Remove ads with our VIP Service
- Rave 18 & IMAX
Los Angeles, CA
- Covington, LA: Movie Tavern Northshore Opening July 31, 2014 [7/25]
- Youngstown, OH: Cinemark Movies 8 Reopens as Boardman Movies 8 [7/18]
- "The Giver: World Premiere Red Carpet Event" Coming to Select Theaters Ahead of Movie's Release [7/14]
- Lansing, MI: Lansing Mall Gains Regal Cinema, Loses Lansing Mall Cinema [7/11]
- Milwaukee, WI: Avalon Theatre Reopening Delayed [7/11]
- Towson, MD: Cinemark Towson and XD Opens Today [7/10]
- Warner Robins, GA: GTC Parkway 6 Cinemas to Close [7/9]
- Akron, OH: Nightlight Cinema Now Open [7/2]
- Lancaster, OH: Regal River Valley Mall 10 Closed [7/1]
- Beloit, WI: Luxury 10 Cinemas Gets New Owner [6/30]
Industry web site Deadline Hollywood is reporting that National Amusements has come to an agreement with Rave Motion Pictures to sell it 35 movie theaters outside of National Amusement's core geographic area of the Northeast U.S.
If the advanced talks result in a deal, it would make Rave Motion Pictures the 5th largest exhibitor. The Dallas-based privately held theater circuit has 30 locations and 475 screens located in 14 states, and is now the biggest U.S. exhibition chain to have 100% state-of-the-art digital projection.
"NA has some wonderful theatre complexes and then it has some pretty mediocre theatre complexes. When the auction was going on nobody really wanted the mediocre complexes," one source told me today. "So if Rave is buying the mediocre complexes to ratchet up its digital cinema expansion, then its not a major transaction. On the other hand, if they are buying some meaningful complexes, then it’s a newsworthy transaction."
Click the Read link below to view the entire article on Deadline Hollywood's site.
There is speculation about exactly which theaters are involved, but the details should be announced in the next couple of weeks. One of the prime locations likely to be involved in the transaction is the The Bridge: cinema de lux in Los Angeles, California, which is a high-end concept that brings luxury amenities to the moviegoing experience. There are other cinema de lux locations that could be involved as well.
If it goes through, the transaction would move Rave Motion Pictures into the top 5 or 6 movie theater chains in the country. It currently has 31 locations in 14 states with almost 500 screens.
Add Your Comments
Please Note: These comments are submitted by the readers of The BigScreen Cinema Guide and represent their own personal opinions, and do not represent the views of The BigScreen Cinema Guide, or any of its associated entities.
Add Your Comments
|Commenting on Journal Articles is available only to our readers who have customized this site, which makes it easier for you to complete the form and for us to contact you with any questions or concerns about your comments.|
Please login or register a new account before continuing.
Log in to retrieve your saved settings.
Forget Your Passcode?Send My Passcode To Me
Not Registered? Create a New Account!
Our registered members enjoy more features, including:
- Save Your ZIP Code -- the site remembers your ZIP code, no having to re-enter it each time you visit
- Favorite Theaters List -- keep a handy list of the theaters you attend
- Favorite Movies List - movies you want to see, all in one place
- Write Movie Reviews -- share your opinions of the movies you see
- Block Ads with VIP Service -- view this site ad free (subscription req'd)
Basic accounts are free -- sign up today!
Concerned About Privacy?
Journal/Blog - The Marquee - Movie Links - News and Events - Now Showing - Reader Reviews
Customize - VIP Service
|The BigScreen Cinema Guide is a service of SVJ Designs LLC. All graphics, layout, and structure of this service (unless otherwise specified) are Copyright © 1995-2014, SVJ Designs. The BigScreen Cinema Guide is a trademark of SVJ Designs. All rights reserved.
'ACADEMY AWARDS®' and 'OSCAR®' are the registered trademarks and service marks of the Academy of Motion Picture Arts and Sciences.