Laserfiche WebLink
<br /> /-IIJ <br /> <br />To: <br />Subject: <br /> <br />Michael Church and Pat Webb <br />Redwood City Theater Analysis <br /> <br />October 26,2000 <br />Page 5 <br /> <br />. <br /> <br />Century Theatres has the least number of screens nationwide and is therefore not as <br />vulnerable to having obsolete cineplexes that need to be closed. <br /> <br />Regal <br />Carmike <br />AMC <br />Cinemark <br />Unitec Artists <br />Loews Cineplex <br />General Cinema <br />Century Theatres <br /> <br />4,413 screens <br />2,848 <br />2,741 <br />2,708 <br />2,068 <br />1,949 <br />1,052 <br />700 + <br /> <br />Overall, Century's strategy has been to concentrate their efforts on operating and managing <br />their existing theaters and being very selective in undertaking new projects. <br /> <br />Entertainment Complexes Revitalize Urban Areas <br /> <br />Enten:ainment complexes have been key to revitalizing urban areas. Recent examples <br />incluae: <br /> <br />. <br /> <br />Yerba Buena Gardens, San Francisco <br /> <br />Jack L:mdon Square, Oakland <br />Downtown Santa Cruz <br /> <br />. <br /> <br />. <br /> <br />New theater ccmplexes have been an essential part of these revitalization efforts, as shown <br />below: <br /> <br />Ticket Sales Ticket Sales oer Screen <br /> <br />Sony Theatres Metreon, 15 screens, S.F. <br />Jack London Cinema 9, Oakland <br />Signature 9, Santa Cruz <br /> <br />$ 8.3 million <br />$ 6.2 million <br />$ 4.0 million <br /> <br />$552,100 <br />$693,188 <br />$445,854 <br /> <br />KMA expects that the new downtown theater will be in the range of $550,~00 to $650,000 per <br />sc:"een, assuming that the existing theater is closed. The entertainment retail complex will be <br />the catalyst for bringing a substantial number of people to downtown Redwood City. <br /> <br />T"~'-T <br />