Loews Cineplex negotiates multiplex cinema locations

Roughly nine groups intend to build more than 50 multiplexes here in the next few years. Loews international development manager, Kristof Jacunski, confirmed that the group is coming to Poland. Sources close to the company said that Loews is looking at two shopping malls as possible sites: Steen & Strom's mall in the Warsaw district of Targowek; and another site eight kilometers south of Krakow. Portico Development and its partner, Silver Screen World Cinemas, are in the midst of building one cinema in Gdynia and hope to have 10 theaters in Poland. Developer Multikino said it will invest $225 million putting up 15 multiplexes by 2002. U.S.-Canadian firm LCE claims to be the largest cinema operator in the world with 2,900 screens. (Warsaw Business Journal)