EXHIBIT 12.1

Reading International, Inc.

Computation of Ratio of Earnings to Fixed Charges

(dollars in thousands)

Note: The ratio of earnings to fixed charges is calculated by adding pre-tax income from continuing operations before adjustment for noncontrolling interests and equity in net income (loss) from affiliates plus fixed charges and dividing that sum by fixed charges.

	Year Ended December 31,															Six Months Ended June 30,
	2004			2005			2006			2007			2008			2009
Earnings (loss) - As defined by Reg. S-K Item 504
Pre-tax income from continuing operations	$	(8,516	)	$	(10,826	)	$	(6,191	)	$	(3,519	)	$	(17,037	)	$	7,164
Add:
Fixed charges		4,464			8,101			9,517			14,413			25,510			9,455
Distributed income of equity investees		1,546			855			6,647			4,619			951			412
Less:
Interest capitalized		--			(2,612	)		(1,801	)		(4,422	)		(5,708	)		(136	)
Noncontrolling interests without fixed charges		(112	)		(579	)		(672	)		(917	)		(500	)		(213	)
Earnings (loss)	$	(2,618	)	$	(5,061	)	$	7,500		$	10,174		$	3,216		$	16,682
Fixed Charges:
Interest expensed	$	3,921		$	4,682		$	6,916		$	8,961		$	16,749		$	7,998
Interest capitalized		--			2,612			1,801			4,422			5,708			136
Amortization of capitalized expenses related to indebtedness		--			--			--			160			1,235			417
Estimated interest factor of rental expense		543			807			800			870			1,818			904
Total fixed charges	$	4,464		$	8,101		$	9,517		$	14,413		$	25,510		$	9,455
Ratio of earnings to fixed charges		*			*			*			*			*			1.76
Deficiency of one-to-one coverage ratio of earnings to fixed charges	$	7,082		$	13,162		$	2,017		$	4,239		$	22,294			N/A