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» Film-Tech Forum ARCHIVE   » Operations   » Film Handlers' Forum   » Theatres For Sale (Page 3)

 
This topic comprises 3 pages: 1  2  3 
 
Author Topic: Theatres For Sale
Scott D. Neff
Theatre Dork

Posts: 919
From: San Francisco, CA
Registered: Oct 1999


 - posted 08-13-2002 08:02 AM      Profile for Scott D. Neff   Author's Homepage   Email Scott D. Neff   Send New Private Message       Edit/Delete Post 
I was just in Seattle and was amazed to find a building like The Cinema 150 and 70 still standing. I took many pictures and stuck my camera up to as many pieces of glass that would offer a new view into the now gutted lobby.

It's a shame it's so far off the beaten path.

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Paul Cassidy
Jedi Master Film Handler

Posts: 549
From: Auckland, New Zealand
Registered: Aug 2001


 - posted 08-13-2002 08:37 AM      Profile for Paul Cassidy   Author's Homepage   Email Paul Cassidy   Send New Private Message       Edit/Delete Post 
In West Auckland we have a former Village 8 For Sale ,approx $5 million which is about 2.5 million U.S and less in Sterling , the only catch is you can't use it as a cinema , this is owned by Westfield Shopping Town who have opened a Mall cinema about 3 miles down the road and don't want any rival cinema operating there, which is a shame as this is where the largest population is ?????

------------------
A KIWI eats,roots & Leaves.

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John T. Hendrickson, Jr
Jedi Master Film Handler

Posts: 889
From: Freehold, NJ, USA
Registered: Apr 2001


 - posted 08-13-2002 06:49 PM      Profile for John T. Hendrickson, Jr   Email John T. Hendrickson, Jr   Send New Private Message       Edit/Delete Post 
As far as the Clearview sale in the New York-New Jersey area by the geniuses at Cablevision, it's caveat emptor all the way! Cablevision grossly overpaid for the chain to begin with, and now expects to get $100 Million on a fire sale? Good luck.

Most of the locations are ancient and losing money. Sure, the Zeigfeld is a beautiful theater, but take a look at the EDI's. It's losing money hand over fist.

The Morris County locations, which Charles talks about, will only "dominate" the area as long as nobody else comes in and builds on them, and that's a distinct possibility. The major chains seem doomed to reapeat the mistakes of the past.

There is very little in the Clearview portfolio of real value. But like Barnum said, "there's a sucker born every minute."

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Martin Brooks
Jedi Master Film Handler

Posts: 900
From: Forest Hills, NY, USA
Registered: May 2002


 - posted 08-13-2002 10:53 PM      Profile for Martin Brooks   Author's Homepage   Email Martin Brooks   Send New Private Message       Edit/Delete Post 
Their nice theaters are:

* The Ziegfeld, 1,000-seat movie palace on 54th Street in midtown Manhattan. I saw the restored version of Vertigo at the Ziegfeld under Cineplex Odeon ownership. When Cineplex Odeon merged with Loews in 1998 the US Justice Dept. filed an antitrust claim and Loews was forced to spin off some Manhattan theaters. That's how Clearview got the Ziegfeld.
________

Word I have is that Cablevision really wants to sell all the theatres as a group. But I suppose if there are no takers, they will be split up. It would be a shame if someone bought and destroyed the Ziegfeld.

About a year ago, a Clearview exec told me that there is no way Clearview would sell the Ziegfeld or multiplex it. They have recently spent some money on new seat lights and refurbishing the part of the ceiling closest to the screen. It got new projectors a few years ago. Apparently, Disney wanted the Ziegfeld, but Clearview turned them down. I'm not sure if they wanted to run it for films or to turn it into a legit theatre. Be interesting to see what happens now.

It would really be funny if Loews got them back (although they probably wouldn't want most of them.)

In Manhattan, Clearview owns:
59th St. East (59th St 2 Av) single screen, about 300 seats, originally an art house.

1st & 62nd: 6 screens, total about 2000 seats. Built pre-stadium, but a bit of a rabbit warren.

Beekman (2Av 65th St): Nice east side single screen of about 540 seats, but was screwed up during a renovation a few years ago. The center aisle is too wide and now there isn't a decent seat in the house. Also, the rear of the theatre has a glass window into the concession area and too much stray light eminates from there.

Park & 86th St: 710 seat twin

Chelsea West (23rd St 8 Av): Originally the RKO 23rd St. Twinned some years back. In at least one of the theatres, the theatre entrance is right next to the screen.

Chelsea Cinema 9 (23rd St 8 Av): As stated in previous post, modern, pre-stadium theatre. Screens 6 and 7 were originally THX certified. Total about 2300 seats.

Ziegfeld (54th St 6 Av): Nicest theatre in NYC. This and the Loews Astor Plaza are the last two big single screen theatres left. Many premiers are held there. 1150 seats.

62nd & Bdy: About 300 seats, in the basement. Has fairly decent sound, but if memory serves, there's a tear in the screen and it always smells damp.

Metro Twin (Bdy 99th St): 200 seats and 330 seats

Olympia Twin (Bdy 107th St): 450 seats each.

The Metro and Olympia have probably seen impact from the opening of the Magic Johnson Harlem USA 9-plex on 125th St.

I think Clearview also owns the Cobble Hill 5-plex in Brooklyn.



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Charles Everett
Phenomenal Film Handler

Posts: 1470
From: New Jersey
Registered: May 2001


 - posted 06-03-2003 04:13 PM      Profile for Charles Everett   Email Charles Everett   Send New Private Message       Edit/Delete Post 
Clearview Cinemas is no longer for sale. Newsday and the Associated Press report that Clearview is becoming a division of Rainbow DBS, a satellite TV company being spun off by Cablevision Systems.

To update Martin's info: Clearview has closed the 86th & Lexington, reopened the Metro Twin and sold the Cobble Hill.

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Jack Ondracek
Film God

Posts: 2348
From: Port Orchard, WA, USA
Registered: Oct 2002


 - posted 06-03-2003 05:40 PM      Profile for Jack Ondracek   Author's Homepage   Email Jack Ondracek   Send New Private Message       Edit/Delete Post 
quote:
Kenny.... just spends all his time on the front porch watching the girls go by.
[Big Grin] [Big Grin] [Big Grin]

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Mike Olpin
Chop Chop!

Posts: 1852
From: Dallas, TX
Registered: Jan 2002


 - posted 06-03-2003 07:54 PM      Profile for Mike Olpin   Email Mike Olpin   Send New Private Message       Edit/Delete Post 
Saw this topic resurected from the dead, so I thought I should update my earlier post:

The El Cajon 8 has been modified into what I like to think of as a church mall. Each of its auditoriums (except for one) have been converted into church meeting halls where several diferent congergations meet. It has central resources such as childrens nuseries available to all of the differennt churches. Wierd huh? I wonder how they keep a war from breaking out between the churches that meet there? The building has been repainted nicely. The remaining auditorium has been left alone as a theatre in its original form. I have no idea what they plan to do with it. There were talks of Ultra Star buying it, however those seem to me like nothing more than rumers.

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Sean McKinnon
Phenomenal Film Handler

Posts: 1712
From: Peabody Massachusetts
Registered: Sep 2000


 - posted 06-04-2003 02:53 AM      Profile for Sean McKinnon   Author's Homepage   Email Sean McKinnon   Send New Private Message       Edit/Delete Post 
Rumor is that the "Princess II" is for sale... $500.00 or best offer! [Big Grin]

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Brian Zeisler
Film Handler

Posts: 39
From: West Chicago, IL, USA
Registered: Jun 2002


 - posted 06-04-2003 10:01 AM      Profile for Brian Zeisler   Email Brian Zeisler   Send New Private Message       Edit/Delete Post 
[Eek!] really, who do i talk to to get this theater???

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Mark Gulbrandsen
Resident Trollmaster

Posts: 16657
From: Music City
Registered: Jun 99


 - posted 06-04-2003 10:12 AM      Profile for Mark Gulbrandsen   Email Mark Gulbrandsen   Send New Private Message       Edit/Delete Post 
You don't want it! The cost to get rid of the outhouse and bring it up to present health codes would be prohibitive!
Mark

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Tim Reed
Better Projection Pays

Posts: 5246
From: Northampton, PA
Registered: Sep 1999


 - posted 06-04-2003 05:50 PM      Profile for Tim Reed   Author's Homepage     Send New Private Message       Edit/Delete Post 
I'm still wondering whatever happened to "JOE JOSEPH - THEATRE BROKER" of Dallas? He always used to have a classified ad every week in the back of "Boxoffice".

Then, nothing. Did the market get that bad? Did he die? Anyone?

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Travis Hubrig
Expert Film Handler

Posts: 175
From: Minot ND, USA
Registered: May 2003


 - posted 06-04-2003 11:20 PM      Profile for Travis Hubrig   Email Travis Hubrig   Send New Private Message       Edit/Delete Post 
Not to get back to the Carmike Subject but if you could acquire the Ellen in Bozeman, you could make some cash. There is also a theatre across the street- the Rialto, and it would be worth buying, you could make money running both at the same time...
I think the last Jurassic Park Movie Premiered there due to Montana's history...

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