|
|
Article: Theater Closings, Openings Multiply As Movie Chains Refocus.
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- June 11, 2002
CopyrightCOPYRIGHT 2002 The Washington Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Kristina Stefanova
Jun. 11--Movie theater operators across the nation are closing venues as they emerge from bankruptcy and several years of bad luck.
But the reorganization may be good for the Washington area as the companies better focus on closing smaller, underperforming theaters and opening state-of-the-art multiplexes in underserved regions.
For example, Loews Entertainment Corp., the nation's fourth-largest chain and a major player in the area, has closed three District theaters in recent months. The chain now has six theaters in the city, dropping the total number of movie venues in the District to nine.
Loews most ...