Ritz Center 16

900 Haddonfield-Berlin Road,
Voorhees, NJ 08043

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Showing 1 - 25 of 38 comments

LeicaMan
LeicaMan on March 5, 2014 at 10:39 am

Here we go again… http://deadline.com/2014/03/could-carmikes-strong-q4-earnings-help-to-put-it-in-play/

The exhibition chain’s stock is up about 7.7% so far today, and hit a 52-week high of $32.60, as its stronger-than-expected Q4 earnings delighted investors — and revived speculation that it might soon be ripe for a takeover. Some analysts say that the stars will align if the leading theater ad sales company, National CineMedia, buys its rival Screenvision. That “could happen this year,” B. Riley’s Eric Wold says. And since Carmike owns about 19% of Screenvision, that “would also put Carmike in play to be acquired by one of the top three domestic exhibitors.” Benchmark Co’s Mike Hickey says that a deal would “create a +$300 million asset within Carmike” potentially enticing bidders to offer about $40 per share. Even without a deal, investors like Carmike’s report that its attendance per screen increased about 3% in Q4. That’s a contrast with AMC, Regal, and Cinemark which were down — one analyst attributed that to the holiday season launches of Sony’s PS4 and Microsoft’s XBox One gaming consoles. What accounted for the difference? Wold says that Carmike benefited from its small market theaters which operate “within somewhat competitor-free film zones.” Maxim Group’s John Tinker pointed to “the success of family-oriented films such as Frozen and The Hunger Games, which align well [with Carmike’s] concentration in suburban markets.” And Wedbush Securities’ Michael Pachter noted that the chain bought 52 screens from Cinemark and 147 from Muvico Theaters that “added three IMAX screens, two other premium format screens, and two Bogart’s Bar & Grill restaurants to Carmike’s portfolio.”

HulkieD
HulkieD on December 27, 2013 at 8:18 pm

Went to the new Moorestown Mall theatre and then went here. My jaw dropped when I went into the lobby. Deluxe new carpeting, repaired lighting, fresh coats of paint. The place seemed far warmer and way more alive than I’ve seen it in a LONG time. And you’re right, management and employees are doing a great job. I don’t know what Carmike did as far as training, but they did something right. And I did not expect them to put the maintenance in that they needed.

If higher prices are the tradeoff for this theatre looking like a showpiece again, I’ll gladly pay it. Carmike is doing a wonderful job with this theatre. Even some of the chainwide touches – I’m liking that policy trailer more and more – are nice.

alps
alps on December 20, 2013 at 5:04 pm

Carmike in Voorhees has just raised it’s prices on admission by .25 for day shows, and it’s concessions has gone up as well. Christmas 2013, has too many releases at on time. Management and employees are doing a great job , the best group on young people I experienced working in a theater in a long time. I will say, outstanding!

Mikeoaklandpark
Mikeoaklandpark on November 8, 2013 at 2:41 am

Glad they are better there. Here in Asheville they don’t even use the box office anymore you have to buy tickets at the concession stand which is ridiculous.

HulkieD
HulkieD on November 6, 2013 at 5:56 pm

At Ritz, and from what I’ve seen, I for one welcome our new Carmike overlords. I am very impressed with the staff, the staffing, and the pricing. Talked to a ticket taker and they want to do closer to a 50/50 split between art and mainstream. They’re also changing to digital theatre signage soon -meaning LEDs at box office and auds.

They also have realllly nice specials. $5 wednesdays were a Rave thing they’re continuing, there’s a stimulus tuesday for popcorns and snacks, a $20 industrial sized popcorn tub that can get $3.50 refills all year. Oh and they brought back the twi-lite shows AMC was famous for!

If Carmike is a bad chain, then I must have bad taste in theatres or they know how to run things RIGHT. Far better than any Rave-era trip I’ve made here. They really let it go.

Mikeoaklandpark
Mikeoaklandpark on October 31, 2013 at 12:41 am

Carmike is the worst theater chain around. Good luck I refuse to go to their theater here in NC.

alps
alps on October 30, 2013 at 2:53 pm

Carmike is putting money into the theatre. I like their stimulus tuesday idea, and their $5.50 shows in the afternoon. I don’t like is their ugly standup posters covering the portraits of the great filmmakers, that partrons never heard of.

HulkieD
HulkieD on August 16, 2013 at 3:24 pm

As of today (8/16/2013) this is now a Carmike. They’re listing as “Carmike Ritz Center 16” or “Carmike Ritz 16”. Many employees there are still holdovers from Posel and articles portray them as excited so…

LeicaMan
LeicaMan on July 18, 2013 at 9:27 pm

Ugh!! Bummer Alamo didn’t pick this up as part of their national expansion. Don’t know about you guys, but I don’t know if I want to patronize this theater anymore.

HulkieD
HulkieD on July 18, 2013 at 5:06 pm

Carmike is getting it… :(

http://www.ledger-enquirer.com/2013/07/18/2587463/carmike-cinemas-buying-cinemark.html

LeicaMan
LeicaMan on June 2, 2013 at 10:17 pm

Fingers Crossed!!

LeicaMan
LeicaMan on June 2, 2013 at 10:16 pm

Chuck1231, Cinemark will be operating the theater for now. From the ruling date, May 20th, Cinemark has 90 days to sell the theater or face government penalties.

Some thoughts on the chains that could buy the theater: AMC: They bought a fair number of Rave theaters last year. If they passed then, they’ll likely pass again. In this market, they’re planning on pouring lots of money into the existing theaters (Marlton 8 & Loews Cherry Hill 24). They just finished an extensive renovation of the Marlton 8 with 4K projectors, reclinging leather seats, a new lobby/concessions, etc.

Regal: They are building a new theater in Moorestown that was supposed to be opened by the summer. I think they would rather foues their time and public attention to their new state of the art theater over this theater they just bought.

The court ruling noted that the Ritz sold one million tickets last year. This is a theater that does well financially in a very nice area. I think chains like Landmark, after realizing their mistake, or Alamo Drafthouse, which has no current presence in the greater Philadelphia area and is making moves into the suburbs of Denver and DC, or an eccentric millionaire film geek like Ray Posel would be a good fit. In other words, someone who loves movies.

That being said, the Ritz, while by no means dilapidated, needs a lot of TLC. Since National Amusements installed 2K projectors, which was a bad decision in the long term IMHO, they’ll need to get 4Ks. I’m not so sure about the sound systems, but Dolby Atmos for the two large theaters would be nice.Then there are the little details that made the Ritz, the Ritz. Things like those cool color changing wavy light bars, the deliberate absence of cheap promotion material (Why would you cover up those beautiful classic movie posters with a crappy Hangover 3 cutout?!?!?), basic maintenance of the exterior like power washing the stucco and replacing lightbulbs. I almost forgot the menagerie of goodies they used to serve at the concessions stand!! Always see what I’m missing when I go to the Ritzes in Philly! More Art House/Foreign films are a given! :–) I could go on, but let’s just hope for the best! Fingers Crossed

LeicaMan
LeicaMan on May 31, 2013 at 12:40 pm

@hdtv267, anything is possible so who knows. For posterity, here’s a link to the DoJ ruling. http://www.ofr.gov/(S(00exjxvzd0ot3r0gdyhed3ty))/OFRUpload/OFRData/2013-12762_PI.pdf

hdtv267
hdtv267 on May 30, 2013 at 12:21 pm

well Landmark didn’t take it when they took over the Philadelphia based Ritz theaters. Might that change now?

LeicaMan
LeicaMan on May 30, 2013 at 11:23 am

If I had to guess, I think a higher end chain would be more interested in buying the theater. Think Mark Cuban’s Landmark Theaters or the Alamo Drafthouse. Alamo seems a tad unlikely given the lack of space to build out a full service kitchen.

Another likely reason why said chains would want to buy the theater is the local demographics. Lots of upper middle/upper class folks with $$$ to spend. http://www.poselmanagement.com/images/Ritz_Center_Demographics.pdf

Michael R. Rambo Jr.
Michael R. Rambo Jr. on May 26, 2013 at 4:23 pm

It could be either AMC (Who’s closest theatre is in Cherry Hill), or Regal (Who has one being built in Moorestown, and a 2nd in Burlington)

HulkieD
HulkieD on May 22, 2013 at 3:51 pm

Cinemark won’t be taking over this theatre after all. Due to the proximity with their existing Somerdale theatre (3 miles away), the DOJ has ordered them to sell this off. Wonder who gets this.

HulkieD
HulkieD on November 17, 2012 at 9:58 pm

So I’m looking for a list but this is apparently one of the theatres going to Cinemark. Which would be this theatre’s fourth owner in five years.

Interesting that Cinemark is buying this, because they have a (nicely remodeled) 16 frankenplex not far from here. It boosts their standing in the market instantly, though.

brooklynfilm
brooklynfilm on December 31, 2011 at 9:58 am

A beautiful place when Ray Posel built and ran it. Managed there for about a year. Very popular with the upscale crowd…

HulkieD
HulkieD on March 26, 2010 at 8:33 pm

The official National Amusements to Rave changeover happened today. Showtimes are no longer listed on the NA site, and the theatre is now “Rave Motion Pictures Ritz Center”.

Went there tonight, and saw the first notable changes since the sale:

—Rave ticket stubs, popcorn bags, and uniforms are in use.
—“Showcase Art” is now called “Rave Review”. The old sticky letter box office marquees are still up.
—Coke has replaced Pepsi (yay!)
—No policy trailer on the 3D screening I’ve seen, and no Screenvision digital, just opera music.

It’ll be interesting to see what the signage will look like. The Ritz 16 is practically the exact opposite of Rave’s typical “put neon everywhere” philosophy.

alps
alps on January 26, 2010 at 7:03 pm

World cinema has a very short shelf life here. But, they do have the opera. After three years, this theater did not turn into the nightmare I thought it would. I perfer seeing art films at the Phila. Ritz instead of New York. IFC Center: except for main theater(Waverly)The others are small, boxy, bad projection. Lincoln Plaza: crowed theater no butter for popcorn. Angelika: tunnel cinemas subway train noise. Sunshine: good theater. Ritz Five needs works but Ritz at the Bourse and Ritz East are better art house cinemas than anything in New York.

fred1
fred1 on December 22, 2009 at 11:01 am

`I think business will be same as usual,Rave will honor NA gift cards and other programs till early next year.

HulkieD
HulkieD on December 21, 2009 at 4:09 pm

Rave has officially purchased this theatre and taken over as of last weekend I believe. It’s listed on Rave’s website as “RC Ritz Center 16”.

Should be back there soon to see what, if anything, has changed.

Michael R. Rambo Jr.
Michael R. Rambo Jr. on December 17, 2009 at 10:51 am

Rave Motion Pictures is slated to acquire this theatre, as well as The Bridge: Cinema De Lux, and 33 other National Amusements locations.

ShawnMarkley
ShawnMarkley on August 14, 2008 at 9:40 am

I worked at the Ritz 16 back in high school. It was an amazing place. I got payed minimum wage to clean up garbage (and on one occasion-poop) in the auditoriums. The hours weren’t great and the job itself was demeaning to say the least. However, it was still my favorite place in the world.
People think its a better place now because they sell hot dogs or because they show children’s cartoons in the mornings or because you can watch a Harold and Kumar sequel while eating nachos or whatever your cup of tea is, but honestly the standard has plummeted. Ray Posel dying was the worst thing to happen to modern cinema; and as if that wasn’t bad enough, National Amusements, the worst theater group there is, bought and ruined Ray’s masterpiece. Why not draw a mustache on the Mona Lisa while you’re at it? The Showcase would have already gone out of business by now if it hadn’t been recycled from the Ritz’s corpse.
I also managed a National Amusements theater after college so I am entitled to speak poorly of them. Its a bottom-line kind of corporation that seems to hate their own customers as much as they love profits and every policy they have is ass-backwards.
Don’t get me wrong though. The Showcase is still a better theater than you’re going to find in most places. Some of the Ritz touches are still there and you can even still see some art films and maybe a documentary or two as long as Al Gore is attached in some way. The artwork on the walls may be gone but at least they kept the portraits of yesteryear’s great movie icons. The flowers in the bathrooms is a classy little accent but its really not enough to polish that turd.