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The latest movie theater news and updates
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March 30, 2009
National Amusements theater auction sparks interest
Despite the economy and the state of moviegoing, a sale of some National Amusements locations has generated quite a few queries.
Sumner Redstone’s National Amusements has received interest from strategic rivals and private equity firms for its U.S. and U.K. theater chains, two sources with knowledge of the auction said.
Sales books started going out in early March to nearly 60 parties for the U.S. theaters and to about 20 for the U.K. screens, the sources said. They spoke on condition of anonymity because the details of the sale have not been made public.
Two separate auctions, likely to help National Amusements pay about half its looming debt obligations, include 54 theaters in the United States and 21 screens in the United Kingdom.
Read the full story at Reuters.
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Former Cineplex Odeon duo found guilty
Original Cineplex Odeon executives Garth Drabinsky and Myron Gottlieb were found guilty in court this past week.
Former Broadway producers Garth Drabinsky and Myron Gottlieb, founders of the once-thriving theater company Livent, were both found guilty of two counts of fraud and one count of forgery in a Toronto courtroom on Wednesday.
It marked a decidedly downbeat final curtain for the flamboyant showman Drabinsky, who, at his height, dazzled Broadway with free-spending ways the likes of which hadn’t been seen since Florenz Ziegfeld.
Read more in Variety.
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Must Sell 2 theaters in Texas
We are relocating and must sell two theatres we currently own in Texas. They are both single screen fully operational, first run theatres.
Please contact us if you are serious about purchasing.
Rex 254-702-3021
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March 27, 2009
Cinema Treasures at ShoWest
Patrick Crowley and Ross Melnick will be at ShoWest next week talking to exhibitors, technology companies, and journalists about the future of theatrical exhibition.
If you are an exhibitor, technology/equipment provider, publicist, or journalist, and would like to schedule a meeting in Las Vegas, please email Ross Melnick at .
Look for our post-ShoWest coverage upon our return!
(Thanks to Flickr user http2007 for the shot of Vegas.)
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Remembering Cinerama (Part 24: Albuquerque)
REMEMBERING CINERAMA
Part 24: AlbuquerqueThe following is Part Twenty-four in a series of retrospectives on Cinerama, the legendary motion picture process that kicked off the widescreen revolution. The series focuses on providing a market-by-market, film-by-film, historical record of when and where Cinerama and its multi-panel clones were exhibited. The easy-to-reference articles also serve to provide nostalgia to those who experienced the Cinerama presentations when they were new and to highlight the movie palaces in which the memorable events took place.
Part 1: New York
Part 2: Chicago
Part 3: San Francisco
Part 4: Houston
Part 5: Washington, D.C.
Part 6: Los Angeles
Part 7: Atlanta
Part 8: San Diego
Part 9: Dallas
Part 10: Oklahoma City
Part 11: Syracuse
Part 12: Toronto
Part 13: Columbus
Part 14: Montreal
Part 15: Northern New Jersey
Part 16: Charlotte
Part 17: Vancouver
Part 18: Salt Lake City
Part 19: Boston
Part 20: Philadelphia
Part 21: Fresno
Part 22: Detroit
Part 23: MinneapolisAnd now… Part 24: Cinerama Presentations in Albuquerque, New Mexico!
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Webster sold to MassConcerts
HARTFORD, CT — An era is over for the Webster Theatre as it falls upon new ownership.
More than 70 years of family ownership has ended with the sale of the Webster Theatre in Hartford to a Massachusetts concert promoter.
Justine Robertson, whose family built the Barry Square movie house in 1937, has sold the venue for an undisclosed price to John Peters, who takes control of the 1,250-capacity rock club, the largest in Connecticut. The purchase price was not disclosed.
Read more at the Hartford Courant.
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Wants to lease or buy movie theatre
I have been in the movie buisness all my life and now I am looking to lease or buy a small theatre. Please send any suggestions.
Thank you
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March 26, 2009
The show’s over at Ceres' drive-in movie theater
CERES, CA — After a year in limbo, it finally looks like the Ceres Drive-In won’t be opening again.
The era of the drive-in theater is over, and it’s not coming back. At least not to Ceres.
Owners of the Ceres Theatre & Flea Market — the region’s last drive-in — have confirmed that the show will not go on.
They’ve put the property up for sale, asking $2.5 million for the 14-acre “industrial” site.
Read the full story at the Merced Sun-Star.
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Struggling Md. movie theater gets no bidders
HAGERSTOWN, MD — Even after being put up for sale, there is little interest for the Hagerstown 10.
A struggling 10-screen movie theater near Hagerstown has found no bidders at an auction.
Kenny Ridenour, whose family owns the Hagerstown Cinema 10, said he was surprised at the lack of interest in the 39-year-old property.
Read more at WTOP.
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Historic Queens theater to reopen
RIDGEWOOD, QUEENS, NY — It looks like the fight for the Ridgewood Theatre ended in success with plans to reopen it.
An encore is planned this summer for a former vaudeville theater in Queens.
Its new owners say the Ridgewood Theatre will reopen in July with a three-screen cinema and shops.
Read more at Newsday.
UPDATE 3/28: New York Times mention.