Odeon cinema in The Printworks Manchester set to change hands

Odeon cinema in The Printworks Manchester set to change hands

| The cinema in the iconic urban entertainment venue features 23 screens including an IMAX screen and a VIP Gallery. |

AMC Entertainment bought up the Odeon & UCI Cinemas Group last year, in allowing the deal the Competition and Mergers Authority required AMC to offload the Printworks cinema.

All current employees will be kept on if the changes go ahead, which could take place within weeks.

In 2000 the Printworks was opened to great fanfare as the location for clubs, restaurants and the cinema. The 365,000-square-foot facility is set over four floors and was originally built to house printing presses.

A spokesperson for VUE confirmed that the company is currently in negotiations to own and operate the Odeon Printworks cinema in Manchester.

They said: “AMC have to dispose of this cinema as part of the Undertakings agreed with the Competition and Mergers Authority (CMA) as a result of their acquisition of Odeon Cinemas.

“Vue can confirm that this transaction is now subject to final CMA approval.

“Should the CMA approve the transaction then the cinema would contribute positively to our successful buy and build growth strategy and be included in our ongoing programme of refurbishments so the Printworks cinema continues to be a major part of the out-of-home leisure choices in the Manchester market.”

An Odeon spokesperson added: “To meet the conditions imposed by the UK Competition and Markets Authority (CMA) last December, we have submitted a plan proposing a change of ownership for Printworks, and are waiting for CMA review and approval.

“Our priority has always been to ensure this cinema has a great future for our people and guests, whether under our ownership or someone else’s.

“We’re pleased to have received assurances from Vue that if the CMA approve the plan, they will welcome our colleagues to their wider team and work with us to support them during this period of change.”

Source: The Print Works

Source: Manchester Evening News

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