Tag Archives: iPic Theatres

Daily Cinema Digest – Wednesday 11 June 2014

Carmike share price

Carmike Cinemas’ share price is up 166% in the last two year, but that’s not necessarily a good thing, according to research analyst Gary Bourgeault. This long article looks at Carmike’s rollup and acquisition strategy, whether it will be bought by a larger competitor and what price is right.

Carmike has chosen to grow via acquisitions, contrary to its competitor AMC Entertainment (AMC), which is focusing primarily on quality rather than quantity. Nonetheless, Carmike has been able to grow revenue and earnings per screen while adding more theaters to its circuit.

Now, the question is whether or not the acquisition strategy and performance of its individual theaters is reflected in the share price, or the company has heated up too much and is overvalued.

Another catalyst to contemplate is that Carmike is considered a prime candidate for acquisition, as it moves toward its goal of owning 300 theaters and 3,000 screens. At the rate it’s growing in this consolidation atmosphere, I think part of the reason for the surge in share price is the inclusion of the possibility of being acquired by one of its larger rivals.  LINK

Just as with his incisive piece of analysis about AMC, I urge you to read this article in full.

Bow Tie Cinema Schenectady

USA (NY) - Physical attacks on people trying to enjoy a film without others talking are not being taken seriously enough. This dad was attacked by eight people. Will it take another shooting? Justice has definitely not been served in this case. You can read here what originally happened.

In the case of last summer’s vicious attack at the Bow Tie Cinema by a gang of teenagers on an innocent father trying to enjoy a night out with his daughters and their friend, justice for the victims is nowhere in sight.

During the June 28 incident, a Niskayuna man suffered a severe concussion, a broken hand, a damaged tooth and other scrapes after being repeatedly kicked and punched by a group of out-of-control teenagers. One of the man’s daughters also was punched in the face and had her cell phone stolen.  LINK

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Sundance Cinemas Brings Its Art House Mentality To Los Angeles

Sundance Sunset CinemaThe opening of the first Sundance Cinemas in Los Angeles seems a perfect way to bring summer to a close. The new theatre opened in the space once occupied by the Sunset 5 which Laemmle Theatres operated for two decades before it was shuttered last December. The new venue has been named Sundance Sunset Cinema and, much like the Sunset 5 before it, will feature mostly independent and art house titles. It opened on August 31st.

Sundance Sunset Cinema is the fifth location to be opened by Sundance Cinemas, which operates theatres in Houston, TX, Madison, WI, San Francisco, CA and Seattle, WA. A sixth location in Westchester, NY is planned for later this year. The circuit is part of the Sundance Group, the corporate entity that houses all of multi-hyphenate Robert Redford’s Sundance related businesses, including the annual festival. The actor/director, who grew up in Los Angeles, recently told KCRW radio host Warren Olney on “Which Way LA“, that the opening of Sundance Sunset Cinema is a bit of a homecoming for him.

“…I feel that it’s a chance to bring back something that I truly loved as a kid,” said Redford. “….you bring it back in a way that you experienced films when you were young. You didn’t see six trailers in a film blasting your ears away.”

Expanding Sundance Cinemas has been a longtime goal of Redford who has always thought the 10-day film festival he holds every January in Park City, Utah could easily expand throughout the entire country if there were theatres to show independent films. In the mid-1990s, as the Sundance Film Festival grew ever larger, Redford said, “…it didn’t seem to have that opportunity because there was still a lock by the major studios and the theater owners. There was not enough space or a place for independent films at that time. So the decision was to go electronically and so we started the Sundance Channel, but in my head the better preference was always going to be could we do a live experience.”

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