"More people than ever are going to movie theaters. 7548 N com Bahr Harbor Lake Front Resort 324 Clearview Dr Houghton Lake MI. There must be a deadline for the integration."īecause potential customers can see a movie on myriad electronic devices, as well as at home on their television, Bow Tie must continue to make attending a theater a pleasurable experience, Aguinaldo said. You need experts to go in and decide what is going to be done. 141 West 54th Street New York, New York Space Film Opens 'Automated' Jewel Box 2/ Auditorium.
"They (Bow Tie) will evaluate all management and get them to excel," he said. "At Bow Tie we are a family business, and we have a long-term horizon."Īs with any acquisition, integrating the facilities and staff is a crucial process, said Roger Aguinaldo, chief executive officer and publisher of Mergers & Acquisitions Advisor. "We do not anticipate any layoffs," she said.
Clearview movie theater free#
"At select locations, we will also introduce our signature programs, such as Movies and Mimosas and Cine Classics on Saturday and Sunday mornings, Insomnia Theater for Friday and Saturday late-night showings and Senior Wednesdays - this is $5 movies with free coffee for seniors," said Bow Tie spokeswoman Gemma Hart.īow Tie will more than double its number of employees to about 1,600 from about 600. Moss Jr., and Ben Moss, the third and fourth generations of the Moss family, respectively.Ĭlearview's Chelsea Cinemas will become Bow Tie's Manhattan flagship, and it will continue to be a venue for industry events such as the Tribeca Film Festival, the New York International Latino Film Festival and the Asian American International Film Festival, as well as for community programming and world premiere screenings.īow Tie intends to rebrand theaters and make a substantial investment in the newly acquired theaters, including digital projection and 3D installations, concession stand upgrades, decorative improvements and point-of-sale technology to enhance its customer loyalty programs. Theaters Nearby Cinpolis Succasunna (10.6 mi) Bow Tie Cinemas Bernardsville Cinema 3 (16.5 mi) The Newton Theatre (16.9 mi) AMC Rockaway 16 (16.9 mi) AmericanPlace Sparta Theatres (18.2 mi) New Vision Sparta Theatre (18.2 mi) Regal Pohatcong (18.4 mi) The Shawnee Playhouse (18. Moss more than 100 years ago, Bow Tie Cinemas is a four generation, family-owned business and the oldest cinema company in the United States. "The leases on the other five theaters that are not a part of this transaction are expiring and will not be renewed.Ĭablevision, which acquired Clearview in 1998 for a reported $158 million, announced in May 2012 that it was pursuing strategic alternatives for Clearview because it was not a core asset.įounded by B.S. "Bow Tie is not acquiring the Ziegfeld Theatre in New York City however, it will manage the theater on behalf of Cablevision," she said. The majority of the cinema locations are in. The company's mission is to return style and elegance to the movie-going experience, he said.īow Tie will acquire 41 of 47 Clearview Cinemas, according to Cablevision spokeswoman Kelly McAndrew. Clearview Cinemas (now a part of Bow-Tie Cinemas) is a specialty theater chain thats dotted across the east coast. Bow Tie makes long-term commitments in the communities where we own theaters by building local partnerships, employing local people and engaging with our patrons." "Going to the movies is a tradition deeply rooted in the local community. "This is a transformational acquisition for Bow Tie Cinemas and an exciting new chapter in our company's rich history," Ben Moss, chief executive officer, said in a statement. Retrieved 2 June 2013.Financial terms of the transaction were not disclosed, and the deal is expected to close in the coming months. Dolby Cinema AMC Reserved seating Closed caption Accessibility devices available Recliner Seats Dine-In Delivery to Seat Adult Supervision Required.
"Bow Tie Cinemas Agrees to Purchase Clearview".
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