You will be redirected back to your article in seconds

Brit exhib ABC to sell city screens

LONDON — British exhib ABC Cinemas, the second biggest in the country, is planning to sell 20 of its city center sites, a move forced by competition from new multiplexes.

Ray Wallis, ABC marketing director, said a formal review had determined that the sites were no longer “economically viable” because their admissions had collapsed almost immediately after the opening of out-of-town multiplexes.

The sell-off of the single, two- or three-screen cinemas will cost 200 jobs and leave ABC with 60 sites, including its only multi, an eight-screener, which recently opened in Edinburgh.

The exhib is bowing two more multis in the small northern England cities of Mansfield in December and Rochdale in May 1998. Three other plexes are planned.

ABC is an old British cinema brand that was resurrected in May last year when former ABC managing director Barry Jenkins engineered the acquisition of 90 cinemas from Richard Branson’s Virgin Group for $109 million.

Virgin’s exhib division retained all of its multis in the deal, and most of the cinemas it sold to ABC had once been part of the original ABC chain.

More Film

  • Sam Rockwell

    Film News Roundup: Sam Rockwell to Voice Gorilla in Angelina Jolie's 'One and Only Ivan'

    LONDON — British exhib ABC Cinemas, the second biggest in the country, is planning to sell 20 of its city center sites, a move forced by competition from new multiplexes. Ray Wallis, ABC marketing director, said a formal review had determined that the sites were no longer “economically viable” because their admissions had collapsed almost […]

  • Meryl Streep Harvey Weinstein Jennifer Lawrence

    Harvey Weinstein Apologizes for Citing Meryl Streep, Jennifer Lawrence in Legal Defense

    LONDON — British exhib ABC Cinemas, the second biggest in the country, is planning to sell 20 of its city center sites, a move forced by competition from new multiplexes. Ray Wallis, ABC marketing director, said a formal review had determined that the sites were no longer “economically viable” because their admissions had collapsed almost […]

  • Berlin 2018 Review: Sunday's Illness

    Berlin Film Review: 'Sunday's Illness'

    LONDON — British exhib ABC Cinemas, the second biggest in the country, is planning to sell 20 of its city center sites, a move forced by competition from new multiplexes. Ray Wallis, ABC marketing director, said a formal review had determined that the sites were no longer “economically viable” because their admissions had collapsed almost […]

  • Goosebumps Sequel Cast

    'Goosebumps' Sequel Sets Ensemble Cast

    LONDON — British exhib ABC Cinemas, the second biggest in the country, is planning to sell 20 of its city center sites, a move forced by competition from new multiplexes. Ray Wallis, ABC marketing director, said a formal review had determined that the sites were no longer “economically viable” because their admissions had collapsed almost […]

  • Jodie Foster Sterling K Brown

    Jodie Foster-Sterling K. Brown's 'Hotel Artemis' Gets Distribution

    LONDON — British exhib ABC Cinemas, the second biggest in the country, is planning to sell 20 of its city center sites, a move forced by competition from new multiplexes. Ray Wallis, ABC marketing director, said a formal review had determined that the sites were no longer “economically viable” because their admissions had collapsed almost […]

  • Alexandre Desplat

    Will Alexandre Desplat Take Home Another Oscar? A History of Score Wins

    LONDON — British exhib ABC Cinemas, the second biggest in the country, is planning to sell 20 of its city center sites, a move forced by competition from new multiplexes. Ray Wallis, ABC marketing director, said a formal review had determined that the sites were no longer “economically viable” because their admissions had collapsed almost […]

  • Tucker Tooley

    Broad Green's 'Fight Before Christmas' Santa Movie Revived by Tucker Tooley

    LONDON — British exhib ABC Cinemas, the second biggest in the country, is planning to sell 20 of its city center sites, a move forced by competition from new multiplexes. Ray Wallis, ABC marketing director, said a formal review had determined that the sites were no longer “economically viable” because their admissions had collapsed almost […]

More From Our Brands

Access exclusive content