Thursday, January 12, 2006
A NEW OPPORTUNITY FOR TRUMP: In the "most obvious legal conclusion of the year" sweepstakes, we have an early frontrunner. The DOJ is apparently saying that LoewsCineplexOdeonAMC must sell one of the two theatres it owns across the street from one another in Times Square before the merger will be finalized so that it doesn't own 39 screens on the same block. Unsurprisingly, they're opting to sell the smaller Loews, rather than the larger, newer, and nicer AMC, which is the #1 grossing theatre in all of America. I'm actually surprised that Loews hasn't gotten into antitrust trouble before now, because they are almost totally dominant over Manhattan movie theatres, especially in the "mass exhibition" area. I expect Regal Cinemas to swoop in, as I'm sure they'd love to expand their empire to theatres above 14th Street.
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