National Amusements, Inc. is an American privately-owned theater company and mass media holding company based in Dedham, Massachusetts and incorporated in Maryland. It was the parent company of the first incarnation of Viacom, and is the parent company of CBS Corporation and second incarnation of Viacom that were split off in 2006.
|Founded||Dedham, Massachusetts in 1936|
|Worldwide, with main market focusing on United States|
As of December 2016, National Amusements, directly and through subsidiaries, holds approximately 79.8% of the Class A (voting) common stock of Viacom Inc., constituting 10% of the overall equity of the Company, and holds approximately 79.5% of the Class A (voting) common stock and 2.4% of the Class B (non‐voting) common stock of CBS Corporation, constituting 9.1% of the overall equity of the Company.
The company operates more than 1,500 movie screens across the Northeastern United States, the United Kingdom, Latin America, and Russia under its Showcase Cinemas, Multiplex Cinemas, Cinema de Lux, and KinoStar brands.
It was released that National Amusements planned to sell $390 million of notes in another attempt to refinance a large part of the company's bank owed debt.
Sale of theaters and subsidiary stockEdit
In October 2009, the news was released that National Amusements would be selling almost $1 billion of stock they own in CBS and Viacom. National Amusements has sold 35 theaters to Rave Motion Pictures. Today these theatres are owned by Cinemark, AMC, Alamo, or have closed. National Amusements now almost exclusively operates theaters in the Northeast (with the exception of one location in Ohio).
- Staff, Variety (21 December 2015). "Report: Shari Redstone Rejected $1 Billion Buyout Offer of Her Stake in Family Empire".
- U.S. Securities and Exchange Commission (2018-03-26). "U.S. Securities and Exchange Commission EDGAR".
- James, Meg (October 11, 2008). "Redstone hit by credit troubles". LA Times. Retrieved 2013-01-20.
- Korby, Boris; Maheshwari, Sapna (November 23, 2010). "National Amusements Plans to Sell $390 Million of Notes to Refinance Debt". Bloomberg. Retrieved 2013-01-20.
- Edward B. Colby (2009-10-14). "National Amusements Inc. to sell nearly $1B of its Viacom, CBS stock". The Daily News Transcript. Archived from the original on 2010-04-24.
- Nikki Finke (2009-12-07). "Rave To Acquire 35 Of Redstone's National Amusements Theater Complexes". Archived from the original on 2013-02-15.