SHARES OF THEATER CHAINS NOSEDIVE

Shares of the nation’s largest theater chains have plunged along with ticket sales in the fourth quarter as analysts revised their earnings estimates for the chains after the chains themselves reported revenue declines for the first three quarters — that is, even before the dreadful holiday season. The Hollywood Reporter observed today (Friday) that attendance […]

INDIE FILMMAKER BUYS ITS OWN SHOWCASE

Bigfoot Entertainment, a producer of independent movies and TV shows, will no longer have to face the problem of finding a theater to exhibit its productions in Los Angeles. It has purchased the Majestic Crest theater in Westwood, one of the most prestigious theaters in the Los Angeles area, for about $4 million, the Los […]