Muvico Theaters , Inc.

Industry:	Recreation, Movie Theaters
Revenues:	$46.6 Million
Employees:	1,200

Description

Muvico Theaters was founded in 1984 with the acquisition of a three screen theater in Coral Springs, Florida.

From 1985 to 1995, Muvico purchased or constructed eight theaters with 59 screens, including the California Club in North Miami, Florida, opened in 1988, which garnered national attention for its stadium seating, THX Sound System and expanded concession menu.

In October 1995, Muvico sold all of its operating theaters and two leases, except for the Palm Harbor 10. The purpose of the sale was to enable Muvico to develop a more efficient corporate structure with an investor group committed to aggressively growing the circuit.

In May 1996, Muvico purchased five theaters representing 43 screens in South and Central Florida and in October 1996, purchased an additional eight-screen theater in South Florida.

The Company opened its first megaplex in Orlando, Florida, called Muvico Pointe 21 in July of 1998 and in September opened an 18-plex in Pompano Beach, Florida. In March of 1999, the Company opened the Paradise 24 in Davie, Florida.

In 2000 Muvico exploded with the addition of five megaplex theaters totaling 104 screens. Opening the Palace 20 in Boca Raton, Florida in June; Centro Ybor 20 in Tampa, Florida in October; BayWalk 20 in St. Petersburg, Florida in November and both the Egyptian 24 in Baltimore, Maryland and the Parisian 20 at City Place in West Palm Beach, Florida in December.

Muvico Theaters continued its growth this year with the opening of the Peabody Place 22 Theaters in Memphis, Tennessee on June 15th, 2001. Muvico Theaters' average number of screens per location is 19.5, the highest in the industry.

Muvico's strategy is to develop, acquire and operate state-of-the-art megaplex theaters in entertainment centers in mid-sized metropolitan markets and suburban growth areas of larger metropolitan markets in any suitable location.

Muvico Theaters takes a boutique approach to each project, making it unique - not to mention a breathtaking place to see a movie.

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Research and Markets Adds Report: Think Narrow, Win Large: Advertising, Analytics, and Applications in Digital Signage. Entertainment Close-up; 8/5/2009 ...Barfly Interactive Networks - CBS - Teracom Satellite - CS Software Holdings - Dakota Audio - Flying DragonMedia - Muvico Theaters - NBC - NeoAdvertising - TVNet Display - VisionMedia Group (VMG) - NTT DoCoMo - OnSpot - OVAB Wireless Ronin - Philips... ...more

Muvico Theaters.(FORT LAUDERDALE) Florida Trend; 12/1/2009 Three executives of Fort Lauderdale-based Muvico Theaters left the company to form their own theater chain, Paragon Entertainment. Former Muvico CEO Michael Whalen, senior vice president... ...more

Sony 4K Technology Brings Multi-Player Gaming To Digital Cinema Theaters. PR Newswire; 10/2/2009 ...11 p.m., at the following theaters: -- Landmark Embarcadero, San Francisco, Calif. -- Muvico Theaters, Rosemont, Ill. -- Muvico Theaters, Thousand Oaks, Calif. -- Lincoln Square Cinemas, Bellevue, Wash. Please visit http... ...more