Everyman Media Group Acquires Screen Cinemas

Everyman Media Group has announced the acquisition of independent cinema chain Screen Cinemas as part of ambitious expansion plans for its Everyman brand.
The seven new sites will strengthen the portfolio, which includes the maiden venue in Hampstead Village in North London.
The deal kicks off an aggressive nationwide roll out of the brand to achieve its ambitious goal of 50 venues.
The Everyman Media Group, whose board and major shareholders have an enviable retail and leisure pedigree, negotiated the £7 million deal.
Following the transaction, they will comprise Lloyd Dorfman, founder of Travelex; Adam and Sam Kaye founders of the ASK and Zizzi restaurant chains; The Lewis Trust Group incorporating businesses such as River Island and Acorn Hotels; Alex Brick, who helped build Speciality Retail Group and Paul Wise, director of leading city institution The Kyte Group.
Everyman will bring its modern, lifestyle brand to all the Screen sites. Located in Baker Street, Belsize Park, Islington, Oxted, Winchester, Walton and Reigate, in addition to a recently acquired site in the 340,000sq foot development Hammersmith Grove, Everyman Media Group is single-handedly spearheading the revival of independent cinema.
In excess of a million visitors are expected across the venue portfolio.
Daniel Broch, founder and chief executive of Everyman Media Group, said: "Our vision is to bring an innovative customer centric experience to the leisure and hospitality sector. We're really excited about the opportunity to develop our offer across a great portfolio of strategic locations.
"We've exposed a huge market of cinema-goers that are currently not catered for by multiplexes and our business model takes advantage of that. We want to enhance visitors' experiences with an innovative mix of film, live entertainment, waiter service and a premium food offer," he continued.
(KMcA)