Laemmle Theatres Arthouse Chain No Longer Seeking Buyer
www.imdb.com- Author: Dave McNary
- November 22,2019
Los Angeles-based arthouse chain Laemmle Theatres has stopped seeking a buyer, four months after putting itself on the sales block amid slow sales.
Greg Laemmle, president of the 81-year-old exhibitor, announced the development Thursday. He told Variety that discussions with an unidentified buyer had reached an advanced stage but fell apart and that there has been an uptick in business recently, thanks partly to Martin Scorsese’s “The Irishman,” which will start streaming on Nov. 27.
“Our numbers have been improving lately,” he added. “We’ve done well with ‘The Irishman.’ There’s no question that people want to see good movies as they were intended on a big screen rather than waiting for it be available on streaming through Netflix.”
The privately held Laemmle circuit was launched in 1938 by Greg Laemmle’s grandfather Max Laemmle, and has been operated by the family since then. The chain’s sites are the Claremont 5 in Claremont,
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Greg Laemmle, president of the 81-year-old exhibitor, announced the development Thursday. He told Variety that discussions with an unidentified buyer had reached an advanced stage but fell apart and that there has been an uptick in business recently, thanks partly to Martin Scorsese’s “The Irishman,” which will start streaming on Nov. 27.
“Our numbers have been improving lately,” he added. “We’ve done well with ‘The Irishman.’ There’s no question that people want to see good movies as they were intended on a big screen rather than waiting for it be available on streaming through Netflix.”
The privately held Laemmle circuit was launched in 1938 by Greg Laemmle’s grandfather Max Laemmle, and has been operated by the family since then. The chain’s sites are the Claremont 5 in Claremont,
Click here to See Full article
