|Home: BigScreen Journal - Comments for Journal Article: National Amusements Selling 35 Theaters to Rave Motion Pictures|
Comments for Journal Article: National Amusements Selling 35 Theaters to Rave Motion Pictures
National Amusements Selling 35 Theaters to Rave Motion Pictures
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... (more)
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.
Dec 11, 2009 - Dan Zee
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..
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.
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!
Not Registered? Create a New Account!
Concerned About Privacy?
|The BigScreen Cinema Guide is a service of SVJ Designs LLC. All graphics, layout, and structure of this service (unless otherwise specified) are Copyright © 1995-2013, 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.