August 27, 2016 12:46 AM ET

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Company Overview of National Amusements, Inc.

Company Overview

National Amusements, Inc. operates movie theatres in Connecticut, Massachusetts, New Jersey, New York, Rhode Island, Ohio, Argentina, Brazil, and the United Kingdom. The company also offers theatre rentals for meetings, sales conferences, product launches, and private events. Its facilities include restaurants, cocktail lounges, food courts, and concession stands. In addition, the company operates MovieTickets.com, an online ticketing service. National Amusements, Inc. was founded in 1936 and is based in Norwood, Massachusetts.

846 University Avenue

PO Box 9108

Norwood, MA 02062-9108

United States

Founded in 1936

Phone:

781-461-1600

Fax:

781-326-1306

Key Executives for National Amusements, Inc.

Chairman, Chief Executive Officer and Executive Chairman of Viacom
Age: 92
President and Director
Age: 62
Chief Financial Officer and Treasurer
Vice President of Operations
Director, Chief Executive Officer of Viacom and President of Viacom
Age: 62
Compensation as of Fiscal Year 2016.

National Amusements, Inc. Key Developments

Viacom and National Amusements Resolves All Disputes Among Them

Viacom Inc. announced an agreement with National Amusements Inc. (NAI), members of the Redstone family and related parties, settling all disputes among them. Under the terms of the settlement, which have been unanimously approved by the Boards of Directors of Viacom and NAI, all lawsuits among them will be terminated, and Viacom will create an expanded Board of Directors to include the five Viacom directors elected in June by NAI.

National Amusements Opposes Viacom's Planned Sale Of Paramount Stake

National Amusements, Inc. opposed sale of stake in Paramount Pictures Corporation. National Amusements said on July 15, 2016, that it opposes the sale of a stake in Viacom, Inc. (NasdaqGS:VIAB)’s Paramount Pictures, saying that any transaction could hurt the chances of a transaction involving all of Viacom. National Amusements said in a statement that Paramount was one of Viacom’s most valuable assets and any short-term benefits of a stake sale would be outweighed by the negative impact on Viacom’s future strategic flexibility to best capitalize on this important asset. A Viacom spokesman did not immediately return a request for comment. “A sale of a stake of Paramount would chill the interest of parties that may be interested in a larger transaction involving all of Viacom," National Amusements said in the statement. "If the new board decides to pursue a sale of a minority stake in Paramount as part of a larger strategic plan for Viacom, we are confident that a buyer could then be identified and a sale consummated," National Amusements said.

Viacom's Majority Shareholder National Amusements Opposes Sale of Paramount Stake

The majority shareholder in Viacom, Inc. (NasdaqGS:VIAB) National Amusements, Inc., is against any potential sale of its stake in Paramount Pictures Corporation because it could "chill" investor interest in a bigger deal involving all of Viacom.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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