Austin, TX--- Tuesday, October 12, 2010---Alamo Drafthouse Cinema is pleased to announce the appointment of Mr. Tim Reed to the position of SVP of Real Estate for Alamo Drafthouse Cinemas, LLC. Mr. Reed will be working closely with the Alamo Drafthouse development team and board of directors as they continue plans for expansion into new markets in Los Angeles, New York City and beyond.
Alamo Drafthouse Cinema is privileged to have Mr. Reed aboard, bringing over 30 years of experience in the field of theater franchising and film distribution to the newly merged corporation. Most recently coming from the position of SVP of Development for Village Roadshow Gold Class Cinemas, Mr. Reed also served as SVP of Real Estate for Hollywood Theaters from 1999-2006 and Act III Theaters from 1987-1999. Prior to these appointments Mr. Reed also worked as Director of Development for Dubinsky Brothers Theatres and for Paramount Pictures Corporation as a member of the company’s distribution team.
Brand expansion has been a key growth strategy for Alamo Drafthouse Cinema since League founded the concept in 1997. Opening as a single-screen theater in downtown Austin, Texas, the company has grown to include nine locations throughout Austin, San Antonio, Houston, Texas and Winchester, Va., for a combined total of 55 screens with an average unit sales volume of $5.8 million per location. Average weekly same-store-sales grew 11.5% in 2009 versus 2008. Named best theater in America by Entertainment Weekly, the Alamo Drafthouse Cinema built a reputation not only by combining food and drink service with the movie-going experience, but also introducing unique programming and high-profile, star-studded events.
About Alamo Drafthouse
The Alamo Drafthouse is a lifestyle entertainment brand with an acclaimed cinema-eatery, the largest genre film festival in the United Sates and an online collectible art store. Named "the best theater in America" by Entertainment Weekly, the Alamo Drafthouse Cinema has built a reputation as a movie lover's oasis not only bycombining food and drink service with the movie-going experience, but also introducing unique programming and high-profile, star studded special events. Alamo Drafthouse Founder & CEO, Tim League, created Fantastic Fest, a world renowned film festival dubbed "The Geek Telluride" by Variety. Fantastic Fest showcases eight days of offbeat cinema from independents, international filmmakers and major Hollywood Studios. The Alamo Drafthouse's collectible art boutique, Mondo, offers breathtaking, original products featuring designs from world-famous artists based on licenses for popular TV and Movie properties including Star Wars, Star Trek & Universal Monsters. The Alamo Drafthouse Cinema is expanding its brand in new and exciting ways, including the launch of Drafthouse Films, a new film distribution label and plans to extend its theaters and unique programming philosophy to additional markets across the United States.