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TOPIC: So Who Will be Closing Next ?

So Who Will be Closing Next ? 07 Jun 2004 14:44 #8378

  • muviebuf
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In what I predict is but the first of another round of "we built too many too fast so its time to close", Madstone Theatres which operated quasi-art plexs across the country (most were refurfished 8 to 10 screen castoffs from the last round of closings)has closed all of its ten mutiplexs around the country within the past week.

The closings included Denver, Cary NC, Alburque NM, San Diego, Chandler Ariz, Ann Arbor, Atlanta, Salt Lake City and Tampa. Already it is rumored some one wants to reopen at least three of them.

Locally in my area of Central Pennsylvania the 1999 built all stadium seating 8 screen in Elizabethtown Pennsylvania (Population 10,000) filed Chapter 11 bankruptcy at the end of January 2004. The bankruptcy court filings indicate a construction cost for this converted plex in excess of 4 million dollars.

[This message has been edited by muviebuf (edited June 07, 2004).]

[This message has been edited by muviebuf (edited June 07, 2004).]
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Re: So Who Will be Closing Next ? 07 Jun 2004 14:51 #8379

  • John Pytlak
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Madstone bet early and lost on the promise of Digital Cinema:
http://millimeter.com/mag/video_alternate_showings/
http://www.infocusmag.com/03May/digital.htm

"Fledgling exhibitor/distributor/producer Madstone, long a proponent of digital cinema, appears to be rethinking its digital-cinema efforts.

“It now seems that there will be a lack of digital content in the near term, so for the time being we are projector agnostic,” Madstone CEO Chip Seelig said in a Variety story published March 4.

Two years ago Madstone’s plans called for retrofitting plexes nationwide with digital projectors, and then supplying them with digital movies.

The company, which still plans to produce about one digitally-shot movie annually, currently operates conventional cinemas in San Diego, Phoenix, Denver, Cleveland, Albuquerque, N.M., Ann Arbor, Mich., and Raleigh-Durham, N.C.

Madstone has already announced plans to open six new multis this year, including sites in Atlanta and Salt Lake City. The firm also plans to build by 2004 a new multi in Baltimore."


John P. Pytlak, Senior Technical Specialist
Customer Technical Services
Entertainment Imaging
Research Labs, Building 69, Room 7525A
Eastman Kodak Company
Rochester, NY 14650-1922
Telephone: +1 585-477-5325 Cell: +1 585-781-4036 Fax: +1 585-722-7243
E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Website: http://www.kodak.com/go/motion
John P. Pytlak, Senior Technical Specialist
Customer Technical Services
Entertainment Imaging
Research Labs, Building 69, Room 7525A
Eastman Kodak Company
Rochester, NY 14650-1922
Telephone: +1 585-477-5325 Fax: +1 585-722-7243
E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Website: http://www.kodak.com/go/motion
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