Andrew Wallenstein President and Chief Media AnalystLaemmle Theatres is considering unloading at least one of its theaters that has been sitting idle for the past four months amid the pandemic-induced shutdown.The Claremont 5 theater has already been put up for sale and the company is mulling shopping one or more of the six other theaters the 82-year-old business owns and operates in California, according to CEO Greg Laemmle.“The only lifeline that we have as a company is that we happen to own a lot of our dirt, the theaters where we are located,” he said in an interview on the latest episode of the Variety podcast “Strictly Business.” “So we are looking at options for selling maybe even in this market.”Listen to the podcast here: Like.
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