Recent News Stories

  1. Donnie Yen embarks on 3-D kung fu dog road movie
  2. Goodbye Mr. Loser makers sue online film critic
  3. Surprise is box office surprise in China
  4. Inside Men continues reign in South Korea
  5. Keeper of Darkness holds top spot in Hong Kong
  6. The Fourth Direction wins top prize in Singapore
  7. Inside Men wins third weekend in South Korea
  8. Ho Yu Hang pulls trigger on Mrs. K
  9. Ko Chun-hsiung (1945-2015)
  10. Mass resignations at Taipei Film Festival
  11. Martian orbits atop China box office
  12. Kitarajanipon wins Hawaii Audience Award
  13. Inside Men fends off newcomers in South Korea
  14. APSA returns awards to Asia
  15. Bona reports lower profit in 2015 Q3
  16. LeTV, cinemas clash over Vanished Murderer
  17. Wallace Chung debuts as director with Sandglass
  18. Hara Setsuko (1920-2015)
  19. Ha Jung-woo and Bae Doo-na enter Tunnel
  20. Local youth fares top Japan box office
  21. Hunger Games finale inflames Greater China
  22. Ode to My Father tops Grand Bell Awards
  23. Inside Men wins South Korea box office
  24. Taiwan takes back spotlight at Golden Horse
  25. Iwai Shunji wraps Rip Van Winkle
  26. Goodbye Mr. Loser team sues film critic
  27. Mozu wins second weekend in Japan
  28. Spectre leads China box office
  29. The Priests remain strong in South Korea
  30. Manang Biring wins animated Cinema One
  31. GTH to split into founding companies
  32. Choi Yong-bae to head BiFan festival
  33. Mozu tops Japan box office
  34. Yuen Woo-ping, Tsui Hark remake Miracle Fighters
  35. EX-Files sequel romances China box office
  36. The Priests possesses South Korean cinemas
  37. Honor Thy Father to open Cinema One Originals
  38. Curtailed Taipei box office data resumes
  39. Hualien withdraws from public listing
  40. Kai Ko to make comeback in Midi Z film

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: