Worldwide Entertainment-Michigan, Worldwide's local arm, has purchased the theatre and its liquor license from Nobody In Particular Presents. Neither Worldwide talent buyer Bobby Reynolds nor NIPP lawyer Kelly Allen would reveal the purchase price, but both confirm the transaction.
Worldwide had been the co-promoter at the theater and recently filed suit in Oakland County Circuit Court demanding that its partner adhere to an option that allowed Worldwide to purchase the facility if certain operating conditions were not met.
The lawsuit claims Worldwide Entertainment had loaned more than $126,000 to the theater operators this year, operators refused to surrender box-office receipts and repay about $38,000. In an interview with GlobeSt.com, Reynolds declined to provide details on the settlement.
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