Reading International Reports Fourth Quarter 2020 Results and COVID-19 Business Update
Revenues Returning as Cinemas Reopen
Non-Core Non-Cash Flowing Real Estate Assets Monetized
Earnings Call Webcast to Discuss 2020 Fourth Quarter and Full Year Financial Results and COVID-19 Updates Scheduled to Post to our Corporate Website on
Monday, April 5, 2021
CULVER CITY, Calif. (BUSINESS WIRE) Reading International, Inc. (NASDAQ: RDI), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the fourth quarter and year ended December 31, 2020 and certain first quarter events anticipated to have a material impact upon the Company going forward.
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Manhattan s Village East Cinema and Cinemas 123 join the Angelika family NEW YORK (March 3, 2021) - New York City s iconic arthouse cinema, Angelika Film Center & Cafe (the Angelika ), owned and operated by Reading International, Inc. (NASDAQ:RDI), will welcome back film lovers on Friday, March 5 at its flagship location in Soho. The Angelika will open with extensive sanitization and safety measures creating an environment carefully designed to address COVID-19 concerns. In alignment with the reopening, two Manhattan theaters - Village East Cinema at 189 2nd Avenue and Cinema 123 at 1001 Third Avenue in Manhattan - have joined the Angelika Film Center circuit and will now be known as Village East by Angelika ( Village East ) and Cinema 123 by Angelika ( Cinema 123 ), respectively.
BBC News
By Natalie Sherman
image captionAs cinemas reopen, will audiences return?
As soon as authorities announced that New York City cinemas could reopen on 5 March, Eric Thirteen was at his computer, ready to book tickets for the first film he could find.
Before the pandemic, the 34-year-old, an independent film director and producer, went to screenings three or four times a week. But he s been largely homebound for nearly a year. It s a huge vacuum, he says. I could see almost anything right now and I d probably be thrilled.
As cinemas reopen in New York - a key cultural capital in the US and one of its biggest movie markets - the film world is watching to see just how widely shared Eric s enthusiasm is.