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Casualty Losses
9 Months Ended
Sep. 30, 2011
Casualty Losses [Abstract] 
Casualty Losses

Note 19 – Casualty Losses

 

Our 8-screen complex in Christchurch, New Zealand, was damaged as a result of the devastating earthquake suffered by that city on February 22, 2011, and has been closed since that date. We have earthquake and lost profits insurance on that facility and we are currently awaiting payment for our submitted claim. We currently plan to reopen this cinema on November 17, 2011.

 

Additionally, the 3-screen complex in Christchurch, New Zealand owned by our Rialto Cinemas joint venture entity ("Rialto Cinemas"), was damaged as a result of the devastating earthquake suffered by that city on February 22, 2011, and has been closed since that date. Pursuant to the lease on the property, in May 2011, Rialto Cinemas gave notice to the landlord that Rialto Cinemas would be terminating the cinema lease.