Remove ads with our VIP Service
- Cinemark 18 & XD
Los Angeles, CA
- Rave Cinemas Enfield 12
- Rave Cinemas Berlin 12
- Rave Cinemas Buckland Hills 18 & IMAX
- Rave Cinemas Connecticut Post 14 + IMAX
- Rave Cinemas North Haven 12
North Haven, CT
- Starplex Cinemas - Southington 12
- Rave Cinemas Davenport 53 + IMAX
- Rave Cinemas Florence 14
- Carmike Stonybrook 20 + IMAX
- Rave Cinemas Preston Crossings 16
- Rave Cinemas Eastfield 16
- Rave Cinemas West Springfield 15
West Springfield, MA
- Rave Cinemas Flint West 14
- Rave Cinemas Ann Arbor 20 + IMAX
- Rave Cinemas Hazlet 12
- Carmike Ritz 16
- Rave Cinemas The Greene 14 + IMAX
- Rave Cinemas Western Hills 14
- Rave Motion Pictures Cincinnati Mills 10
- Rave Cinemas Huber Heights 16
Huber Heights, OH
- Rave Cinemas Fallen Timbers 14 + Xtreme
- Rave Cinemas Milford 16
- Springdale 18: Cinema de Lux
- Rave Cinemas Franklin Park 16
- Rave Cinemas Dayton South 16
West Carrollton, OH
- Rave Cinemas University City 6
- Rave Cinemas Pittsburgh North 11
- Rave Motion Pictures Pittsburgh West 12
- Rave Cinemas Centreville 12
- Rave Cinemas Fairfax Corner 14 + Xtreme
- Bow Tie Cinemas Reston Town Center
- Ashburn, VA: Starplex Cinemas - Loudoun Luxury 11 Now Open [4/24]
- Dallas, TX: Cinepolis to Open Luxury Movie Theater in Victory Park [4/21]
- Lewisburg, WV: Lewisburg Cinema 8 Now Open [4/21]
- Fort Worth and Hurst, TX: Cinemark Upgrading Ridgmar 13 and North East Mall 18 Locations with Luxury Loungers [4/15]
- Chicago, IL: ArcLight Cinemas Opening in Lincoln Park in September 2015 [4/11]
- Glenview, IL: Pacific Glen Stadium 10 Closes for ArcLight Cinemas Conversion - Reopening on May 1, 2015 [4/11]
- Bangor, ME: Bangor Drive-In to Reopen After 30 Years [4/9]
- Tyler, TX: Studio Movie Grill Set to Open in April 2015 [4/3]
- Chantilly, VA: Smithsonian - Udvar-Hazy Center Airbus IMAX Theater Closed for Laser Upgrade [3/30]
- Culver City, CA: Pacific Culver Stadium 12 Closed for Conversion to ArcLight Cinemas Location [3/26]
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.
I think this deal is probably for some of NA's best locations. Sumner Redstone took out a whopping $1.5 billion loan to pay his divorce settlement, and he put the entire chain up for sale, with the exception of 15 locations in the Northeast and its European theaters, when the loan came due. Because of the recession, there have been no takers up until now. The Bridge in LA is one of NA's crown jewels. I think Rave is cherry picking NA's best sites at bargain basement prices.
This is doubly sad for NA because Sumner has said he no longer believes in the exhibition business and is concentrating on owning content through his ownership of Viacom and CBS..
We found a reference for the locations affected by this sale, so they've been attached to this article.
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 Location -- the site remembers your location, 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 © 1995-2015, 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.