Tuesday, August 11, 2009
Footprints Included?
Grauman's on the block as value peaks: "Amid seismic shifts in local exhibition, Warner Bros. and Viacom are stepping up efforts to unload L.A.-area movie theaters piecemeal, including the iconic Grauman's Chinese in Hollywood. Such an exit would conclude an initially profitable but more recently tedious tenure of ownership for the studio companies."
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1 comment:
Too bad, but I guess it's to be expected in our profit-or-go business culture.
I saw Lawrence of Arabia in it's new release engagement in that theater. It was the first time I'd been there. Both the theater and the film were very impressive.
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