Reading Cinemas ( ) is a group of cinema chains operating in the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...
,
New Zealand
New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island count ...
, and
Australia. They are owned by the American company Reading International.
History
![State_Cinema_North_Hobart](https://upload.wikimedia.org/wikipedia/commons/5/54/State_Cinema_North_Hobart.jpg)
In the late 1980s, through his holding company the Craig Corporation, Los Angeles-based lawyer James Cotter acquired the
Reading Company, a former American railroad company that held a portfolio of
real estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...
properties after it sold its railroad assets and
rolling stock
The term rolling stock in the rail transport industry refers to railway vehicles, including both powered and unpowered vehicles: for example, locomotives, freight and passenger cars (or coaches), and non-revenue cars. Passenger vehicles can ...
in 1976. Through the rest of the 1990s, Cotter acquired, developed, and operated real estate properties, focusing on cinema exhibitors and live theatre operators. Most of the company's holdings by this time were located far beyond the company's historical native ground of eastern
Pennsylvania
Pennsylvania (; ( Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, ...
.
Reading entered Australia in 1995 and New Zealand in 1997, developing a chain of multiplex cinemas that operated under the Reading banner and exhibited mainstream films. In the United States, Reading pursued a more offbeat business direction, acquiring an art-house theatre at the historic
Cable Building in
New York City
New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...
in 1996 that operated under the name
Angelika Film Center. The company also acquired and expanded a chain of multiplex cinemas throughout the island of
Puerto Rico
Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and unincorporated ...
.
By 1996 Cotter reorganized the company as Reading Entertainment, a Delaware corporation, and on December 31, 2001, both Reading Entertainment and Craig Corporation merged into and with Citadel Holding Corporation, another Cotter company.
James Cotter died in August 2014, leaving his investment in the company in trusts that have been subjected to multiple years of litigation between his designated successor CEO, his son James Jr., and his daughters (Jr.'s sisters), Ellen and Margaret. In 2015, James Jr. was ousted by his sisters and a majority of the board of Reading International and Ellen Cotter subsequently was named CEO.
"Reading International May Be For Sale Following Court Ruling In Family Squabble," by David Lieberman (Deadline Hollywood; September 5, 2017)
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See also
* Consolidated Theatres
* Angelika Film Center
References
{{reflist
Movie theatre chains in the United States
Entertainment companies established in 1995
Companies affiliated with the Reading Company
Cinema chains in Australia
1995 establishments in Australia