After four years in the Lone Star State with UATC
, Angles transferred to the company's corporate office in Englewood, Colo., where she was upped to promotions manager of the department, focusing on development and execution of concessions promotions.
In March 1933, Boeing delivered the first 247 to United Air Lines, the management company formed by UATC
to oversee the operations of Boeing Air Transport and other corporate subsidiaries.
For now, while they're still calling the shots, the traditional theater owners are calling on outside consultants (Houlinan Lokey Howard and Zukin is advising UATC
and others), real estate experts to deal with those pesky leases they want to get out of, and, of course, an army of lawyers.
and GC are currently losing money from their theater operations before interest and depreciation charges.
"The good news for us is we've been working on getting rid of older theaters for a number of years, so we have a bit of a headstart over other circuits," says Hall, who also notes that in many cases UATC
owns the land on which its theaters are built.
Entertain Golden Village also surprised locals with its luxury multiplex project in Bangkok's central Siam Square, which had previously been claimed for development by Siam UATC
Union Square will be UATC
's fourth theater in Manhattan.
from the Naify family in 1986, but then-TCI president John Malone "hated" the theater business, says one person familiar with the situation, and eventually sold the exhib circuit in 1992.
Kurt Hall, who was promoted to president-CEO in March from chief operating officer, has been running UATC
since Stewart Blair quit as CEO in December 1996.
Further downtown, UATC
is building a 14-screen multiplex in Union Square that will give residents of downtown Manhattan access to stadium seating for the first time.
It also coincides with a renewed push by companies, such as United Artists Theatre Circuit (UATC
) and Village Roadshow, to build more screens in the woefully under-exhibited region.
Once Regal is acquired, it will be merged into KKR's Act III and Hicks, Muse's UATC
to form a 5,347-screen monolith twice the size of the current No.