Have an Account? E-Mail Address Passcode
| Register Now
Muvico Sells Four Theaters in Florida and Maryland to Cinemark

Posted on Saturday, March 21st, 2009 9:40 AM

The country's economic troubles aren't limited to real estate, banks, unemployment, and our shrinking 401k's, as proven by Muvico's recent sale of three theaters in Florida and one in Maryland as a way of saving the company.

According to an article in The Miami Herald, the Florida-based theaters are the Paradise 24 in Davie, the Palace 20 in Boca Raton, and the Boynton Beach 14 in Boynton Beach. It doesn't mention the Maryland location by name, but the only Muvico location in that state is the Egyptian 24 in Hanover. Cinemark Vice President James Meredith said the company would take over operations on Thursday, March 19th.

''We're very excited to add these high-quality theaters,'' said Meredith, vice president of marketing and communications for Cinemark, who declined to reveal the terms of the deal. ``We view [South Florida] as one of the top markets in the country.''

All Muvico theater employees have been offered jobs with Cinemark, Meredith said. Cinemark will also honor all Muvico prepaid tickets or discount coupons until the end of May.

''Our goal is to implement a seamless transition,'' he said. ``For right now we want to make sure the customer doesn't experience any change.''

The sale leaves Muvico with 10 locations and an uncertain future. Muvico executives appear to be confident, but there's no way to know if that's the usual PR bluster or if the company will accomplish its new goals.

Click the read link below to view the entire article.

Add Your Comments

Reader VoiceReader Comments

No comments found. Be the first and let us know what you think!

Add Your Comments

Warning: Please login
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.

Already Registered?

Log in to retrieve your saved settings.

E-Mail Address:
BigScreen Passcode:

Forget Your Passcode?

Send My Passcode To Me

Not Registered? Create a New Account!

E-Mail Address
In case we need to contact you. A valid E-Mail address is required, profiles with invalid addresses will be removed.
Please Confirm Your E-Mail Address
ZIP Code
This helps us display theaters that are near you.

Our registered members enjoy more features, including:

Basic accounts are free -- sign up today!

Concerned About Privacy?

So are we! We won't sell, trade, or share your personal information with anyone unless required by law. For more information, please read our Privacy Policy.

Home - About Us - Ad Info - Feedback
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 © 1995-2019, 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.
Find Us on Facebook