Reading International Announces Expansion of Cinema Portfolio with Grand Opening of State-of-the-Art Reading Cinemas LynnMall in New Lynn, Auckland, New Zealand

Category:

11/9/15 4:30 pm EST

Dateline:

LOS ANGELES

Public Company Information:

NASDAQ:
RDI
US7554081015
"Reading LynnMall will be the preferred location in the Auckland market for moviegoers, offering the highest level of comfort and cutting edge technology"

LOS ANGELES--(BUSINESS WIRE)--Reading International, Inc. (NASDAQ: RDI) today announced it will open the state-of-the-art Reading Cinemas LynnMall, its first Auckland cinema complex, in New Lynn, New Zealand on November 26, 2015. The new state-of-the-art cinema complex will bring Reading’s premium offerings to the newly redeveloped LynnMall Shopping Centre, providing a compelling and convenient movie experience for the Centre’s guests. Situated in the soon to be popular ‘Brickworks’ dining and entertainment precinct of the LynnMall Shopping Centre, Reading Cinemas LynnMall will be Auckland’s newest and most modern eight screen cinema complex.

Ellen Cotter, Chairman and Interim Chief Executive Officer of Reading International, said, “We have continued to make great progress in executing our strategic plan, both in the New Zealand market and across our cinema, live theatre and real estate portfolios. Since entering the New Zealand cinema market in 1995, Reading International has established a sizeable real estate portfolio and grown its cinema enterprise to own and operate nine cinema locations with 54 screens, generating more than $30 million NZD in total revenue and averaging approximately 2.0 million customers on an annual basis.”

Reading’s LynnMall Cinema Complex will offer the best comfort, space and world-class digital film presentation. This includes the Company’s newly formatted TITAN XC Extreme Cinema, a 20 metre wide ‘wall-to-wall’ screen, that will also incorporate Dolby Atmos, a fully immersive 3D sound system that is being embraced by leading exhibitors and filmmakers worldwide as the next-generation sound in the cinema. To further enhance its position as a leading entertainment destination, Reading will offer two luxury dine-in licensed “Premium Cinema” screens, with a full food and beverage menu to provide the best movie going experience for customers.

“Reading LynnMall will be the preferred location in the Auckland market for moviegoers, offering the highest level of comfort and cutting edge technology,” said Wayne Smith, Managing Director of Reading Entertainment. “With the installation of Dolby Atmos and our new TITAN XC concept at LynnMall, we are continuing to execute on Reading’s strategy of leveraging innovative, state-of-the-art technology to provide unmatched experiences for our customers. We are committed to delivering the highest level of service and value to our customers, and are proud to extend our offerings as part of the upgrades and renovations to the historic LynnMall Centre.”

The LynnMall Cinema Complex will feature:

  • Five traditional cinema screens with wide body seating;
  • An affordable luxury ‘dine-in’ cinema experience that combines the elegance of a fully licensed lounge bar and full food menu with a selection of delicious options;
  • Signature wall-to-wall screens with state-of-the-art sound equipment that provides an unmatched cinematic experience for customers;
  • Luxury reclining armchairs for the ultimate in comfort; and
  • Value, consumer friendly ticket prices and unlimited free parking.

About Reading International, Inc.

Reading International (http://www.readingrdi.com) is in the business of owning and operating cinemas and developing, owning and operating real estate assets. Our business consists primarily of:

  • 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 Australia, New Zealand, and the United States, including entertainment-themed retail centers (“ETRC”) in Australia and New Zealand and live theater assets in Manhattan and Chicago in the United States.

Reading manages its worldwide business under various different brands:

Contact:

Reading International, Inc.
Wayne Smith, Managing Director
+61 (3) 9685 0906
or
Reading International, Inc.
Dev Ghose, Chief Financial Officer
(213) 235-2240

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