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Theater chains looking for new opportunities
posted by
Michael Zoldessy
on
August 11, 2006 at 6:49 am
More and more, theater chains are scratching their heads, looking for new ways to hook in an ever-abandoning public:
This year’s 4 percent upswing at the domestic box office is more than just a welcome relief to beleaguered movie-theater chains. It is a chance to uncork a bottled-up desire to make deals.
One major transaction, Cinemark USA Inc.’s proposed acquisition of Century Theatres Inc., was struck this week, while a few other theater-related businesses — including No. 2 theater chain AMC Entertainment Inc. — are considering public offerings, analysts and investors say.
For more, read the full story in the Pittsburgh Post-Gazette.
Comments (3)
The Best Way is to create incentives to go DURING THE WEEK.
Ask MLB how they do this.
The over-reliance on weekend grosses hurts more than helps. Give me a reason to go to a movie theatre on a Tuesday night.
Gene-Paul you are so correct.Don’t remember the news back in the 70’s or even early 80’s reporting film grosses.we saw it in Boxoffice Magazine monthly. Too Much WEEKEND.