| Business Summary | | Reading
Entertainment,
Inc.
is
primarily
engaged
in
the
development
in
Australia
and
New
Zealand
of
cinema-based
entertainment
centers,
and
in
the
multiplex
cinema
exhibition
business
in
Australia,
New
Zealand
and
Puerto
Rico,
focusing
on
the
market
for
multiplex
complexes
featuring
principally
commercial
film.
In
the
future,
the
Company
intends
to
focus
on
the
cinema
and
entertainment
center
market
in
Australia
and
New
Zealand,
and
to
de-emphasize
and
ultimately
to
phase-out
of
the
Puerto
Rican
cinema
market.
In
March
2001,
the
Company
sold
substantially
all
o
its
domestic
cinema
assets,
retaining
only
a
33.33%
membership
interest
in
Angelika
Film
Center
LLC. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RDGE
operates
multiplex
cinemas
in
Puerto
Rico,
New
Zealand,
Australia
and
the
U.S.,
and
art
and
specialty
cinemas
in
the
U.S.
RDGE
also
sells
real
estate
properties
and
does
equipment
leasing.
Revenues
for
the
six
months
ended
6/30/01
decreased
13%
to
$19.3
million.
Net
loss
applicable
to
Common
rose
6%
to
$5.3
million.
Revenues
reflect
the
closure
of
a
cinema
in
Puerto
Rico
and
the
deconsolidation
of
AFC.
Higher
loss
reflects
the
absence
of
a
gain
on
AFC
interest. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| James Cotter, 62 Chairman,
CEO | $150K | Robert Smerling, 65 Pres | 195K | S. Craig Tompkins, 49 Vice
Chairman | 180K | James Wunderle, 48 Exec.
VP, CFO and Treasurer | 180K | Charles Groshon, 46 VP
of Fin. | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|