Transaction Creates One of the World's Largest Cinema Companies
Leading global law firm Baker McKenzie is advising Cineplex in its acquisition by Cineworld Group for $2.1 billion. With nearly 11,200 screens around the world, the proposed transaction will create one of the world’s largest cinema companies.
The transaction ensures that Cineplex’s business, particularly its network of 165 movie theatres across Canada, has access to the global opportunities required to compete effectively in an evolving entertainment landscape. Cineplex’s long legacy of supporting the Canadian entertainment industry and its partners in the arts, including support for film festivals, programs and industry events across Canada, will continue. The transaction also creates a new partner for the Canadian film industry to collaborate with, as Cineworld Group has extensive distribution and exhibition businesses outside of Canada.
The Baker McKenzie team is led by Steven Canner and Creighton Macy and also includes Chris Guldberg and Mark Weiss. Scotiabank is acting as Cineplex’s exclusive financial advisor.
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