August 17, 2006
CAMBRIDGE, MA — The Brattle Theatre is currently in financial trouble due to art-house competition as well as the DVD market.
Six months ago, the Brattle Theatre, the landmark, single-screen art house movie theater in Harvard Square, announced that unless it raised $500,000 in 2006, it would have to close its doors.
The good news is that about halfway to its deadline, the theater has raised about half the money ($270,000). The bad news is that the Brattle’s financial challenges aren’t likely to go away, even if they hit their target.
For more, read the full story in The Somerville Journal.
August 16, 2006
MARSHALLTOWN, IA — In Marshalltown, the downtown is being revitalized with a primary emphasis on the Orpheum Theatre at the center.
<blockquoteThe renovation of the Orpheum Theater in downtown Marshalltown may be one of the first steps in the city’s pursuit of the Marshalltown City Center Plan.
The Orpheum proposal has been joined with the Iowa Valley Community College District bond referendum coming this September.
For more, read the full story in the Times-Republican.
August 10, 2006
DES PLAINES, IL — In 2003, when brothers Dhitu and Dharmesh Bhagwakar purchased the Des Plaines Theatre in downtown Des Plaines, from a bank which planned to raze the historic landmark in this Chicago suburb and build a drive-thru bank on the site, there was great relief and optimism for the former movie palace.
The Des Plaines Theatre Preservation Society partnered with the building’s new owners, who allowed the group to hold classic film screenings and special events in the twinned theater, while Bollywood features also were screened at the theater. In return for free rent, the Society did volunteer repair work on the old theater, including restoring the Art Deco marquee, plasterwork, and fixing seats, tiles and the restrooms.
As of around six months ago, the Bhagwakars told the Society it would have to start paying rent to continue using the theater, and when the Society declined to pay rent, its repairs and use of the theater began to end.
August 9, 2006
SOUTH BEND, IN — The State Theatre has been purchased and is currently being renovated to become a cultural arts center for concerts, conferences, performances and more.
The new owner, Lester Sumrall, grandson of the late television evangelist Dr. Lester Sumrall is at the forefront of the endeavor. Updates, photos and information can be viewed on the State’s website.
August 8, 2006
SEATTLE, WA — According to Seattle tv stations KOMO-TV4, KING-TV5, KIRO-TV7, and KCPQ-TV13, the Showbox Theater in Seattle had a fire break out this morning at 5:00 AM. The fire department states the fire originated on the roof in an electrical device, probably an HVAC unit. By the time the fire department had arrived, the sprinkler system had been activated. Damage is limited to a 15 foot section of the roof.
August 7, 2006
ANTIOCH, CA — In one Bay Area theater, Regal is testing out a an in-seat device to alert theater employees of a disturbance within the theater:
Loud talking, chair kicking and other movie-theater annoyances may soon be a thing of the past, thanks to a new device similar to the flight attendant call button on airplanes.
Moviegoers at the Regal Deer Valley Cinema complex are testing devices that will alert a theater employee when a fellow patron is behaving badly.
For more, visit the full story on the CBS5 website.
(Thanks to _e.t. for the image)
August 4, 2006
ITHACA, NY — Officials are currently discussing how the profitability of one movie theater affects the planning of the city:
As an elected official who has not endorsed any aspect of the Cayuga Green project, including the seizure of property through eminent domain to advance project goals, the original multiplex theater plans, and the plan to remove the helix to accommodate the preferred developer’s (Bloomfield, Schon & Partners) requests, it may come as no surprise that I plan to vote no, once again, tonight at City Council.
Last year, the operators of Seventh Art (Cinemapolis and Fall Creek Pictures) made a compelling case that a first-run movie theatre might also show those art films which would eat substantially into their profits.
For more, visit the Full Story in the Ithaca Journal.
August 2, 2006
KNOXVILLE, TN — Despite increased revenue, Regal Entertainment Group reported a fall in second quarter earnings.
Regal Entertainment Group (NYSE:RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, today announced fiscal second quarter 2006 results and declared a cash dividend of $0.30 per common share.
Total revenue for the quarter ended June 29, 2006 was $684.6 million, a 6.5% increase from total revenue of $643.1 million for the second fiscal quarter of 2005. Net income was $16.6 million in the second quarter of 2006 compared to net income of $26.4 million in the same period of 2005.
For more, read the full report at Business Wire.
July 31, 2006
WILKES-BARRE, PA — The theaters at the Wyoming Valley Mall abruptly closed on Friday:
The curtain has apparently closed on the Great Escape Theatres at the Wyoming Valley Mall.
A locked steel gate enclosed the darkened lobby to the multiscreen theater complex inside the mall Friday afternoon and no one answered the phone. Three bags of garbage, a cardboard box and a trash can had been placed in the hall outside the theaters' entrance.
Visit the Times Leader Article for the full story.
July 28, 2006
LONG BEACH, CA — After decades under the same ownership, the Art Theatre in Long Beach is being sold, but will remain a cinema:
The venerable Art Theatre isn’t going anywhere, but its owner has decided to retire.
After 33 years running the independent theater on Fourth Street near Cherry Avenue, Howard Linn said he has decided it’s time to let someone else take the reins.
For the full story, visit the Gazette article.