Karlovarskydenik.cz published an article about changes in the cinema scene in Karlovy Vary brought about by the new Premiere Cinemas theater in the Varyáda shopping center:
As of April 30, Sokolov-based businesswoman Alena Jáchymová will end her tenure at the Time cinema in Karlovy Vary, which remains the property of the city. Mayor Andrea Pfeffer Ferklová (ANO) announced the news. Karlovy Vary is currently seeking a new tenant. The Time cinema is still intended to serve as a festival venue.
Jáchymová has leased the cinema for many years, but she could not withstand the new competition posed by the Premiere Cinemas multiplex, which opened at the Varyáda shopping center at the end of July last year. The first financial problems emerged just weeks after the opening, particularly because it was a somewhat cooler summer. However, the difficult situation continued to worsen, so in September the businesswoman asked Karlovy Vary to reduce the rent for six months, and the city granted her request. Even then, she warned that if nothing changed, she would leave the cinema. Her fears have now come true.
A new operator as early as May 1?
“Ms. Jáchymová approached us with a request to terminate the lease agreement. This will take effect on April 30. We have now approved the issuance of a lease tender. We would like the new lease agreement to take effect on May 1,” said the mayor.
Jáchymová, however, recently invested a considerable amount of money in Time. At the beginning of 2024, the cinema underwent a major renovation, receiving new seats for the first time in 20 years, and new carpeting was also installed. The entire restroom facilities were also renovated. “We have to factor these investments into the entrepreneur’s calculations, because she simply can’t take the seats with her. The assumption is that they would be reflected in the amount of the new rent,” explained Pfeffer Ferklo
Read the full article at Karlovarskydenik.cz