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Regal Cinemas
built 655 days ago
Regal Cinemas was formed in 1989 in Knoxville, with Mike Campbell as CEO. Campbell was previously president of a smaller chain called Premiere Cinemas, which was sold to Cinemark. Regal began to grow at a rapid pace, opening larger cinemas in suburban areas. Many of these contained a "premium" cafe (later called Cafe Del Moro) and a more upscale look than theatres of the time.
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In 2003, Regal introduced The 2wenty, an approximately 20 minute digital video program distributed to Regal's theatres via satellite. The initiative was meant to replace the traditional slide show presentation and "rolling stock" film advertisements. Instead of focusing on movie trivia, info about actors, and other movie-related items, as was the norm with the slide show presentation, the 2wenty was four approximately 5-minute long advertisements, usually for TV shows or upcoming films. Standard 30-second television commercials are shown as well. In January 2006 the preshow was renamed Regal First Look, but is largely the same as the show it replaced. The program is scheduled to end at the movie's start time, at which point the 35 mm film begins rolling with the previews and feature.
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Neither Regal Cinemas nor the producers of Transformers stood to take a loss from Sejas’ sharing of a 20-second cell-phone quality clip. The reason it did not occur to Sejas that she was doing something wrong is because she had no criminal intent! Note that Sejas was not charged with any copyright violation, as showing her brother a 20-second low-quality clip certainly would have fallen under Fair Use.
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Consider that this is not only an injustice for the woman charged and for the moviegoing public, but it is ... going to have a negative effect on Regal shareholders, as the boycott will result in economic loss to Regal. If Regal fails to act reasonably to protect the share value when a simple action could have done so, there may be grounds for a shareholder lawsuit.
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The Arlington County prosecutor, Richard Trodden, told a Wired blogger that Regal Cinema continued to press the case. “They were saying, ‘Could you get her to admit that it wasn’t right.’ They wanted to make sure the message gets out.”
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CENTENNIAL, Colo., May 9 /PRNewswire-FirstCall/ -- Regal Entertainment Group (NYSE: RGC - news) announced the initial public offering of 18 million shares of Class A Common Stock at $19.00 per share. In addition, the underwriters have been granted an option by certain of the Company's stockholders to purchase up to an additional 2.7 million shares of Class A Common Stock to cover over-allotments, if any. The Class A Common Stock will trade on The New York Stock Exchange under the symbol "RGC".
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