Latest in Reading International

While the blows absorbed by mass-market U.S. exhibitors like AMC and Cinemark during COVID-19 have dominated the headlines, the damage appears to be even more severe on the specialty front. Reading International, a Culver City, CA-based arthouse and real estate firm, reported a 96% decline in second-quarter revenue on…

Reading International, or at least a major stake in it, might soon be on the block following a tentative court ruling involving a squabble among members of the Cotter family that controls the No. 9 exhibition chain. California’s Superior Court in Los Angeles wants to appoint a temporary trustee who would have "the…

Shares of Reading International are up about 5% so far this week and touched an all-time high of $17.18 today after Patton Vision’s Paul Heth released a letter to the company disclosing that a consortium he’s leading has raised its offer for the nation’s No. 11 exhibition chain by 8.8% to $18.50 a share — or $436…

Is Reading International, the USA’s No. 11 movie exhibitor, on the block? Not yet, it seems. But the company’s stock price is up 8.3% this week after a disclosure that it rejected an unsolicited offer of about $370 million last month. The board “carefully evaluated the indication of interest” from an unnamed suitor…