The company started its operation in 1995 as joint venture between ITI Cinema and British UCI.

The situation resembles the one with Sony's Walkman, when it is used as a description for portable CC player, despite it being a registered trademark.

In February 2008 it was announced that Multikino would merge with its second largest rival, Silver Screen.

Once the transaction was complete, Multikino operated 19 cinemas with 174 screens in 13 Polish cities.

In 2010, Multikino opened the first cinema network outside Polish borders in Riga - Latvia (August 2010) and in Vilnius - Lithuania (September 2010).