You know it’s an ugly divorce when the CEO gets nasty and goes public…
For months rumors have flown about a pending nasty split between KC-based movie giant AMC Entertainment and Cordish Company. According to a source heated-beyond-belief emails were exchanged between AMC honcho Gerry Lopez and the operator of the Power & Light District.
Which explains why rather than simply divvying things up – AMC’s Mainstreet and Midland by AMC – AMC was effectively kicked to the curb in favor of tiny Texas movie exhibitor Alamo Drafthouse. Embarrased in its home town no less (to the extent that the Chinese-owned firm ever gave a you-know-what about KC since the money lenders – including Bain Capital – took over a handful of years back.
How ugly did it get?
Check out the comments fed to the Star by Lopez that went up then quickly came down this afternoon:
"(Lopez) said today irreconcilable differences between the two companies over the operation of the Mainstreet, formerly the Empire Theater at 14th and Main street led to the divorce," it reads.
"When the operation came under distress, we’re not apt to cut corners and other folks had a different point of view," Lopez seethed. "It’s a stressful working environment with six screens. There’s not enough oxygen in that fish bowl for all the fish to live."
Hello, when you’re hemorrhaging red ink like the Mainstreet, there’s not enough oxygen for even one fish.
Another example of how ugly it got; AMC has until Wednesday to not let the door hit it in the butt before it gets the heck out.
Meaning movie titan AMC’s one-time pride and joy will almost instantly be disrobed, taken over and run by a small, control freak exhibitor out of San Antonio.
Now here’s the funny part…
The Star posted Lopez testy comments at 3:23 pm. but replaced the story an hour later at 4:24 p.m.
Minus the parts with Lopez fuming and dissing Cordish.
Like I said, this divorce was an ugly one.