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Great Escape Theatres history
Great Escape Theatres company history timeline
The first theatre in the chain opened in Bedford, Indiana, in May 1997.
Regal Cinemas, like a number of movie theater chains, fell victim to the financial strains of overexpansion, slipped into bankruptcy, and left its joint venture owners with little hope of making a profit on their 1998 investment.
In 1998, the company was taken private again in a $1.05 billion leveraged buyout led by Kohlberg, Kravis, Roberts & Co. and Hicks, Muse, Tate & Furst.
He also demonstrated his penchant for diversifying his business interests--"Phil had a philosophy that you had to have a lot going on, because not all things would work out," a colleague noted in a September 6, 1999 interview with Fortune.
When Qwest merged with United States West in 2000, the transaction increased Anschutz's net worth to an estimated $16.5 billion.
Completion of the Digital Content Network was expected in March 2004, an entity that one analyst predicted would generate between $90 million and $100 million in annual advertising revenue.
In 2008, Boscov filed bankruptcy under ten shops to close, including the Great escape harrisburg Mall.
On 9 July 2009, the Harrisburg Malls were sold to three financial companies at the sheriff’s sale, following default on a $52.5 million loan from Feldman Liberty Adler.
The location in Fenton, Missouri, won Best Theater in the St Louis, Missouri area in the July 2009 issue of St Louis Magazine.
A location was scheduled to open in Simpsonville, SC sometime in early 2010 and Dickson City, PA in late 2010.
Great Escape Theatres was sold to Regal Cinemas for approximately $91m in December 2012.
By 31 January 2013, Critics Choice members will earn ten more credits when their Regal Crown Club card is activated online.
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Great Escape Theatres competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Hollywood Theaters | - | $25.0M | 50 | - |
| Clearview Cinemas Ziegfeld | 1994 | $33.6M | 1,000 | - |
| 21st Amendment | - | $1.9M | 51 | - |
| Houston Foods Inc | - | $22.0M | 479 | - |
| Shake's Frozen Custard | - | $600,000 | 19 | - |
| Daland Corporation | 1976 | $24.0M | 416 | - |
| Zoots Dry Cleaning & Laundry | 1998 | $380.0M | 850 | - |
| Del Dotto Vineyards | - | $200,000 | 15 | - |
| Caribbean Restaurants | 1963 | $14.0M | 200 | - |
| Rocky Mountain Recreation Co. | - | $420,000 | 50 | - |
Great Escape Theatres history FAQs
Zippia gives an in-depth look into the details of Great Escape Theatres, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Great Escape Theatres. The employee data is based on information from people who have self-reported their past or current employments at Great Escape Theatres. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Great Escape Theatres. The data presented on this page does not represent the view of Great Escape Theatres and its employees or that of Zippia.
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