Beware of the Cinemark rumor...it's looking like Lee Roy and his boys will be doing the same in the next couple of weeks.
 

-Mike
 

BTW, I don't think there are any Cinemark, AMC, or United Artists theaters in TN. I've read that there's one General Cinema in Memphis, but it's a long shot for them to come here, even though I'd like them to based on the good things you all have said about them. We used to have a theater run by UA but Regal bought it out two years after it had opened, since then it's gone down. I wish Tennessee had more chains, but Carmike and Regal want to rule this state for some reason. Even Nashville only has Carmike and Regal(from what I've read, correct me if I'm wrong).
 

First of all they only plan to build one more gigaplex in the next fiscal year. Nov '00 to Nov '01.

Secondly, they are concentrating on the North East. And trying to build theatres in inner cities, or places that nobody else can build in.

But with everyone else selling or closing a bunch of theatres, it is possible that they may buy some theatres. But if you are holding your breath, I would suggest that you make it a deeeeeeeeeeeeeep one.
 

That's 9 in one week. 430 left .
 

So I began my investigation. I saw that the Mariner 4 showtimes were not updated and that Steven's Points were. So since I knew for sure Wasua and Appleton were closing, and that there were 3 total, that the Mariner 4 must be next. WRONG!! I can say with absolute certainty-ie I talked to my Division and District Managers today-that the Mariner 4 IS NOT closing and Stevens Point is.

Well, with my new found discovery I began investigating showtimes in other states. This is how I figured that the theatre in Austin, MN was closing. WRONG. Checked the showtimes again today, they're updated for next week.

So in clonclusion, my theory is still partially sound, I was just checking too early.
 

Paul.

BTW. Cinemark now has new ticketing options.

<Personally starting thread in Ground Level forum to complete thoughts, please use that forum to expand on thread.>

I find that Carmike's theatre showtime information varies in consistency and reliability from theatre to theatre. Some list the sound formats and have the showtimes available early. Some list nothing but the movie titles and times and don't get them up until the last minute. One week not long ago, out local Carmike 10 had the previous week's showtimes posted for an entire week!

 

Rory
 

There is a story behind Edwards building in Ontario Mills. It is big business Vs the family company.

52 screens that sit across the lot from one another with an existing Pacific 10 just down the road! This has undoubtedly been a drain on Edwards, but if you want the full, facinating story, email me off forum.

David
 

"Regal Cinemas appears set to file Chapter 11 bankruptcy this week after a long standoff between proposed buyers Anschutz Corp. and Oaktree Capital Management and current owners Hicks, Muse, Tate & Furst and Kohlberg Kravis Roberts & Co. approaches resolution. The Chapter 11 filing . . . could come as early as today, but is expected by the end of week, sources familiar with negotiations said. 'It is now down to a day-to-day situation,' one source said, claiming key deal points had been resolved, but declining to say if Anschutz and Oaktree planned any concessions to current controlling shareholders. Hicks Muse and KKR, who took control of Regal in a 1998 leveraged buyout, were unhappy that Anschutz's planned restructuring of the company after a likely Chapter 11 bankruptcy filing would leave them with nothing to show for their $1 billion investment."
 

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Evans A Criswell
Huntsville-Decatur Movie Theatre Information Site
 

quote:

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Investor Anschutz Close to Buying Regal Cinemas

Billionaire investor Philip Anschutz is close to taking control of the No. 1 U.S. theater chain, Regal Cinemas Inc., from two major private equity firms, Kohlberg Kravis Roberts & Co. and Hicks Muse Tate & Furst, Reuters reported. As part of the deal, Regal would file for a prepackaged bankruptcy action and seek court approval for an arrangement that would give Anschutz a 60 percent stake in Regal’s equity. The Denver-based Anschutz Corp., Philip Anschutz’s investment vehicle, and Los Angeles investment firm Oaktree Capital Management, hold a majority of Regal’s $1.8 billion in long-term debt. Much of that debt would be converted into equity under the terms of the bankruptcy deal. If the proposed deal were approved, Oaktree would hold a 15-percent stake in the struggling Knoxville, Tenn.-based company, with the remainder held by other parties.

Regal has already defaulted on some debt, which prompted creditors to demand an expedited payment schedule in the last year. The company said in June that it retained financial advisors to restructure its debt and said it may not continue as a going concern. It posted a net loss of $121.7 million in the first half of 2001.

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Regal lost $121.7M in the 1st 6 months of 2001. How can you go through all that money and still remain in business? Look at what happened to The Industry Standard.

How long before the new owners start shutting theaters? Regal has 6 theaters in northern New Jersey and I'd say 4 of the 6 are on the bubble.

In your expert opinion, which of the four do you think are "on the bubble"? This whole thing has been a matter of speculation for sereral months. So far, all our people have only heard rumors.