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Author
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Topic: Storey Theatres
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Raymond Stewart
New Member
Posts: 5
From: Northern New Jersey
Registered: May 2005
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posted June 01, 2005 11:08 AM
Storey was owned by Fred Storey, a big Georgia Tech booster. As I understood, his kids were not interested in taking it over so he sold out to Regal in 1996. At the time Storey was as big as anyone in the Atlanta area as number of screens go. UA, Cineplex Odeon & AMC had about as many screens and Regal was a more minor player in the market up until they bought out Storey. I don’t know if he got cash or stock, but I hope he got more cash than stock or was able to sell out before Regal went bankrupt!
Storey had locations around Metro Atlanta and I believe in Augusta, North Georgia and parts of western Alabama and southern Tennessee. They would give a try to locations that others closed with some success. They ran the old Wies/AMC Franklin Plaza 3 for a couple of years after AMC closed it and seemed to do pretty well. I think they also ran the Arrowhead Triple for a time. I know they took over Toco Hills for a few years after Eastern Federal closed it.
Regal shuttered many of the locations (Shannon Mall, Old National, 12 Oaks to name a few) pretty quickly. They closed the North 85 Drive-In to build the Hollywood 24.
I had the pleasure of meeting him when Storey did a grand re-opening of the 12 Oaks after they took it over, post Loews. He was a nice guy who ran a nice company. The "office" was on Morosogo Way, just across from MARTA's Lindberg Station in a very non-descript building that still stands, unmarked.
I believe Storey is stil alive and living in the Atlanta area.
As for WAGA/channel 5, that was Storer Communications, a whole different company. They were bought up/out by Gannett, who owns channel 11, WXIA and sold WAGA to FOX.
Hope this info helps!
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