SPI to expand in Poland
Published: 10.53 UTC, March 7, 2011 by Chris Dziadul
The SPI International-backed broadcaster Kino Polska TV plans to hold an IPO in the second quarter of this year.
According to Rzeczpospolita, the move will see the company sell 4 million shares, three quarters of which will go to large investors, thereby raising up to PLN38.34 million (Ä9.57 million). This will allow Kino Polska to launch more channels under the Kino Polska brand name.
Although it currently operates just Kino Polska and acts as a distributor for the FilmBox group of services, it also has a licence to operate a channel called Kino Polska Muzyka and plans to both launch Kino Polska International and build up the Filmbox portfolio to include a premium package.
Furthermore, just last Friday (March 4), it applied to the National Broadcasting Council (KRRiT) for a licence for a new DTT channel named Kino Polska Nostalgia.
Kino Polska TV is majority (91.6%) owned by SPI International Polska, with the remaining shares being held by Piotr Reisch, Kino Polska TVís president.