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|Home: BigScreen Journal - Brookfield, WI: Marcus Theatres Announces UltraCinema in Brookfield, Wis.|
All Stadium Seating, Digital Sound Theatre Will be Circuit's Flagship
MILWAUKEE--(BUSINESS WIRE)--Jan. 10, 2005--Marcus Theatres Corporation, a division of The Marcus Corporation (NYSE:MCS), today announced plans for a completely new theatre concept - the Marcus UltraCinema, to be built in Brookfield, Wis., a Milwaukee-area suburb. Still in the planning stage, the all-stadium seating, all-digital sound theatre will feature 17 screens, including a 75-foot-wide UltraScreen(R), and a dramatic new exterior design.
"The new Brookfield UltraCinema will be the first of its kind in our circuit. This amazing new theatre will be the flagship of our circuit and showcase Marcus Theatres' signature UltraScreen and a state-of-the-art digital sound system. It will also be unlike any other theatre we've ever built. The UltraCinema is designed from the ground up to be a state-of-the-art showplace where guest amenities, picture, sound and service combine for an unmatched entertainment experience," said Bruce J. Olson, president of Marcus Theatres(R).
The new UltraCinema will be located in the Town of Brookfield at the former Schreiber Foods site on Springdale Road, just north of Bluemound Road, adjacent to Sam's Club.
"The UltraCinema will be an entertainment complex in Brookfield that, when open, will surpass and take the place of our current Westown and West Point cinemas. Easily accessible from I-94 and Bluemound Road, the UltraCinema will unite the best of both theatres, including our outstanding UltraScreen experience, into one convenient, first-class facility that can even better serve moviegoers in Brookfield, Waukesha, Milwaukee and other surrounding areas," said Olson.
"Our community is honored that Marcus Theatres has selected the Town of Brookfield as the site for its new UltraCinema. This entertainment destination will be an outstanding addition to our area and a great benefit to our citizens," said Keith Henderson, Brookfield town chairman.
"When moviegoers arrive, they will be greeted by a stunning porte-cochere canopied entrance that is not only aesthetically pleasing, but also offers shelter from inclement weather. Our planned UltraCinema will feature all of the amenities that moviegoers currently expect - stadium seating, digital sound, big curved screens - and a lot more. The UltraCinema will boast not only a new exterior look but also an interior that features our Project 2010 art deco design concept with crown moldings, murals, elegant warm woods, rich marble floors and granite counters to create an attractive, upscale environment for moviegoers. The UltraCinema will showcase the best new technologies available in the industry, including online print-at-home ticketing, an e-mail showtime service and lobby entertainment on flat-screen monitors," Olson said.
"In addition to being the largest screen in the Midwest, the UltraScreen at the Brookfield UltraCinema will also feature a new digital sound system that is among the first of its kind in North America. The system provides unparalleled sound that is crystal clear with incredible dynamic range," added Olson.
Additional amenities at the Brookfield UltraCinema will include:
Construction on the UltraCinema is scheduled to begin in spring 2005, with an opening anticipated in early 2006.
Marcus Theatres also has a new 12-screen theatre under construction in Saukville, Wis., that will open in March 2005, and will soon begin construction on a 14-screen theatre in Green Bay, Wis., and a 16-screen theatre in Sturtevant, Wis. The company also has announced plans for new theatres in East Troy, Wis., and Findlay, Ohio.
Marcus Theatres is the ninth largest theatre circuit in the United States and currently owns or operates 491 screens at 44 locations in Wisconsin, Illinois, Minnesota and Ohio. Headquartered in Milwaukee, Wisconsin, The Marcus Corporation is a leader in the lodging and entertainment industries. In addition to its Marcus Theatres division, the company's Marcus Hotels and Resorts division owns or manages 10 hotels and resorts in Wisconsin, California, Minnesota, Missouri, and Texas and one vacation club in Wisconsin. For more information, visit Marcus Theatres' Web site at www.marcustheatres.com or The Marcus Corporation Web site at www.marcuscorp.com.
Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as we "believe," "anticipate," "expect" or words of similar import. Similarly, statements that describe our future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties which could cause results to differ materially from those expected, including, but not limited to, the following: (i) the availability, in terms of both quantity and audience appeal, of motion pictures for our theatre division; (ii) the effects of increasing depreciation expenses and preopening and start-up costs due to the capital intensive nature of our businesses, including the possibility that such costs may exceed our expectations; (iii) the effects of adverse economic conditions in our markets, particularly with respect to our hotels and resorts division; (iv) the effects of adverse weather conditions, particularly during the winter in the Midwest and in our other markets; (v) the effects on our occupancy and room rates from the relative industry supply of available rooms at comparable lodging facilities in our markets; (vi) the effects of competitive conditions in the markets served by us; (vii) our ability to identify properties to acquire, develop and/or manage and continuing availability of funds for such development; (viii) the adverse impact on business and consumer spending on travel, leisure and entertainment resulting from terrorist attacks in the United States, the United States' responses thereto and subsequent hostilities; and (ix) our decisions regarding the use of the proceeds received from the sale of our limited-service lodging division and other asset sales. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Source: Business Wire / Marcus Theatres Corporation
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