AMC acquires Mann Criterion 6
SANTA MONICA, CA — The Mann Criterion 6 will now be under AMC management, giving the company control of all three theaters on the Third Street Promenade. AMC has been working to close the AMC Loew’s Broadway 4 on the Promenade to comply with city-imposed conditions relating to its desire to build a new theater; AMC says this acquisition gives them additional options.
AMC’s acquisition, though, could have implications for the company’s plan to develop a state-of-the-art 12-screen theater on Fourth Street at the present site of Parking Structure No. 3.
AMC and its partner, Metropolitan Pacific Capital, are in the early stages of getting their project entitled and hope to open in 2013. A Planning Commission hearing on the proposed theater concept is scheduled for July 7.
City Hall officials have said AMC will be required to reduce the number of seats at its older theaters so that the opening of the new multi-plex will result in only a “modest” net increase of about 570 theater seats Downtown.
There is more in the Santa Monica Daily Press.