Group which operates Revue Cinema seeking court injunction to keep lease

The non-profit group which runs Toronto's oldest operating movie theatre says it is seeking a court injunction after their landlord refused to renew a lease set to expire next week.

"He showed up during a sold-out screening of 'The Matrix' and he said 'Folks, you're all out of here as of July 1,'" Oyston said. "So it's essentially a hostile takeover attempt, where he wants us to transition all of our staff, all the resources and the goodwill we've built up over 17 years," Oyston said. "We have no confidence he's able to do this as a 96-year-old with no experience."

He said he's not sure why the society should stay on as the operators of the theatre if they don't do the repairs. "So we've made significant investments in things like a digital projector, which is a sizable and expensive piece of equipment, the sound system, a lot of the point of sale systems," Oyston said.Oyston said the society agreed last year to a nearly 50 per cent rent increase to renew their lease, which expires at the end of June.

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As Revue Cinema faces closure, the fight to save Toronto culture reaches crisis pointIf you do not have the energy or time to imagine a Toronto that values ideas and art and experiences, then wake up or go sleep somewhere else
Source: globeandmail - 🏆 5. / 92 Read more »

Toronto's historic Revue Cinema facing imminent closure amid landlord disputesRevue Cinema, Toronto's oldest-running movie theatre, is facing the threat of closure after lease negotiations faltered. Built between 1911 and 191...
Source: blogTO - 🏆 44. / 63 Read more »

Toronto’s Revue Cinema, oldest operating theatre in city, faces closure over tensions with landlordLandlord Danny Mullin says he wants to get rid of the film society’s board, plus a rent increase during negotiations for renewal of the theatre’s commercial lease
Source: globeandmail - 🏆 5. / 92 Read more »

Sony Pictures Entertainment buys cinema chain Alamo Drafthouse CinemaThe movie theater chain will be managed under SPE’s newly established division Sony Pictures Experiences, which will be headed by Alamo Drafthouse’s Michael Kustermann
Source: globeandmail - 🏆 5. / 92 Read more »

Sony Pictures Entertainment buys cinema chain Alamo Drafthouse CinemaThe movie theater chain will be managed under SPE's newly established division Sony Pictures Experiences, which will be headed by Alamo Drafthouse's Michael ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »