{"id":397,"date":"2010-01-28T14:46:07","date_gmt":"2010-01-28T14:46:07","guid":{"rendered":"http:\/\/cinelog.org\/cinelog\/?p=397"},"modified":"2010-01-28T14:46:07","modified_gmt":"2010-01-28T14:46:07","slug":"a-chapter-11-in-the-not-so-magic-kingdom","status":"publish","type":"post","link":"https:\/\/cinelog.org\/cinelog\/2010\/01\/28\/a-chapter-11-in-the-not-so-magic-kingdom\/","title":{"rendered":"A Chapter 11 In The Not So Magic Kingdom"},"content":{"rendered":"
\u00a0<\/span><\/div>\n

Gardenwalk Cinemas LLC, the operators of Anaheim’s Cinema Fusion theatre<\/a>,\u00a0have filed for Chapter 11 bankruptcy. A venture of Sanborn Theatres\/The Movie Experience, the filing came after the theatre amassed some $3.6 million in debt, having failed to pay rent, insurance, and miscellaneous construction costs, since opening in\u00a0the summer of 2008.\u00a0Those close to the matter have stated that the bankruptcy was a defensive move, to avoid litigation from creditors and lien holders.<\/p>\n

\"Gardenwalk<\/a><\/p>\n

While not including the Sanborn Theatres\/Movie Experience chain, the move definitely\u00a0signals troubled times for one of southern California’s oldest exhibitors. Cinema Fusion\u00a0had been\u00a0heralded as the company’s future, moving away from traditional\u00a0 cinema and more in to this hybrid concept.\u00a0With the theatre having flopped in such a\u00a0dramatic fashion, not to mention the sub par\u00a0position the chain currently maintains with it’s\u00a0four\u00a0pre existing locations, one must question the future of Sanborn\/The Movie Experience.<\/p>\n

\"Gardenwalk<\/a><\/p>\n

The Gardenwalk\u00a0theatre and overall center\u00a0also find themselves in a precarious position through this filing. While the center’s management have announced that the theatre will continue to operate, without interruption, and there is a search for new operators underway,\u00a0the\u00a0speed at which the cinema failed is a troubling sign. Equally troubling is the fact that the Gardenwalk complex recently defaulted on a $188 million debt and faces possible foreclosure proceedings. After being open for roughly a year and a half, the center’s current lack of patrons and tenants, coupled with the bankruptcy of it’s most prominent draw, don’t exactly equate to a bright future ahead for\u00a0Anaheim’s Gardenwalk.<\/p>\n

An interesting, though hardly surprising, development, when one reflects on the area’s history with cinemas (as we discussed in “The Not So magic Kingdom”<\/a>\u00a0this past summer).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 Gardenwalk Cinemas LLC, the operators of Anaheim’s Cinema Fusion theatre,\u00a0have filed for Chapter 11 bankruptcy. A venture of Sanborn Theatres\/The Movie Experience, the filing came after the theatre amassed some $3.6 million in debt, having failed to pay rent, insurance, and miscellaneous construction costs, since opening in\u00a0the summer of 2008.\u00a0Those close to the matter […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-397","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/cinelog.org\/cinelog\/wp-json\/wp\/v2\/posts\/397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cinelog.org\/cinelog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cinelog.org\/cinelog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cinelog.org\/cinelog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cinelog.org\/cinelog\/wp-json\/wp\/v2\/comments?post=397"}],"version-history":[{"count":1,"href":"https:\/\/cinelog.org\/cinelog\/wp-json\/wp\/v2\/posts\/397\/revisions"}],"predecessor-version":[{"id":400,"href":"https:\/\/cinelog.org\/cinelog\/wp-json\/wp\/v2\/posts\/397\/revisions\/400"}],"wp:attachment":[{"href":"https:\/\/cinelog.org\/cinelog\/wp-json\/wp\/v2\/media?parent=397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cinelog.org\/cinelog\/wp-json\/wp\/v2\/categories?post=397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cinelog.org\/cinelog\/wp-json\/wp\/v2\/tags?post=397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}