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They must close down NOW! |
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{{Infobox Company |
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|company_name = National Amusements, Inc. |
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|company_logo = [[Image:Na-logo.gif]] |
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|company_type = [[Private company|Private]] |
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|foundation = [[Dedham, Massachusetts]], USA (1936) |
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|location = [[Norwood, Massachusetts]], USA |
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|key_people = [[Sumner Redstone]], [[Chairman]] and [[Chief Executive Officer|CEO]]<br>[[Shari Redstone]], [[President]] |
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|industry = [[Entertainment]] - [[Theaters]], [[Publishing]], [[Filmmaking]], [[Television]] |
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|homepage = [http://www.national-amusements.com/ www.national-amusements.com] |
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|founder = [[Michael Redstone]] |
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|subsid = [[Showcase Cinemas]], [[Cinema de Lux]], Multiplex Cinemas, and KinoStar, [[CBS Corporation]], [[Viacom]] |
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|slogan = Discover a World of Entertainment |
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}} |
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'''National Amusements, Inc.''' is a privately owned media and entertainment company based in [[Dedham, Massachusetts]], USA. The company was founded in 1936 as the '''Northeast Theatre Corporation''' by [[Michael Redstone]]. |
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National Amusements is now owned by Michael Redstone's son, [[Sumner Redstone]], who holds 80% of the company, and Sumner's daughter, [[Shari Redstone]], who owns the remaining 20%.<ref>[http://www.denverpost.com/search/ci_5164430 "Redstones settle feud over family business"] from ''[[The Denver Post]]'', February 2007</ref> |
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[[Image:10.5.07CityCenterLobbyByLuigiNovi.JPG|thumb|left|The Cinema De Lux in [[White Plains, New York]]'s City Center includes a waiting area with a TV, newspaper rack and sofas (left), a piano (center), and a bar & grill restaurant (not pictured).]] The company operates more than 1,500 movie screens across the [[United States]], the [[United Kingdom]], [[Latin America]], and [[Russia]] under its [[Showcase Cinemas]], Multiplex Cinemas, [[Cinema de Lux]], and KinoStar brands. |
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National Amusements holds controlling voting interests in [[CBS Corporation]] and [[Viacom]] (which includes [[MTV Networks]], [[Comedy Central]], [[Black Entertainment Television|BET]], and movie production and distribution [[Paramount Pictures]]), and is equal partners in [[MovieTickets.com]]. |
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==Financial Trouble and Sale of Theaters - 2009== |
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In October 2009 the news was released that National Amusement would be selling almost $1 Billion of stock they own in CBS and Viacom.<ref>[http://www.dailynewstranscript.com/business/x576554618/National-Amusements-Inc-to-sell-nearly-1B-of-its-Viacom-CBS-stock National Amusements Inc. to sell nearly $1B of its Viacom, CBS stock]</ref> National Amusements has sold 35 theaters to [[Rave Motion Pictures]].<ref>[http://www.deadline.com/print-post/?posttoprint=19707&KeepThis=true&TB_iframe=true&height=500&width=750 Rave To Acquire 35 Of Redstone's National Amusements Theater Complexes]</ref> |
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This change will go into effect January 10 according to management in Toledo, OH.{{Citation needed|date=December 2009}} |
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=== Theaters sold to Rave === |
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{{Disputed-section|Sale to Rave Motion Pictures|date=December 2009|}} |
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Theater locations included in the sale are: |
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{| class="wikitable sortable" |
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|- |
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! Name |
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! City |
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| State |
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! Screens |
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|- |
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| Showcase Buckland Hills 16 |
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| [[Manchester, CT]] |
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| [[Connecticut|CT]] |
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| 16 |
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|- |
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| Cinema De Lux Connecticut Post 14 |
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| [[Milford, CT]] |
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| [[Connecticut|CT]] |
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| 14 |
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|- |
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| Showcase North Haven 12 |
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| [[North Haven, CT]] |
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| [[Connecticut|CT]] |
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| 12 |
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|- |
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| Enfield 12 |
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| [[Enfield, CT]] |
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| [[Connecticut|CT]] |
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| 12 |
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|- |
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| Showcase Berlin 12 |
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| [[Kensington, CT]] |
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| [[Connecticut|CT]] |
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| 12 |
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|- |
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| Showcase Southington 12 |
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| [[Southington, CT]] |
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| [[Connecticut|CT]] |
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| 12 |
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|- |
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| Showcase Davenport 53 18 |
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| [[Davenport, IA]] |
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| [[Iowa|IA]] |
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| 18 |
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|- |
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| Cinema De Lux Stonybrook 20 + IMAX |
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| [[Louisville, Kentucky|Louisville, KY]] |
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| [[Kentucky|KY]] |
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| 20 |
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|- |
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| Cinema De Lux Preston Crossings 16 |
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| [[Okolona, KY]] |
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| [[Kentucky|KY]] |
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| 16 |
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|- |
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| Cinema De Lux Florence 14 |
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| [[Florence, KY]] |
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| [[Kentucky|KY]] |
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| 14 |
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|- |
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| Showcase West Springfield 15 |
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| [[West Springfield, MA]] |
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| [[Massachusetts|MA]] |
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| 15 |
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|- |
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| Showcase Eastfield Mall 16 |
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| [[Springfield, MA]] |
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| [[Massachusetts|MA]] |
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| 16 |
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|- |
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| Showcase Ann Arbor 20 |
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| [[Ypsilanti, MI]] |
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| [[Michigan|MI]] |
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| 20 |
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|- |
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| Showcase Flint West 14 |
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| [[Flint, MI]] |
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| [[Michigan|MI]] |
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| 14 |
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|- |
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| Showcase at the Ritz Center 16 |
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| [[Voorhees, NJ]] |
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| [[New Jersey|NJ]] |
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| 16 |
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|- |
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| Multiplex Hazlett 12 |
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| [[Hazlet, NJ]] |
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| [[New Jersey|NJ]] |
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| 12 |
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|- |
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| Cinema De Lux Franklin Park 16 |
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| [[Toledo, OH]] |
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| [[Ohio|OH]] |
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| 16 |
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|- |
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| Cinema De Lux The Greene 14 |
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<!-- RC The Greene 14 --> |
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| [[Beavercreek, OH]] |
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| [[Ohio|OH]] |
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| 14 |
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|- |
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| Showcase Milford 16 |
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<!-- RC Milford 16 --> |
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| [[Milford, OH]] |
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| [[Ohio|OH]] |
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| 16 |
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|- |
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| Showcase Dayton South 16 |
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<!-- RC Dayton South 16 --> |
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| [[West Carrollton, OH]] |
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| [[Ohio|OH]] |
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| 16 |
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|- |
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| Cinema De Lux Maumee 18 |
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<!-- RC Maumee 18 --> |
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| [[Maumee, OH]] |
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| [[Ohio|OH]] |
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| 18 |
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|- |
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| Showcase Huber Heights 16 |
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<!-- RC Huber Heights 16 --> |
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| [[Huber Heights, OH]] |
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| [[Ohio|OH]] |
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| 16 |
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|- |
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| Showcase Western Hills 14 |
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<!-- RC --> |
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| [[Cincinnati, OH]] |
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| [[Ohio|OH]] |
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| 14 |
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|- |
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| Showcase Levis Commons 12 |
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<!-- RC --> |
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| [[Perrysburg, OH]] |
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| [[Ohio|OH]] |
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| 12 |
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|- |
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| Showcase Kings Island 12 |
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<!-- RC Kings Island 12--> |
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| [[Mason, OH]] |
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| [[Ohio|OH]] |
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| 12 |
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|- |
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| Showcase Fallen Timbers 14 |
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<!-- RC --> |
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| [[Maumee, OH]] |
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| [[Ohio|OH]] |
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| 14 |
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|- |
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| The Bridge 6 |
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| [[Philadelphia, PA]] |
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| [[Pennsylvania|PA]] |
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| 6 |
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|- |
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| Showcase Pittsburgh North 11 |
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| [[Pittsburgh, PA]] |
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| [[Pennsylvania|PA]] |
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| 11 |
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|- |
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| Showcase Pittsburgh West 12 |
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| [[Pittsburgh, PA]] |
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| [[Pennsylvania|PA]] |
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| 12 |
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|- |
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| Cinema De Lux Fairfax Corner 14 |
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| [[Fairfax, VA]] |
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| [[Virginia|VA]] |
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| 14 |
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|- |
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| Multiplex Centreville 12 |
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| [[Centreville, VA]] |
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| [[Virginia|VA]] |
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| 12 |
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|- |
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| Multiplex Reston 13 |
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| [[Reston, VA]] |
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| [[Virginia|VA]] |
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| 13 |
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|} |
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==Main competitors== |
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*[[AMC Entertainment, Inc.]] |
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*[[Regal Entertainment Group]] |
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*[[Time Warner, Inc.]] |
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==Sources== |
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{{reflist}} |
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*[http://biz.yahoo.com/ic/42/42260.html Yahoo! - National Amusements Inc. Company Profile] |
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==External links== |
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*[http://www.national-amusements.com/ Official site] |
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*[http://www.thebridgecinema.com/ The Bridge Cinema De Lux] |
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*[http://www.boxoff.com/issues/mar01/na.html 2001 Box Office Magazine profile of the company] |
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[[Category:Movie theatre chains in the United States]] |
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[[Category:Viacom]] |
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[[Category:CBS Corporation]] |
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[[Category:Companies based in Massachusetts]] |
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{{theat-stub}} |
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{{business-stub}} |
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[[de:National Amusements]] |
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[[nl:National Amusements]] |
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[[pt:National Amusements]] |
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Revision as of 00:59, 8 April 2010
They must close down NOW!