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 (€9.57 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 TV’s president.
