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» Cinematour Forum   » Cinemas and Theatres   » Last of a dying chain. (Page 0)

 
This topic comprises 3 pages: 1  2  3 
 
Author Topic: Last of a dying chain.
Jeff Arellano
Senior Member

Posts: 685
From: Monterey Park, CA
Registered: Jun 2003


 - posted January 04, 2011 07:35 PM      Profile for Jeff Arellano   Email Jeff Arellano         Edit/Delete Post 
I met someone this weekend who used to work for Mann. If they could close Thousand Oaks he said they would but the lease keeps it from closing for now. He also said that their only theater that is a cash cow is Van Nuys and the Chinese is suffering bad attendance wise.

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Brad Erickson
Member

Posts: 117
From: West Hollywood, CA
Registered: May 2006


 - posted January 05, 2011 10:11 AM      Profile for Brad Erickson   Email Brad Erickson         Edit/Delete Post 
A couple years from now Mann Theatres will be a fond memory. The Chinese is in a really sad state currently. Arclight pretty much has a monopoly of the "A" product. Honestly, I have not been to the Chinese in about a year, the last film I saw there was Sherlock Holmes last January. I've wanted to go, but the last of product has stopped me.

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Jeff Arellano
Senior Member

Posts: 685
From: Monterey Park, CA
Registered: Jun 2003


 - posted January 07, 2011 08:49 PM      Profile for Jeff Arellano   Email Jeff Arellano         Edit/Delete Post 
Is it safe to add the Movie Experience / SoCal / Sanborn Theaters? They are down to two locations in San Luis Obispo and their Murietta. They recently lost Temecula Tower 10, and both Blue Jay and Anaheim last year...

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Christopher Crouch
Member

Posts: 292
From: Anaheim, CA
Registered: Feb 2006


 - posted January 07, 2011 10:33 PM      Profile for Christopher Crouch   Email Christopher Crouch         Edit/Delete Post 
quote:
Is it safe to add the Movie Experience / SoCal / Sanborn Theaters?
In a newspaper article from around the time the Gardenwalk was opened, Bruce Sanborn mentioned that his children (I believe they are already adults) weren't interested in pursuing the family business. He's nearing retirement age and, without a family interest, there seems to be little motivation for the company to continue on much longer. I'm sure the financial strain of the Gardenwalk project failing and the host of lawsuits that followed haven't helped either.

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Scott D. Neff
Tour Guide

Posts: 661
From: San Francisco, CA
Registered: Feb 2003


 - posted January 08, 2011 10:57 AM      Profile for Scott D. Neff   Email Scott D. Neff         Edit/Delete Post 
That's sad. They should just sell the last two theatres to Metropolitan or some other once mighty southern California movie family.

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Jeff Arellano
Senior Member

Posts: 685
From: Monterey Park, CA
Registered: Jun 2003


 - posted January 10, 2011 07:33 PM      Profile for Jeff Arellano   Email Jeff Arellano         Edit/Delete Post 
Some guy on CTresure is reporting that the Chinese will be closed by Mann this year and that they will use the Chinese for other uses than a theater. How true is it? I don't know but I can only see it a a theater or live venue at the least.

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Richard A Stegman Jr
Member

Posts: 267
From: Calimesa,CA
Registered: Jun 2003


 - posted January 11, 2011 08:41 AM      Profile for Richard A Stegman Jr   Email Richard A Stegman Jr         Edit/Delete Post 
I don't see that happening until the 99-year lease expires.

Unless Mann can't afford the payments,then i can see it.

But until an official announcement is made,not going to believe it.

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Bill Gabel
Member

Posts: 288
From: New York, NY
Registered: Feb 2003


 - posted January 11, 2011 01:19 PM      Profile for Bill Gabel           Edit/Delete Post 
The lease can't be more than what they were paying on the Village and Bruin Theatres in Westwood. Chinese Theatres long lease is much more friendlier. Many of Mann's/National General's long term leases had great terms. Mann dropped many houses once their leases expired and they would turn to today's values. The next owner would have to restore the full stage since it is no longer is there.

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Brad Erickson
Member

Posts: 117
From: West Hollywood, CA
Registered: May 2006


 - posted January 11, 2011 02:31 PM      Profile for Brad Erickson   Email Brad Erickson         Edit/Delete Post 
. Mann is probably going to walk away from the lease and take a loss. Historically, it is a landmark and I would imagine the Hollywood Chamber of Commerce will take the steps to preserve the status of being a theatre. It just needs someone to actually get excited about it. Mann has been just letting it run on auto pilot, let's face it Mann has been slowly closing shop and does not care.

I would think the Chinese 6 would perhaps close and turn into retail space. It has been nothing really but a move over venue.

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Christopher Crouch
Member

Posts: 292
From: Anaheim, CA
Registered: Feb 2006


 - posted January 11, 2011 10:02 PM      Profile for Christopher Crouch   Email Christopher Crouch         Edit/Delete Post 
If the rumor is true (that's a big if), it could just mean they will stop operating it as a first run and focus entirely on tours, festivals, special events/screenings, rentals, etc. Or, the rumor might be entirely related to the adjascent six.

I find it very unlikely Grauman's Chinese would close or ever be converted to non cinema use. There may not be a line of operators ready to pick up the remaining years on Mann's lease, but the landlord and city would never allow it to sit dormant. If Mann were to fully back out, I'm sure there would be a new operator and some plan quickly lined up. Mann leaving acually might be the best thing, as it would open the door to new ideas and the sort of operators that would be better suited for the site.

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Brad Erickson
Member

Posts: 117
From: West Hollywood, CA
Registered: May 2006


 - posted January 12, 2011 09:25 AM      Profile for Brad Erickson   Email Brad Erickson         Edit/Delete Post 
I agree. The Chinese is suffering only because Mann has turned its back on exhibition. The Chinese needs someone to take interest in it again. It should be a showplace like the El Capitan. Re; the Chinese 6. They seem more likely to fold, or perhaps be leased out separately.

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Edward Havens
New Member

Posts: 50
From: Walnut Creek, CA
Registered: Oct 2009


 - posted January 12, 2011 10:01 AM      Profile for Edward Havens   Email Edward Havens         Edit/Delete Post 
I hate knowing things and not being able to talk about them...

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Jeff Arellano
Senior Member

Posts: 685
From: Monterey Park, CA
Registered: Jun 2003


 - posted January 12, 2011 11:30 AM      Profile for Jeff Arellano   Email Jeff Arellano         Edit/Delete Post 
Ill make the first most likely incorrect speculation: Rave is taking over the Chinese. Or maybe regency

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Brad Erickson
Member

Posts: 117
From: West Hollywood, CA
Registered: May 2006


 - posted January 12, 2011 12:33 PM      Profile for Brad Erickson   Email Brad Erickson         Edit/Delete Post 
I would say NO to Regency because I think they are just able to operate the Village and Bruin. RAVE sounds a like good guess.

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Edward Havens
New Member

Posts: 50
From: Walnut Creek, CA
Registered: Oct 2009


 - posted January 13, 2011 02:06 AM      Profile for Edward Havens   Email Edward Havens         Edit/Delete Post 
If Rave were taking over the Chinese, and I knew something about it, I wouldn't be posting here. I'd keep my trap shut, because I've seen even the slightest mention of a deal collapse a deal in the past.

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