Why is Revere Showcase cinema closing?
In fall of 2020, Revere’s Showcase Cinema de Lux — closed due to pandemic restrictions — announced that its doors would not reopen and that the property would change hands. While the area has other movie-houses, (including some owned by Showcase), the end of Revere’s Showcase is the end of an era.
What happened Revere cinema?
REVERE, MASS. (WHDH) – Showcase Cinema de Lux in Revere will be closing its doors after more than 50 years, National Amusements confirmed. In a statement, National Amusements said that it has signed an agreement for the potential sale of the movie theater site to Northbridge Partners, a Massachusetts-based developer.
What are they building at Showcase Cinema in Revere?
Plans for an Amazon distribution center at the former Revere Showcase Cinemas have been approved for development in Revere. The project entails demolishing the theater and constructing a new 142,746 SF last-mile distribution warehouse with immediate access to Route 1.
When did the Revere Showcase cinema open?
Opened July 23, 1982.
Who does National Amusements own?
Redstone and his family, National Amusements operates as the parent company of Viacom Inc., which includes Paramount Communications, MTV Networks, Nickelodeon, VH1, Blockbuster Video, Simon & Schuster, Showtime Networks, Inc., and other major entertainment properties.
How much is Sumner Redstone worth?
According to Forbes, as of April 2020, he was worth US$2.6 billion. Redstone was formerly the executive chairman of both CBS and Viacom….
| Sumner Redstone | |
|---|---|
| Occupation | Chairman of National Amusements Chairman Emeritus of ViacomCBS |
What is Viacom net worth?
Viacom (2005–2019)
| Viacom’s headquarters at One Astor Plaza in New York City | |
|---|---|
| Net income | US$1.522 billion (2019) |
| Total assets | US$23.671 billion (2019) |
| Total equity | US$8.520 billion (2019) |
| Owner | National Amusements (80% voting power) |
Who owns BET Rothstein?
According to Forbes, as of April 2020, he was worth US$2.6 billion. Redstone was formerly the executive chairman of both CBS and Viacom….
| Sumner Redstone | |
|---|---|
| Partner(s) | Sydney Holland (2010–2015) |
| Children | Brent Redstone Shari Redstone |
| Parent(s) | Belle Ostrovsky Michael Rothstein |
| Military career |
What is the net worth of CBS?
CBS Corporation
| CBS Corporation’s headquarters at the CBS Building in New York City. | |
|---|---|
| Operating income | US$ 2.768 billion (2018) |
| Net income | US$ 1.960 billion (2018) |
| Total assets | US$ 21.86 billion (2018) |
| Total equity | US$ 2.80 billion (2018) |
What is ABC net worth?
Wunderlich figures that the ABC Network is worth $1.7 billion, or just 4% of ESPN’s value, and the ABC Station Group another $2.6 billion.