MOUNT KISCO, N.Y. – Normally, the movie title is what changes on the playhouse marquees, but the movie theater title is what will change in the coming months after Bow Tie Cinemas bought most Clearview Cinema theaters, including the Bedford Playhouse and Mount Kisco Cinema.
Cablevision bought Clearview in 1998. It will now sell 41 of its theaters to Bow Tie Cinemas when the "definitive" transaction is expected to close in the coming months. At that time, the four-generation, 100-plus-year-old movie company said in a statement it intends to introduce digital projection and 3D installations.
Other upgrades may be made to the customer loyalty programs.
"Bow Tie will offer a number of discounts and incentives to current Optimum rewards members," said Christopher Beattie, spokesperson for Bow Tie Cinemas. "The program will continue, but it will be called something different and there will be more of a variety than just the free movie Tuesdays."
Beattie said those incentives may include discounted movie tickets, free concessions stand items.
The purchase, announced Monday, will give Bow Tie the largest number of theaters in the New York metropolitan area, and the eighth largest motion picture exhibitor in the country, according to the statement. It will boost 388 screens in 63 locations across seven states.
The Bedford Playhouse and Mount Kisco Cinema will add to Bow Tie’s two existing New York locations in Schenectady and the Bronx.
“This is a transformational acquisition for Bow Tie Cinemas and an exciting new chapter in our company’s rich history,” Ben Moss, CEO of Bow Tie Cinemas said in a statement.
“Going to the movies is a tradition deeply rooted in the local community. Bow Tie makes long-term commitments in the communities where we own theaters by building local partnerships, employing local people and engaging with our patrons. Our mission is to return style and elegance to the movie-going experience, and we look forward to applying the same approach at our newly acquired locations.”
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