Boxoffice-November.2001

ased Muvico successfully acquire
General Cinema, they are
likely to divide the venues geographically.
Investors that had
been expected to present an
offer were a group of former
General Cinema executives
headed by father-and-son team
Richard and Robert Smith.
Although the group had court
approval to present an offer, a
bid never came through.
BANKRUPTCY FILING
IMMINENT FOR NATION'S
LARGEST CIRCUIT
Regal ( inemas, the world's
largest exhibition circuit, announced
today that pending maim
it\ approval from the company's
leading subordinated debt
holders, the Knoxville, Tenn.-
based chain intends to file for
voluntary Chapter 11 protection.
Under terms of the proposed
restructuring, senior creditors
will receive payment of accrued
and unpaid interest as well as
1 00 percent of reorganized Regal
common stock, dependent upon
dilution by a new management
incentive plan. In addition, a
number of creditors will also
receive payment for certain costs
and expenses resulting from the
company's restructuring.
"After careful evaluation of
REGIONAL NEWS
MID-ATLANTIC NATO INVITES SCHOLARSHIP APPLICATIONS
go out to our member theatres early in January, but our
Our scholarship applications will
announcements and early advisory should be in your hands now, having been mailed
September 5. Please, managers, post the red bulletin notice so that your employees will know
about the program. $20,000 in scholarships will be awarded to high school senior and college/university
employees of our Mid-Atlantic NATO theatres in 2002 as follows: Employees
who are now college/university students— first place: $3,000 Mid-Atlantic NATO Scholarship;
second place: $2,000 Jim & Ted Pedas Foundation Scholarship; third place: $2,000 Paul Roth
Memorial Scholarship; fourth and fifth places: $1,000 Mid-Atlantic NATO Scholarships; sixth
and seventh places: $500 Mid-Atlantic NATO Scholarships. Employees who are now high
school seniors— first place: $3,000 Mid-Atlantic NATO Scholarship; second place: $2,000
Mid-Atlantic NATO Scholarship; third place: $1,000 Sam Bendheim Memorial Scholarship,
funded by Regal Cinemas; fourth, fifth and sixth places: $1,000 Mid-Atlantic NATO
Scholarships; seventh and eight places: $500 Mid-Atlantic NATO Scholarships. Criteria for
judging includes on-the-job performance, need, school record and all-around citizenship.
—Contributed by Mid-Atlantic NATO
NATO OF PA LISTING
Please add NATO of Pennsylvania to [BOXOFFICE'sl listing of organizations and associations.
We have a membership of approximately 80 members representing about 800 screens.
President and Executive Director, H. Donald Busch; Vice President, Nick Mulone, Mulone
Theatres; Vice President, Marvin Troutman, Cinema Centers; Vice President and Treasurer,
Charles Fogel, United Artists Theatres; Secretary, Gina DiSanto, Cinema Centers. NATO of
Pennsylvania, 128 Chestnut St., Suite 303, Philadelphia, PA 19106. Phone:215-238-0633;
Fax: 21 5-238-0683—Contributed by NATO of Pennsylvania
Regional NATO offices and exhibition associations, send your news clips to:
BOXOFFICE, Attn: Regional News
155 S. El Molino Ave., Suite 100,
Pasadena, CA 91101
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ember, 2001 111