National Amusements

National Amusements, Inc.

Type	Private
Industry	Entertainment Movie theaters
Founded	Dedham, Massachusetts in 1936; 80 years ago (1936)
Founder	Michael Redstone
Headquarters	Norwood, Massachusetts, United States
Area served	Nationwide
Key people	Sumner Redstone (Chairman & CEO) Shari Redstone (President)
Owner	Sumner Redstone (80%)^[1] Shari Redstone (20%)^[1]
Divisions	Showcase Cinemas Cinema de Lux Multiplex Cinemas KinoStar
Subsidiaries	Viacom CBS Corporation
Website	www.nationalamusements.com

National Amusements, Inc. is an American privately owned theater company based in Dedham, Massachusetts, United States. The company was founded in 1936, as the Northeast Theatre Corporation by Michael Redstone.

National Amusements is now owned by Michael Redstone's son, Sumner Redstone, who holds 80% of the company, and Sumner's daughter, Shari Redstone, who owns the remaining 20%. Through National Amusements, the Redstones control both the CBS Corporation (owner of CBS) and Viacom (owner of Paramount Pictures) through supervoting shares.^[2]

The City Center 15 Cinema De Lux in White Plains, New York's City Center includes a waiting area with a TV, newspaper rack and sofas (left), a piano (center), and a bar and grill restaurant (not pictured).

The company operates more than 1,500 movie screens across the United States, the United Kingdom, Latin America, and Russia under its Showcase Cinemas, Multiplex Cinemas, Cinema de Lux, and KinoStar brands.

National Amusements is equal partners in MovieTickets.com.

National Amusements' slogan, "Welcome to the Show", was coined by policy trailer producer Pike Productions, Inc., with which National Amusements had an exclusive contract until Filmack acquired Pike, in the late 2000s.

1 Financial troubles
- 1.1 Sale of theaters and subsidiary stock
2 Main competitors
3 References
4 External links

Financial troubles[edit]

At the end of 2008, the Redstones' financial troubles started when billionaire Sumner Redstone had to dump $400 million of nonvoting shares.^[3]

It was released that National Amusement planned to sell $390 million of notes in another attempt to refinance a large part of the company's bank owed debt.^[4]

Sale of theaters and subsidiary stock[edit]

In October 2009, the news was released that National Amusement would be selling almost $1 billion of stock they own in CBS and Viacom.^[5] National Amusements has sold 35 theaters to Rave Motion Pictures.^[6]

Main competitors[edit]

References[edit]

^ ^a ^b http://variety.com/2015/biz/news/shari-redstone-sumner-redstone-viacom-cbs-buyout-1201665973/
^ Greg Griffin (2007-02-06). "Redstones settle feud over family business". The Denver Post.
^ James, Meg (October 11, 2008). "Redstone hit by credit troubles". LA Times. Retrieved 2013-01-20.
^ Korby, Boris; Maheshwari, Sapna (November 23, 2010). "National Amusements Plans to Sell $390 Million of Notes to Refinance Debt". Bloomberg. Retrieved 2013-01-20.
^ Edward B. Colby (2009-10-14). "National Amusements Inc. to sell nearly $1B of its Viacom, CBS stock". The Daily News Transcript.
^ Nikki Finke (2009-12-07). "Rave To Acquire 35 Of Redstone's National Amusements Theater Complexes".

External links[edit]

Wikimedia Commons has media related to National Amusements.

CBS Corporation

Corporate directors

Radio stations

v t e CBS Radio

AM Radio Stations	KCBS KDKA KFNQ KHTK KIKK KILT KMOX KNX KRAK KRLD KXNT KXST KYW KZDG WAOK WBBM WBZ WCBS WCCO WFAN WINS WJFK WJZ WPHT WQAM WSCR WTIC WWJ WXYT

FM Radio Stations	KALV-FM KAMP-FM KCBS-FM KDKA-FM KEGY KEZK-FM KEZN KFRC-FM KFRG KHMX KILT-FM KITS KJAQ KJKK KKHH KLLC KLOL KLUC-FM KLUV KMLE KMNB KMPS-FM KMVK KMVQ-FM KMXB KNCI KOOL-FM KRLD-FM KROQ-FM KRTH KSFM KTWV KVFG KVIL KXFG KXQQ-FM KXTE KYKY KYMX KYXY KZJK KZOK-FM KZZO WBBM-FM WBMP WBMX WBZ-FM WBZZ WCBS-FM WCFS-FM WDCH-FM WDOK WDSY-FM WDZH WFAN-FM WIAD WIP-FM WJFK-FM WJMK WJZ-FM WKIS WKRK-FM WLIF WLZL WNCX WNEW-FM WOCL WODS WOGL WOMC WOMX-FM WPGC-FM WPOW WQAL WQMP WRCH WTIC-FM WUSN WVEE WWMX WXRT WXTU WXYT-FM WYCD WZGC WZLX WZMP WZMX

Radio Networks	Boston Bruins Radio CBS Radio News CBS Sports Radio New York Yankees Radio

Digital properties	Eventful Last.fm Play.it

See also Infinity Broadcasting Corporation (former company name)

Broadcast TV assets

CBS
The CW (co-owned with Warner Bros.)
Decades (co-owned with Weigel Broadcasting)

Network facilities

CBS Television Studios

Broadcast stations

v t e CBS Television Stations

CBS/DEC O&O	KCBS KCNC KDKA KOVR KPIX KTVT KYW WBBM WBZ WCBS WCCO WFOR WJZ WWJ

CW O&O	KBCW KMAX KSTW WKBD WPCW WPSG WTOG WUPA

Other stations	Ind. KCAL KTXA WBXI-CD (weather) WLNY-TV MyNetworkTV WBFS WSBK

Cable channels

CBS Studios International

CBS Interactive

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Related websites	CBS Innertube Download.com FindArticles GameFAQs GameRankings Gooey MovieTome MP3.com VersionTracker Wallstrip

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Staff, current	Dan Ackerman Bridget Carey Brian Cooley Jeff Gerstmann Jim Lanzone Daniel Terdiman Sharon Profis

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Contributors, current	Violet Blue Christopher Dawson David Gewirtz Jason Perlow

Contributors, former	Harry McCracken

Simon & Schuster

Miscellaneous assets

Defunct properties