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Paramount cinema billboard: covid-19 "intermission". Photo by Nick Bolton on Unsplash

‘Inflection point’ for cinema exhibition business model

3rd November 20203rd November 2020 TK Architects

The Cinema Business and specifically exhibition have been a challenging business model since their beginning. It enjoyed a golden age, and while forever changed by the advent of television, it has remained a significant, stable, and profitable business. It faced an onslaught of challenges that had many predicting its demise including VCR, Cable, DVD/Blu-Ray, and streaming. The key reason that exhibition survived these challenges is focused and consistent re-invention and innovation. All businesses rely upon partners to provide them products and/or services. Exhibition takes that to another level by relying…

Global asset manager acquires UK/Europe leisure property portfolio

20th October 202020th October 2020 OzSeeker

PineBridge Investments To Acquire Benson Elliot Capital Management London and New York, 14th October 2020, PineBridge Investments (‘PineBridge’), a private, global asset manager focused on active, high-conviction investing, has reached an agreement to acquire Benson Elliot Capital Management (‘Benson Elliot’), a UK-based private equity real estate fund manager. Financial details of the transaction are not being disclosed and the transaction is subject to certain customary regulatory and other approvals. Benson Elliot, which was founded in 2005, manages over US$3.5 billion of equity and holds a diversified portfolio currently comprised of office,…

Somerset cinema and leisure development draws council investment

15th October 202015th October 2020 Leicester Mercury

PLANS to build a cinema and leisure complex in Bridgwater have taken two steps forward this week. Sedgemoor District Council, which owns the site and will be fully funding the scheme, wants Northgate to become a premier attraction for Bridgwater, complete with a seven-screen cinema, four restaurants, a gym and a car park with 111 spaces. Last month the project was awarded £750,000 by the Government to create a cinema led leisure hub and improved open space on the site of the former Northgate Brewery but this week the project took two…