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   » » Wiki: Reading Cinemas
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Reading Cinemas ( ) is a group of cinema chains operating in the , , and . They are owned by Reading International, a U.S.-based company.


History

20th century
In the late 1980s, through his holding company the Craig Corporation, –based lawyer James Cotter acquired the , a former American railroad company that held a portfolio of properties after it sold its railroad assets and 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 .

Reading entered the market in 1995 and the market two years later, 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 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 .

By 1996, Cotter reorganized the company as Reading Entertainment, a corporation, and on December 31, 2001, both Reading Entertainment and Craig Corporation merged into and with Citadel Holding Corporation, another Cotter company.


21st century
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.

In 2023, Mayor of Wellington and the Wellington Council had voted to give Council staff the approval to negotiate the NZ$32 million agreement to refurbish and earthquake-strengthen the building, which housed the historic Wellington theater, but had been closed since 2019. In April 2024, the Wellington City Council exited the agreement, citing Reading's inability to come up with its share of the investment.


See also
  • Angelika Film Center
  • Consolidated Theatres


External links

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