Reading International Announces Reopening of Harbour Town Cinema Complex in Queensland, Australia with State-of-the-Art Upgrades

Category:

9/15/15 8:19 pm EDT

Dateline:

LOS ANGELES

Public Company Information:

NASDAQ:
RDI
US7554081015
"The upgrades to Reading Cinemas Harbour Town solidify its position as the preferred location in the Gold Coast market for moviegoers, offering the highest level of comfort and cutting edge technology"

LOS ANGELES--(BUSINESS WIRE)--Reading International, Inc. (NASDAQ: RDI) today announced the reopening of its completely refurbished cinema complex in Harbour Town, Australia. The highlight of the state-of-the-art complex is a new 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.

Ellen Cotter, Chairman and Interim Chief Executive Officer of Reading International, said, “We are making great progress in executing our strategic plan, both in the Australian market and across our cinema, live theatre and real estate portfolios. Since entering the Australian cinema market in 1995, Reading International has grown its portfolio to own and operate 20 cinema locations with 149 screens, generating more than AUD $100 million (US $71 million) in total revenue and averaging approximately 6.5 million customers on an annual basis.”

“The upgrades to Reading Cinemas Harbour Town solidify its position as the preferred location in the Gold Coast 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 Harbour Town, we are continuing to execute on Reading’s strategy of leveraging innovative, state-of-the-art technology to provide unmatched experiences for our customers. Our upgrades demonstrate Reading Cinema’s commitment to offering customers an unmatched movie experience with comfort, style and value.”

In addition to its recent upgrades, customers can also enjoy Harbor Town’s Gold Lounge cinema, which offers:

  • An affordable luxury ‘dine-in’ cinema experience that combines the elegance of a fully licensed lounge bar and full food menu with a wide 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 designed to provide the ultimate in comfort; and
  • Value, consumer friendly ticket prices and unlimited free parking.

Situated in the popular dining and entertainment precinct of Harbour Town Shopping Centre, Reading Cinemas Harbour Town is the largest cinema complex on Australia’s Gold Coast with 14 screens and a 2,850 seating capacity. Reading’s Harbour Town cinema has entertained more than 10 million customers over the past 15 years and has been a key property within Reading’s portfolio of Australian cinemas.

Reading Cinemas Harbour Town marked its re-opening with the release of the epic adventure, EVEREST, which was inspired by the incredible events surrounding an attempt to reach the summit of the world’s highest mountain.

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 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.
Dev Ghose, Chief Financial Officer
(213) 235-2240

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