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The latest movie theater news and updates
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November 16, 2006
Warner Brothers exits from China’s movie theater market
After years of holding a stake in numerous theater operations, Warner Brothers is letting go of its interests in China.
Warner Brothers International Cinemas (WBIC) has decided to pull out of six movie theatres it currently runs with Chinese partners, citing “major regulatory changes.”
The WBIC, a subsidiary of the US media giant Time Warner, has ceased investment in China’s movie theatre market due to major regulatory changes, ‘Beijing News’ reported, quoting a company announcement.
The Chinese government in 2005 barred foreign investors from holding majority stakes in joint ventures in the entertainment sector.
For more, visit the Hindu News Update.
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November 15, 2006
Fullerton Community saves landmark Fox Theatre
“Congratulations, Fullerton CA! Your community efforts and donations have saved the historic Fox Theatre from the wrecking ball, and it’s just been declared a landmark. What are you going to do now?”
Just 20 minutes away from Disneyland is the theatre that introduced talking pictures to Orange County. With a capacity for film and stage entertainment, the Fox Fullerton theatre is contained in a complex including enough viable commercial space to make a thriving cultural destination. Movies, concerts, dinner theatre, restaurants, and retail can all be part of the future in a restored landmark that preserves the past.
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Clive Owen launches appeal for 1911 Cinema
Hollywood star and Tendring resident Clive Owen last night launched an 85,000 appeal for repairs to the Electric Palace cinema in Harwich (England) with a passionate speech.
Mr Owen leant his support to the cinema’s restoration, which has already attracted the backing of Sir John Betjeman, the Electric Palace’s first patron.
The cinema is currently on the English Heritage ‘At Risk Register’ and Mr Owen said that by raising the 85,000 pounds needed for the current work and carrying out the repairs it could come off the list for good.
He added: “My first duty as patron is to formally launch this appeal. We just have to raise the amount needed.”
For more, visit Suffolk & Essex Online.
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Star City Cinemas reopens as a bargain movie house
BRIDGEVILLE, PA — The Star City Cinemas reopened Friday Nov. 10, 2006 under a new name, Screenworks, and is now a bargain movie theater.
As a bargain house, the South Fayette theater will show movies weeks after they open elsewhere. The initial selection, for instance, includes “All the King’s Men” and “The Gridiron Gang,” along with “World Trade Center,” “Talladega Nights: The Ballad of Ricky Bobby” and “Pirates of the Caribbean: Dead Man’s Chest.”
Doors will open at 12:30 p.m., and the movie start times today are staggered from 1 to 2 p.m.
To read more on this, go to the Pittsburgh Post Gazette
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November 14, 2006
Whiteside Theatre public hearing tonight
CORVALLIS, OR — There will be a public hearing of the Historic Resources Commission that will meet tonight, Tuesday, November 14, 2006 at 7:00 PM Madison Avenue Meeting Room, 500 SW Madison Avenue, Corvallis, Oregon. They will discuss the fate of the Whiteside Theatre
They will hear public testimony for and against the proposal by “Whiteside Partners LLC” (a group who would like to purchase the theater. Their proposal is to gut the interior of the theater and to create a strip mall with 3-4 stores and a restaurant.
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Rex Theater is aquired by Chalet Theaters
CLAY CENTER, KS — Chalet Theaters has acquired the Rex Theatre in Clay Center, KS. Jeff Young bought the theater in 1997 and had done extensive work on the beautiful theater.
Chalet Theaters plans extensive renovations. Starting this December, the movie house will be showing double features as well as first run. The town seems very excited about it as even the local newspaper has put in theer comments.
We have posted a story about the theater a recent picture. If you have any more, feel free to send them here. It is nice when people get these older theaters and convert them. This was once a single but was twined in 1997.
(Thanks to Sctheaters for providing the photo and news story.)
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Theater closes, now for sale
The Princess Theatre in LeRoy, Illinois closed recently and has been put on the market (owners are asking $275k). It may be a little pricey but it appears to be turn-key. Check out pics and details at: www.kraftproperties.net/leroy
Bloo
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Paramount Montreal, Toronto, Calgary and a fourth cinema to be renamed Scotiabank
Cineplex whose brands include Cineplex Odeon, Galaxy and Silver City, went hunting for a company to buy the naming rights for its four Paramount-branded cinemas acquired from Famous Players.
Negotiations with landlords are ongoing, but the five Scotiabank-branded Cineplex cinemas are expected to include the Paramount theaters located in Toronto, Montreal, Calgary and Vancouver.
Scotiabank will be advertising its products in Cineplex lobbies. The agreement also includes installing automated banking machines in the five flagship theaters.
For more, visit theGlobe and Mail(reg. reqr’d.).
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November 13, 2006
Fire destroys Montana theater
DEER LODGE, MT — The historic Rialto Theatre in Deer Lodge, Montana was destroyed by fire recently.
Officials continue to investigate what caused a Saturday fire that destroyed the historic Rialto Theater, and those results could be available in a week or two.
Steve Owens, president of Rialto Community Theater Inc., said the volunteer board that oversees theater operations won’t speculate on how the fire started. Instead, they’ll wait for the conclusion of an investigation by the state fire marshal.
After that, a community meeting will be held to discuss the investigation’s outcome and talk about the future of the town’s beloved cultural center. It was the only auditorium in Powell County.
For more, visit theMontana Standard.
Also, you can check out the website of the volunteer group that rehabbed and ran the theater. They have posted pics from the blaze and are seeking donations to rebuild.
(Thanks to CT member empinball for also contributing to this story.)
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Bow Tie Cinemas acquires 95 screens from Crown Theatres
Bow Tie Partners, headed by Charles B. Moss, Jr. and Ben Moss, has announced they have signed an agreement for the acquisition of 95 movie screens in 12 locations in Connecticut and Maryland for an undisclosed amount from Crown Theatres, LLC. With this transaction and with the completion of additional Moss properties currently under construction, Bow Tie Partners will own and operate a network of 137 screens in 17 locations in Colorado, Connecticut, Maryland, upstate New York and Virginia.
Charles B. Moss, Jr. and Ben Moss represent the third and fourth generations of the family owned Moss companies whose interests are centered in the real estate development and entertainment industries.
Bow Tie Partners specializes in the redevelopment of historic and architecturally significant properties by adding value through a combination of physical redevelopment, creative change of use, financial restructuring and market repositioning. The company is known for its circuit of deluxe, intimate, first run cinemas designed to bring style and elegance back to the movie going experience.