I am not exactly sure what type of agreement that EFW had with the landlord of my competitor theater. However, it looked like a lease to us. I am told that they were supposed to pay rent (more than we were willing to pay for that poor performing location). In fact it was the landlord that kicked them out for non payment of rent. They had just gotten new exterior signs up to replace the old Regal signs that very month. In fact the replacement management worked under the EFW signs from July to March of this year. Personally, I think that they just come to town promise whatever they have to to get their hands on a theater. If it works great, if it doesn't they leave town in a hurry. They have such a bad reputation with movie studios that they didn't impede us from getting the product we needed for our single screen in the same market.
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