Some were correct or partially right, unfortunately many were based on hearsay, speculation and downright false information.
So earlier this afternoon I sat down with Ron Horton, Dickinson’s president and CEO to set things straight. Horton purchased the Kansas City owned theater circuit earlier this year.
Jack: Your filing for bankruptcy protection is proceeding under Chapter 11 of the bankruptcy law, correct?
Horton: That’s correct. We’ve filed for reorganization of the company and plan to be in the theater business for many years to come.
Jack: How does the reorganization process work?
Jack: Uh, go on.
Horton: We’ll be closing some under performing theaters and ultimately evolve into a stronger and more profitable company.
Jack: Will any of your six theater complexes in Greater Kansas City be involved in the closings?
Horton: Only one. The Blue Springs 8 complex will discontinue to operate as a Dickinson theater in the near future.
Horton: No changes whatsoever. They will all continue to operate in the normal fashion as first run Dickinson theaters.
Jack: How might your guests at these theaters be affected by the filing?
Horton: They won’t be. We have all the major Hollywood studios, as well as the independents, behind us. Same goes for the concession suppliers and all critical vendors to our theater operations. The bottom line is it’s business as usual.
Jack: How is your conversion process from film to digital projection going?
Horton: It’s almost 99% complete. We’ve converted nearly all the complexes throughout our circuit and are planning for the final conversion of a Texas theater in the very near future.
Horton: We’re very positive in terms of the company, the industry and theatrical exhibition in general. The upcoming holiday season with its final chapter in the Twilight saga, a new James Bond action adventure and the new epic telling of Peter Jackson’s Hobbit journey, should deliver well for our theaters. And looking ahead even further, the 2013 summer movie season looks as exciting as we’ve seen in years.