MK2 raises public funds for cinema renovation without stock market or external groups
Elisha and Nathanaël Karmitz, co-owners of the independent cinema circuit MK2, are raising funds from the general public through a crowdfunding platform to radically transform the MK2 Bibliothèque multiplex in Paris and complete the energy renovation of their entire portfolio of ten Parisian venues. The move avoids recourse to the stock market or external investor groups, reflecting a strategy of independence and public engagement.
Key facts
- MK2 is an independent cinema circuit.
- Elisha and Nathanaël Karmitz are the two bosses (co-owners).
- They are raising funds from the general public via a crowdfunding platform.
- The funds will be used to radically transform the MK2 Bibliothèque multiplex.
- The renovation also aims to complete the energy renovation of their entire portfolio.
- MK2 has ten establishments in Paris.
- The financing method avoids the stock market and external groups.
- The source publication is Le Monde.
Entities
Institutions
- MK2
- Le Monde
Locations
- Paris
- France