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."

1 comment:

Rick Robinson said...

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.