directors
  33. Rurouni Kenshin continues Japan box office reign
  34. Hairun and Roadshow team up for Mountain Cry
  35. Zhang Jingchu joins Mission: Impossible 5
  36. Viva launches Tagalized Movie Channel
  37. Midi Z's Road to Mandalay goes 4–way
  38. Black & White sequel defeated in Taipei
  39. Taipei to introduce new international incentives
  40. Busan IFF's changing definition of Asia

Aeon buys out Warner Mycal cinemas


Aeon buys out Warner Mycal cinemas

By Patrick Frater

Thu, 20 December 2012, 20:50 PM (HKT)


Exhibition News

Japanese retailing giant Aeon Group is to buy out Warner Bros Entertainment's 50% stake in the Japanese cinema chain Warner Mycal.

Warner Mycal is one of the largest exhibitors in Japan with 60 theatres and 496 screens, and was established in 1993 as a joint venture between Warner and Aeon, which was then known as Mycal.

According to a stock market filing by Aeon the deal is expected to complete in Feb or March 2013.

By combining the Warner Mycal cinemas with Aeon's wholly owned chain, which totals some 70 complexes and 600 screens, the new group expects to become the largest movie theatre operator in Japan. The current market leader is Toho Cinemas, which previously bought out the Virgin chain in Japan.

Aeon, which operates the MaxValue and TopValue supermarket chain and is in the process of buying Tesco's supermarkets in Japan and Carrefour's stores in Malaysia, did not disclose the value of the Warner Mycal stake purchase. But it said that it would fund the purchase from its own balance sheet.

Warner Bros International Cinemas has over the past two decades been a pioneer of multiplex cinemas around the world, opening more than 170 cinemas and almost 1,600 screens in 11 countries internationally. Including Portugal, Japan, Holland, Italy, China, and Taiwan. Most of these have been sold to local players, with Japan remaining the last disposal.


Sign up with your email address for our free weekly newsletter: