19/09/2002

Norway is finally in the process of privatising its cinemas, putting on sale Euros27 millions worth Oslo Cinemas, breaking an almost century long tradition for state run and regulated cinemas. Now joining in the process with other Nordic countries, which have run their cinemas privately for decades, Oslo City Council expects to have sold 66 per cent up to 100 per cent of its shares in its cinemas by the end of the year, alone dominating about 25 per cent of Norway’s cinema market.
The properties owned by Oslo Cinemas will be sold separately. Offers are expected to come from abroad as well as from the locals but anyone interested will have until the 17th of December to try to purchase some of the 25 per cent of the Norwegian cinema market. It will though be in the hands of the Oslo City Council to decide who the final owner will be.