Movie mogul Mooky Greidinger, the CEO of Cineworld, the world’s second largest cinema chain and the controlling owner of movie distribution company Forum Film, was convicted in an Israeli court on Tuesday for violating the terms of a merger by admitting to refusing to distribute eight children’s films to the Lev cinema chain in Tel Aviv, a rival of his Rav Hen chain.
According to the plea bargain, Greidinger will receive a fine and a suspended prison sentence. “This is a difficult moment for me. A criminal conviction is not something I was expecting after so many years.”
Source: Convicted Cineworld CEO: “We were the second largest cinema chain in the world. It al | Ctech