Wednesday, June 17, 2015

Sundance Cinema So Soon?

Sundance Cinemas only took control and remade a theater in West Hollywood a few years back, making it have five locations in the US. Now the whole theater group is putting itself up for sale? With a market where ArcLight is going to have two new theaters this year in LA and we're getting the Alamo Draft House too, you have to wonder how the business has been running?

Sundance Cinemas itself says the theaters have been making money, so why sell them off?