This is topic Landmark Theatres Sold in forum Ground Level at Film-Tech Forum ARCHIVE.


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Posted by Bill Gabel (Member # 1105) on 11-13-2002, 12:27 PM:
 
Landmark Theatres and Silver Cinemas sold for 80 million. Now they
are a part of the Loew's circuit.
here

 

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Posted by Steve Kraus (Member # 476) on 11-13-2002, 09:01 PM:
 
Hmm...maybe my Landmark pass will work at LCE venues.

 

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Posted by Daryl C. W. O'Shea (Member # 1303) on 11-14-2002, 12:16 AM:
 
...or it won't work at all.
 

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Posted by Martin Brooks (Member # 1269) on 11-14-2002, 12:27 AM:
 
That's interesting considering that when Loews merged with Cineplex-Odeon a few years back, they had to sell off 14 theatres (35 screens) in NYC to satisfy the Attorney General's concerns about monopoly and non-competition. They sold those screens to Clearview. Landmark owns one five-screen in NYC -- if the Attorney General was consistent, he'd want Loews to sell off something else to accomodate it.

Five of those fourteen theatres that Loews sold to Clearview are now closed, so forcing Loews to sell them really didn't help the competitive environment at all. And the entire Clearview chain is for sale anyway.
 

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Posted by Sean McKinnon (Member # 612) on 11-14-2002, 02:23 AM:
 
I thought this was still a secret I guess not.
 

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Posted by Daryl C. W. O'Shea (Member # 1303) on 11-14-2002, 04:03 AM:
 
Now are there really any secrets in this business?
 

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Posted by Mike Olpin (Member # 1115) on 11-14-2002, 12:35 PM:
 

quote:

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Now are there really any secrets in this business?

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YES! We can't possably let our customers in the theatre while we're cleaning! Our technique is a highly guarded TRADE SECRET!!!!!
 

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Posted by Alex Grasic (Member # 1371) on 11-17-2002, 02:05 AM:
 
Not a trade secret, it's our opportunity to criticize all of the people waiting in line!! Come on, you should know that
 

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Posted by Scott Madsen (Member # 167) on 11-19-2002, 12:27 PM:
 
Loews parent company has also bought 7 percent of AMC stock in a recent filing. Interesting to see what comes of that.
 

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Posted by Nathan Guerriero (Member # 1214) on 11-19-2002, 06:43 PM:
 
The Loews/Cineplex Odeon merger also required that Loews divest themselves of a number of Chicago theatres, creating the now-defunct Meridian Theatres, and currently the bulk of the circuit I work for, Village Entertainment.

I am curious as to what Loews plans to do with the Landmark theatre that clears me out. Depending on what they decide to play there, it could be very good or very bad. If the current booking trend continues, I'm going to have to start going to Blockbuster to get my movies.
 

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Posted by Steve Kraus (Member # 476) on 11-19-2002, 07:15 PM:
 
It was my understanding that the Landmark theatres will continue as a distinct entity and their people will continue to run that sub-circuit since they are the experts in the art field. For Chicago it doesn't take much imagination to figure that Piper's Alley might get shifted over to Landmark but that is just reasonable speculation at this point.
 

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Posted by Charles Everett (Member # 889) on 11-20-2002, 11:21 AM:
 
Landmark will remain separate from Loews even though both chains will be owned by the same company (Onex). It's not like where Anschutz melded Regal, UA and Edwards under Regal Entertainment Group.

FWIW the Loews Village VII and the Landmark Sunshine Cinema are in the same booking zone in lower Manhattan.
 

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Posted by Sean McKinnon (Member # 612) on 11-20-2002, 05:38 PM:
 
Charles,

I have asked you before and you never answered me, WHERE DO YOU GET YOUR INFORMATION? That is NOT true. Landmark WILL fall under the LCE "Family" of theatres (Star, Cineplex, Loews, MJT, Cinemex)Landmark may keep all of its personal but it will be operated as part of LCE.
 

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Posted by Steve Kraus (Member # 476) on 11-20-2002, 09:37 PM:
 
That is not my understanding.

Source: Landmark staff
 

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Posted by Sean McKinnon (Member # 612) on 11-21-2002, 11:39 PM:
 
The company has made it very clear that it will operate Landmark as an LCE venture.
 

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Posted by Scott Norwood (Member # 30) on 11-22-2002, 08:55 AM:
 
Does this mean that we are condemned to suffer through slides and film advertising at Landmark?
 

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Posted by Jon Miller (Member # 163) on 11-22-2002, 08:08 PM:
 
One of the Landmark theatres here in San Diego, the Ken, still runs changeovers and carbon arcs (Super Simplexes and Magnarcs), the only remaining commercial movie theatre in San Diego County to do so, AFAIK.

I'm wondering if the change of ownership may spell the end of carbon arc projection at the Ken...


 

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Posted by Sean McKinnon (Member # 612) on 11-27-2002, 10:50 PM:
 
Charles???

I believe I asked you a question.
 

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Posted by Rachel Gilardi (Member # 1016) on 11-28-2002, 01:49 PM:
 
Calm down Sean, Jeez!
 

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Posted by Mike Spaeth (Member # 524) on 11-28-2002, 04:33 PM:
 
I, like Sean, am interested in where Charles gets his information from.
 

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Posted by Steve Kraus (Member # 476) on 11-28-2002, 06:37 PM:
 
He'd tell ya, but then he'd have ta kill ya.
 

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Posted by Sean McKinnon (Member # 612) on 11-29-2002, 01:08 AM:
 
Thank you Mike. It just really annoys me when people post untrue information and refuse to back it up. I guess its just a pet peeve. I have sent Brad proof about what I have said regarding landmark and LCE. I cannot publicly disclose this document on the forum though as it is confidential.

These forums are here to provide factual information to our community. If someone posts false information then they should own up to it and explain where they heard it from.
 

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Posted by Peter Kerchinsky (Member # 1098) on 11-29-2002, 03:07 AM:
 
Sean
I'm with Rachel, "calm down"
We work for Landmark here in Seattle and recieved info from our head office regarding this sale the same day it was announced in the press. We've heard nothing since that time as that sale is still pending.
My question is are you employed by Landmark. If not, how do you rate getting "confidential" information about this sale.
We (LTC employees) hate rumors regarding this sort of thing. We get our information from our bosses, not from someone in Salem, MA. on a website.
 

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Posted by Daryl C. W. O'Shea (Member # 1303) on 11-29-2002, 03:32 AM:
 
From Sean's user profile:

quote:

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Occupation: Manager For Loews Cineplex Entertainment

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Just some info I got from a website.

I don't know if this is the case with LCE, but some chains distribute information (about the company in general, down to every specific locations current problems) to their managers like crazy. Often to the point where you just don't want to here it anymore.
 

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Posted by Steven Privett (Member # 718) on 11-29-2002, 03:59 PM:
 
I heard that Landmark AND LCE was purchased by Martians.
 

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Posted by Sean McKinnon (Member # 612) on 11-30-2002, 02:02 AM:
 
Yes Steve that is true. The corporate offices will be moved from 5th Avenue to Pluto next month!
 

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Posted by Bill Gabel (Member # 1105) on 11-30-2002, 09:14 AM:
 
I get all my information from Matthew Bailey, the new CEO of
Loew's/Sony Theatres.

Matthew is just like GE. He brings good things to life.
 

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Posted by Rachel Gilardi (Member # 1016) on 12-02-2002, 07:56 PM:
 
I was just joking telling Sean to calm down, he's one of my best friends, I was just giving him a hard time! I do understand why he gets so ticked off when people say things and don't back them up, especially when they are untrue and about the business that you put your life into trying to make better. Even if it is just Loews.
 

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Posted by Jason Black (Member # 684) on 12-02-2002, 08:18 PM:
 
Rachel,
Could be worse.. you could work for Carmike..
 

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Posted by Nate Lehrke (Member # 1460) on 12-15-2002, 12:29 AM:
 
Just recently, the owners of an indepent chain apparently met with the Attorney General's Office to discuss the merger of Landmark Theatres/Silver Cinemas & Loew’s circuit. The indie chain is claiming a monopoly of sorts could be made & are trying to stop the merger. Apparently, distributors are giving a very high percentage of exclusives to the merging companies as is, and if the merger goes through, smaller independent chains will not be able to compete.

It will be interesting what comes of it.

[ 01-16-2003, 02:10 AM: Message edited by: Nate Lehrke ]
 

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Posted by Josh Kirkhart (Member # 1046) on 12-15-2002, 02:19 AM:
 
I think your both splitting hairs. It will be similar to Regal with Edwards and UA. Landmark will run as themselves overseen by loews and slowly incorporated into the company as a whole. Names changing will probably be last on the list.

******posted this without reading last page sorry!!
 

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Posted by Charles Everett (Member # 889) on 01-15-2003, 09:05 AM:
 
The Onex takeover of Landmark has collapsed for antitrust reasons. Landmark combined with Loews would have had a bigfoot effect in Manhattan and several other cities.
 

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Posted by Mathew Molloy (Member # 666) on 01-16-2003, 01:44 AM:
 
"...and there was much rejoicing."
 

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Posted by Sean McKinnon (Member # 612) on 01-16-2003, 01:55 AM:
 
Deleted See Beolow

[ 01-18-2003, 04:32 AM: Message edited by: Sean McKinnon ]
 

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Posted by Mathew Molloy (Member # 666) on 01-16-2003, 09:26 PM:
 
Uh, Sean, I was referring to the fact that a number of theatres would have had to have been closed or sold off. (That and the fact that some of my friends may have lost their jobs.) It wasn't an unprofessional, smart-ass dig at Loews.
 

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Posted by Steve Kraus (Member # 476) on 01-17-2003, 08:15 AM:
 
Does that not demonstrate the density of gub'ment regulator thinking? If the theatres are truly non competitive because one group runs mainstream and the other only art then the effect on competition would have been nil.
 

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Posted by Sean McKinnon (Member # 612) on 01-18-2003, 04:31 AM:
 
Im Sorry Mathew, My Bad.

I think that this is too bad because I believe that ONYX would have been able to grow this chain and make some major improvements.
 

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Posted by Chad Calpito (Member # 1562) on 03-09-2003, 12:37 AM:
 
Well, this is something new. I didn't know that Landmark was sold to Loews. Another sorry note is that the Landmark Cove Theater was closed down over a month ago. That was certainly a nice theater to see an Independent or Foriegn Film at. But, at least there is the Landmark Ken Cinema that is still operating using the original Carbon Arc Reel to Reel Projectors. The other two Landmark Theaters are nice as well, which are the Hillcrest 5 and the La Jolla 4 (formerly Pacific Theaters La Jolla 4).

Chad Calpito
 

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Posted by Dennis Benjamin (Member # 1137) on 03-09-2003, 01:36 PM:
 
FYI -

The Landmark/Loews deal did not go through. I had Angela Anable and Martin Marposon here from Landmark here last week (Landmark execs) and they confirmed that the deal did not go through.
 

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Posted by Scott Madsen (Member # 167) on 03-12-2003, 09:26 PM:
 
Landmark did buy out a Loews four plex here in Minneapolis this week. They now have ten screens here. Loews had 31 five years ago, now they have none here.
 

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Posted by Nate Lehrke (Member # 1460) on 03-13-2003, 12:26 AM:
 

quote:

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Landmark did buy out a Loews four plex here in Minneapolis this week.

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quote:

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Cuban, partner, buy nationwide art house theater chain

DALLAS - Dallas Mavericks owner Mark Cuban, whose holdings in the entertainment industry continue to grow, has teamed up with his frequent business partner to buy Landmark's 55 art house theaters nationwide, sources close to the sale confirmed Tuesday.

Cuban and partner Todd Wagner will own equal shares of the Landmark Theatre chain, which has been for sale since 2001. Wagner will become Landmark's chief executive officer. Wagner is expected to release a statement when the deal is finalized, which is scheduled to happen Tuesday. The sale price was not disclosed.

Cuban and Wagner made their mark in Dallas as co-founders of Broadcast.com Inc., one of the biggest success stories of the dot-com boom. Yahoo Inc. bought the Dallas startup in 1999 for nearly $6 billion.

Within months, Cuban bought the Mavericks from Ross Perot Jr. in a transaction that valued the team at $280 million. Wagner, meanwhile, invested in South Dallas businesses and worked with inner-city children.

Cuban and Wagner also share investments in Rysher Entertainment, a major film library; Magnolia Pictures of Dallas, which aims to set up a distribution chain for art house films; and Immortal Entertainment, a new California production company.

Cuban's interest in entertainment and technology deepened when he formed HDNet, a high-definition programming source now available through DirecTV.

Besides expecting an upcoming boom in high-definition television, Cuban also is investigating whether some TV shows can be converted to the sharper viewing high-definition format - namely "Hogan's Heroes," "Lifestyles of the Rich and Famous" and "Nash Bridges," all shows for which he owns the rights.

The Landmark Theatre chain hit problems when, in 2000, its parent company, Dallas-based Silver Cinemas International Inc., filed for Chapter 11 bankruptcy. The troubled chain was later part of an $80 million sale to Toronto-based Onex Corp., the parent company of Loews Cineplex. The deal fell apart, however, when antitrust concerns made the merger doubtful.

Landmark Theatres, the nation's largest art-house chain, features first-run independent and foreign films, restored classics and non-traditional films in 54 theaters representing 185 screens in 14 states, the company said.

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