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RAVE theater chain is no longer a bit player
posted by
ilovefilm
on
January 26, 2010 at 3:45 pm
An article in the L.A. Times describes the ascension of the growing Rave theater chain. Their recent acquisition of several National Amusements theaters brought them up in the rankings of theater operators.
For Stephenson, the deal catapults him from a second-tier operator into the big leagues of national theater chains. Rave is now the No. 5 circuit in the country, operating 65 theaters and about 1,000 screens in 20 states, more than doubling its size.
At a time when movie theaters are no longer considered a high-growth business, Stephenson is making a contrarian bet — at least in the midterm — that people will continue to trek to theaters for a movie rather than nesting at home and watching it on their big-screen, high-definition TVs.
Comments (5)
I think this guy is on the right track.
If the presentation, experience and product is good, they will come. :)
Newly built Rave theatres use drop down masking….
Waiting to hear word that their takeover of The Bridge Cinema de Lux in LA has been finalized. That theatre is a perfect fit for them.
Rave is still managed and operated by the same management group that started the company. Charles Moss is a member of the board, but Bowtie has no involvement with Rave. It is much more likely that Bowtie would be brought in and run by the Rave management group.