Exclusive theater chain targets rich moviegoers | Entertainment | Film | Reuters
The Retirement Systems of Alabama — last seen around here owning US Airways, and you can imagine how that turned out — is investing in a theater chain startup that would ask people to pay $35 to go to the movies. I don’t know if it’s worse if this succeeds or if it doesn’t.
5 responses so far ↓
e. nonee moose // March 27, 2008 at 9:53 am
I really have to wonder what else the RSA has been up to lately. Did they get caught up in any of those mortgage derivatives that brought Bear Stearns down? Will we ever know if they did?
S. Colson // March 27, 2008 at 3:13 pm
I’m curious how the Retirement Systems of Alabama conducted their investigative research about the economic model for the theatre exhibition business and this new start-up venture. As an industry veteran for more than 30 years with public and private theatre companies (including my own), this investment seems too risky for them. Could they be chasing “hollywood glitter” rather than “business substance?”
Mac Thomason // March 27, 2008 at 3:50 pm
They bought an airline after 9-11. What does that tell you?
walt moffett // March 27, 2008 at 7:46 pm
As a state retiree, I find the news disturbing. With a recession/depression coming up, luxury goods and services will be in low demand.
Remember RSA’s ultimate fall back position, in a defined benefit plan, the state must (’scuse me while I go into hysterics) pay the benefits promised.
I see Norman Lear is involved and wonder if that was an influence.
Jeff (no, the other one) // March 28, 2008 at 3:08 pm
I see Dr. Bronner come into our building for lunch now and again. Some lucky person gets to walk next to him, the rest trail in his wake like wannabes.
Gotta say this one sounds like a bad idea. Couldn’t RSA find a domed stadium project to fund instead…?
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