Reading International, Inc. (RDI), incorporated on October 28, 1999, is engaged in the development, ownership and operation of multiplex cinemas in the United States, Australia, and New Zealand, and the development, ownership and operation of retail and commercial real estate in the United States, Australia and New Zealand. RDI operates through two segments: cinema exhibition and real estate. The cinema exhibition segment operates multiplex cinemas. RDI's real estate segment includes real estate development and the rental of retail, commercial and live theater assets. The Company manages its cinema exhibition businesses around the world under various brands, including Reading Cinema, Angelika Film Centers, Consolidated Theatres and City Cinemas brands in the United States; under the Reading Cinema brand in Australia, and under the Reading Cinema and Rialto brands in New Zealand.
Cinema Exhibition Activities
The Company owns and operates three categories of cinemas: stadium-seating multiplex cinemas featuring conventional film product; specialty and art cinemas, such as Angelika Film Centers in the United States and the Rialto Cinema in New Zealand, and sloped floor cinemas in certain markets, including New York City and small town markets. The Company also has various offerings, including luxury seating, lounges, cafes and bar service, and other amenities. As of December 31, 2016, the Company owned and operated 54 cinemas with 436 screens, had interests in certain unconsolidated joint ventures and entities that own an additional three cinemas with 29 screens and managed one cinema with four screens.
Real Estate Activities
As of December 31, 2016, the Company leased approximately 1,800,000 square feet of completed cinema space in the United States, Australia and New Zealand. In Australia, as of December 31, 2016, it owned approximately 1,200,000 square feet of land at nine locations. In New Zealand, as of December 31, 2016, it owned approximately 3,300,000 square feet of land at six locations. In the United States, as of December 31, 2016, it owned approximately 134,000 square feet of improved real estate consisted of three live theater buildings, which include approximately 37,000 square feet of leasable space, the fee interest in the Union Square property being redeveloped, and the fee interest in its Cinemas in Manhattan. It also owned 202 acres of unimproved land in Coachella Valley, California, held through a limited liability company, as of December 31, 2016. The Company's real estate holdings also included three Off Broadway style live theaters, as of December 31, 2016. The Company licenses theater auditoriums to the producers of Off Broadway theatrical productions, and provides various box office and food and beverage services. The Company has two single-auditorium theaters in Manhattan: the Minetta Lane and the Orpheum. It also owns a four-auditorium theater complex, the Royal George Theatre in Chicago, which has ancillary retail and office space.
The Company competes with AMC, Regal, Cinemark, Amalgamated Holdings Limited, Hoyts Cinemas and Village Cinemas.
5995 Sepulveda Blvd Ste 300
The company trades on NASDAQ exchange. The company headquarter is located in California, CA. The company was established in the 1937.| Ticker | RDIB |
| Long Name | Reading International Inc |
| Short Name | Reading International |