RDI News & Events

Reading Cinemas at the Valley Plaza Mall in Bakersfield, California revealed a major cinema makeover and guest experience improvements. A multi-million-dollar renovation is underway and expected to be finally completed in January 2026. Reading Cinemas is taking the superior IMAX presentation and sound to the next level, by adding to the Reading Cinemas IMAX screen the most comfortable recliner seats offering both a heated seat option and dual controls. Reading Cinemas now has the only IMAX screen featuring recliner seating within 100 miles of Bakersfield, California. Adding to its premium theatrical experiences, Reading Cinemas has converted one of its biggest auditoriums to a TITAN LUXE. All movies shown in TITAN LUXE will be presented with a 4K DLP projector from Barco on a gigantic curved and floating screen measuring 57 feet wide and 32 feet tall. TITAN LUXE will also feature DOLBY ATMOS, am object-oriented audio system where sound flows all around to completely immerse moviegoers in the action. 47.2 discrete audio channels placed throughout the auditorium along with more than 80,000W of amplifier power create a powerfully moving cinema experience. Lastly, to add to the ultimate in comfort while watching a movie, TITAN LUXE also offers guests the most comfortable heated recliner seats in Bakersfield. Reading Cinemas at the Valley Plaza Mall also announced it will roll out its first-ever loyalty program, offering both a free-to-join and a premium membership. Scheduled to launch in December, the program is designed to reward and surprise loyal guests. Additionally, the price of movie tickets in auditoriums with traditional theater seats is dropping to $8 all day for all ages.

Reports Q3 revenue $52.17M vs $60M last year. President and Chief Executive Officer, Ellen Cotter said, "We are pleased with our progress in Q3 2025 as we continued to execute on key strategic priorities. We reduced our debt by almost 15% compared to the end of 2024 primarily from the proceeds of the monetization of two major real estate assets earlier in 2025. Our remaining real estate assets, underpinned primarily by our Australian Real Estate portfolio, together with New Zealand, comprising 58 third party tenants with an overall 98% occupancy rate, performed well, enhanced by a strong quarterly performance from our NYC Live Theatres. As we expected and following industry trends, our Q3 2025 global cinema business was behind the same quarter in 2024. While the quarter was disappointing, we remain confident that the fourth quarter will deliver an exciting rebound. Today, our global sales of Wicked: For Good are among the highest presales we have seen since the pandemic, and we are on the cusp of one of the most promising holiday film lineups we have seen in years. The slate includes movies for every segment of the audience: The Running Man, Wicked: For Good, Zootopia 2, Five Nights at Freddy's 2, The SpongeBob Movie: Search for SquarePants, Anaconda, The Housemaid, Marty Supreme, Song Sung Blue and Avatar: Fire and Ash."

Reports Q2 revenue $60.4M vs $46.809M last year. President and Chief Executive Officer, Ellen Cotter said, "Our improved performance this quarter underscores our continued confidence in long term future of our Company. During the second quarter of 2025, we joined the cinema industry in celebrating the record box office success of two Warner Bros movies, A Minecraft Movie and Sinners, and Disney's Lilo & Stitch. Following the second quarter's cinema momentum, we also enjoyed an exciting July 2025 thanks to movies like Jurassic World: Rebirth, Superman, and The Fantastic Four: First Steps. The success of these engaging, high-quality and well-marketed movies reinforce our confidence in the appeal of the theatrical experience. For the remainder of 2025, we look forward to a robust line-up, including TRON: Ares, Wicked: For Good, Zootopia 2 and Avatar: Fire and Ash."