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Author
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Topic: Regal closing theatres in Nashville
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Barry Floyd
Phenomenal Film Handler
Posts: 1079
From: Lebanon, Tennessee, USA
Registered: Mar 2000
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posted 02-14-2001 09:09 AM
Here's the article that appeared in the Nashville newspaper yesterday........Regal Cinema’s 8-screen theater in Hermitage closing By CANDY McCAMPBELL Staff Writer Regal Cinemas Inc. is closing its Courtyard 8 theater in Hermitage because the complex didn’t make the cut in the company’s periodic ratings of all its properties.
Knoxville-based Regal, with more than 378 locations in 32 states, is undergoing a financial restructuring as it competes in a market where there is more supply and less demand. The Hermitage eight-plex "was identified as an underperforming location," Dick Westerling, Regal senior vice president for marketing and advertising, said yesterday. No other Regal Cinemas theaters in the Nashville area are scheduled to go dark right now, he said, adding that "the Nashville theaters overall perform extremely well." Started in 1989, Regal went public in 1993 and was taken private in 1998 by Kohlberg Kravis Roberts & Co. and Hicks, Muse, Tate & Furst. It closed 42 locations last year, but Regal has not made up a final list for all the properties that will be closed, Westerling said.
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Barry Floyd
Phenomenal Film Handler
Posts: 1079
From: Lebanon, Tennessee, USA
Registered: Mar 2000
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posted 02-26-2001 11:47 AM
I can't understand the logic behind trashing a place... especially when your (Regal)just walking away from it. My ex-wife and I met there on our first "blind" date. Although that was in March of 1990, it was a great theatre then. It was originally opened by another theatre chain, and they used to show trailers on video screens in the lobby. When Regal took over, the video monitors were removed and fake plastic plants were put in their place. For people like me who dream of being able to open my own theatre one day, I hope the building owner and his lawyer nail "them" to the wall. If I'm not mistaken, that leaves only 4 screens in the Hermitage/Mt. Juliet area.
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