Reading International Opens State-of-the-Art Cinema Complex at Burwood Brickworks
December 05 2019 - 9:00PM
Business Wire
Reading International, Inc. (NASDAQ: RDI) (“Reading”) is pleased
to announce the opening of its most advanced Australian cinema at
the grand opening of the brand new Burwood Brickworks development
in Melbourne, Australia on December 6, 2019.
Reading Cinemas Burwood Brickworks showcases the Gold standard
in Australian cinema as Melbourne’s first premium TITAN LUXE
auditorium with convenient reserved seating, the newest Dolby Atmos
immersive sound and enhanced food and beverage offerings. The new
complex is the company’s first cinema in Australia to feature
reclining seats in all auditoriums.
The new six-screen Reading Cinemas complex is positioned on the
ground level of the Burwood Brickworks shopping center, on the
corner of Middleborough Road and Burwood Highway.
Reading acquired the former Burwood Brickworks property in the
mid-1990’s, when it first entered the Australian market. The
property was later sold to a predecessor company of Frasers
Property Australia. The approximately 150,000 square foot Burwood
Brickworks shopping center will be the heart of the mixed-use
community.
Ellen Cotter, Chair and Chief Executive Officer of
Reading, commented: “Our new Reading Cinemas at Burwood Brickworks
offers a first-class cinematic experience. We are thrilled, not
only to partner with Frasers at Burwood Brickworks, but also to be
finally delivering on the vision that my father and Reading
founder, James J. Cotter, Sr., had to open a state-of-the-art
cinema on the Burwood property. Many Reading executives fondly
remember the long conversations decades ago regarding my father’s
aspirations to entertain the Burwood community. From service to
presentation to curated programming, we believe our new movie
theater will set new standards for both this community and
Reading.”
“We are excited to partner with Frasers Property to bring our
most advanced cinema complex ever to the inner city of Melbourne,”
said Mark Douglas, Reading Cinemas Australia’s Managing
Director. “We look forward to building on Reading’s long
association with the Burwood site to provide a theatrical
experience for guests that is of a world class standard.”
TICKETS FOR THE OPENING WEEK
ARE NOW ON SALE AT WWW.READINGCINEMAS.COM.AU
About Reading International,
Inc.
Reading International (http://www.readingrdi.com) is a publicly
listed company in the United States (NASDAQ: RDI), which is in the
business of owning and operating cinemas and developing, owning and
operating real estate assets. Our business consists primarily of
the development, ownership and operation of cinemas in the United
States, Australia and New Zealand; and the development, ownership
and operation of retail and commercial real estate in Australia,
New Zealand and the United States, including entertainment-themed
retail centers in Australia and New Zealand and live theatre assets
in Manhattan and Chicago in the United States.
Reading manages its worldwide cinema business under various
brands in the United States, under the Reading brand
(http://www.readingcinemasus.com), Angelika Film Center brand
(http://www.angelikafilmcenter.com), Consolidated Theatres brand
(http://www.consolidatedtheatres.com); and City Cinemas brand
(http://www.citycinemas.com). In Australia, Reading owns and
manages the Reading brand (http://www.readingcinemas.com.au); and
in New Zealand, the Reading brand (http://www.readingcinemas.co.nz)
and Rialto (http://www.rialto.co.nz) brands. Its live theatres
operate under the Liberty Theatres brand
(http://www.libertytheatresusa.com).
Forward-Looking
Statements
This press release contains certain statements that are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Such statements are qualified by the inherent
risks and uncertainties surrounding future expectations generally
and also may materially differ from actual future experience
involving any one or more of such statements. Such risks and
uncertainties include the possibility that the actual market share
of the acquired cinemas and anticipated reduction in the
acquisition financing will differ from these forward-looking
statements, as well the risks and uncertainties set forth from time
to time in Reading's filings with the Securities and Exchange
Commission. The inclusion of a forward-looking statement in this
press release should not be regarded as a representation by Reading
that its objectives will be achieved. Reading undertakes no
obligation to publicly update forward-looking statements, whether
as a result of new information, future events, or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191205005946/en/
Investor Contacts:
Reading International, Inc. Gilbert Avanes, Executive Vice
President, Chief Financial Officer and Treasurer Andrzej
Matyczynski, Executive Vice President for Global Operations (213)
235-2240
And
Joele Frank, Wilkinson Brimmer Katcher Kelly Sullivan or Matthew
Gross (212) 355-4449
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