With the consummation of the bankruptcy, UA's president and CEO Kurt Hall says, "We can now focus our full attention on rebuilding our key locations, continuing to improve our operating performance and rejuvenating the United Artists franchise." UA can now reject or accept leases and other contracts that it is renegotiating.
The Anschutz Corp., controlled by billionaire Philip Anschutz, the sixth richest person in the US, now controls the company. As of Jan. 22, United Artists had been operating 216 theaters with 1,604 screens, making it the sixth-largest movie theater company in the nation.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
