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8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):December 16, 2003

Reading International, Inc.
(Exact Name of Registrant as Specified in Charter)

Nevada
(State or Other Jurisdiction
of Incorporation) 		1-8625
(Commission
File Number)		 95-3885184
(IRS Employer
Identification No.)

550 S. Hope Street, Suite 1825, Los Angeles, California
(Address of Principal Executive Offices) 		90071
(Zip Code)

Registrant’s telephone number, including area code (213) 235-2240

N/A
(Former Name or Former Address, if Changed Since Last Report)

 

 

 

Item 5. Other Events and Regulation FD Disclosure

     On December 16, 2003, Reading International, Inc. issued a press release announcing the recognition of its 50-acre property in Burwood Heights in Melbourne, Australia as a “major activity center.” A copy of this press release is furnished as Exhibit 99.1 to this current report.

 

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  READING INTERNATIONAL, INC.
Date: December 16, 2003 By:

Name:
Title: 		/s/ Andrzej Matyczynski
Andrzej Matyczynski
Chief Financial Officer

 

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                                                                    Exhibit 99.1

       Australian Government Unlocks Potential for Reading International's
                                  Burwood Site

    LOS ANGELES, Calif., Dec. 16 /PRNewswire-FirstCall/ -- Reading
International, Inc. (Amex: RDI.A, RDI.B) announced today that the Victorian
State Government has formally recognized the Burwood Heights district of
Melbourne as a "major activity center."

    Reading's 50-acre site is the only undeveloped property in the Burwood
Heights "major activity center."  The boundaries of the major activity center,
while having been defined, may be subject to some minor adjustments as
detailed planning of Burwood Heights proceeds during 2004.  The total area of
the major activity center as defined encompasses approximately 150 acres of
suburban Melbourne and includes the entire Reading site.  Reading's site is
one of the largest unimproved development sites in suburban Melbourne
currently in one ownership.  Approximately 430,000 people live within 5 miles
of Reading's site, and approximately 70,000 people per day pass by the site on
either the Burwood Highway or Middleborough Road.  The site is also located
adjacent to the metropolitan light rail system that links to the Melbourne
CBD.

    This action by the Victorian government opens the door to a much broader
range of development activities than would otherwise have been available to
Reading.  These include, residential (including hotel usage), retail,
entertainment, office, and other commercial uses.  It is currently anticipated
that the build-out of the Reading site will take a number of years, and will
ultimately involve an investment in excess of AUS$650,000,000.

    About Reading International, Inc.

    Reading International is in the business of owning and operating cinemas
and live theaters and developing, owning and operating real estate assets.
Our business consists primarily of (1) the development, ownership and
operation of cinemas in the United States, Australia, New Zealand, and Puerto
Rico; (2) the ownership and operation of "Off Broadway" style live theaters in
Manhattan and Chicago; and (3) the development, ownership and operation of
commercial real estate in Australia, New Zealand and the United States,
including entertainment-themed retail centers ("ETRC") in Australia and New
Zealand.

    Reading manages its worldwide cinema business under various different
brands, in the United States, under the Reading, Angelika Film Center
( http://angelikafilmcenter.com/ ) and City Cinemas brands, in Australia,
under the Reading brand ( http://www.readingcinemas.com.au/ ), in New Zealand,
under the Reading ( http://www.courtenaycentral.co.nz/ ) and Berkeley Cinemas
( http://www.berkeleycinemas.co.nz/ ) brands, and in Puerto Rico, under the
CineVista brand.

    On July 1, 2003 Reading International, Inc. joined the Russell 3000(R)
Index.  Annual reconstitution of the Russell indexes captures the 3,000
largest U.S. stocks as of the end of May, ranking them by total market
capitalization to create the Russell 3000(R).  The largest 1,000 companies in
the ranking comprise the Russell 1000(R) Index while the remaining 2,000
companies become the widely used Russell 2000(R) Index.  Based on these
criteria, Reading International now forms part of the Russell 2000(R) Index.

    Statements in this release about the Company's future financial
performance, initiatives to develop new properties and the market potential
for entertainment services are forward-looking statements and are subject to
risks and uncertainties that could cause actual results to differ materially
from expectations.  Factors that could impact Reading International's future
results include changes in demand and market growth rates, the availability of
film and live theater product, the effect of competition, pricing pressures,
exchange rate fluctuations and the viability and market acceptance of new
developments.  Although the Company believes the expectations reflected in
such forward-looking statements are based upon reasonable assumptions, it can
give no assurance that its expectations will be attained.  The Company
undertakes no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.  More
information about Reading International's risks is available in the Company's
annual report on Form 10-K and other filings made from time to time with the
Securities and Exchange Commission.

    For further information, please contact: Andrzej Matyczynski, Chief
Financial Officer of Reading International, Inc., +1-213-235-2240.

SOURCE  Reading International, Inc.
    -0-                             12/16/2003
    /CONTACT:  Andrzej Matyczynski, Chief Financial Officer of Reading
International, Inc., +1-213-235-2240/
    /Photo:  NewsCom: http://www.newscom.com/cgi-bin/prnh/20030403/LATH058LOGO
              AP Archive:  http://photoarchive.ap.org
              PRN Photo Desk, photodesk@prnewswire.com/
    /Web site:  http://www.courtenaycentral.co.nz/
    /Web site:  http://www.readingcinemas.com.au /
    /Web site:  http://angelikafilmcenter.com /
    /Web site:  http://www.berkeleycinemas.co.nz /
    (RDIa RDIb)

CO:  Reading International, Inc.
ST:  California, Australia
IN:  ENT FIN RLT REA
SU: