Kodak to sell its Kino Mir Moscow flagship cinema

Kodak is selling its landmark central Moscow cinema Kino Mir at the beginning of next year to concentrate on its core business. The sale of the high-profile site which often accounted for a staggering 50% of the total box office profits for the whole of the country, is a sign of improvement in the Russian exhibition business over the last five years. National box office has grown from less than $10m to $50m last year and this year is already 30% ahead of 2000 with the steadily growing ...