The Business Journals - Week of November 22

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AWARD WINNING EDITORIAL

INCLUDING THE HUDSON VALLEY NOVEMBER 22, 2021 VOL. 57, No. 46

westfaironline.com

New dine-in movie theater coming to Westchester BY PETER KATZ Pkatz@westfairinc.com

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At one time, drive-in movie theaters were the rage. Now, it's dine-in theaters that are cooking up attention as the motion picture exhibition business is just starting to recover from the devastating hit it took from the Covid-19 pandemic. According to the Motion Picture Association, box office grosses in the U.S. and Canada for 2018 topped $11.8 billion with 1.3 billion tickets sold. In 2019, the sale of 1.24 billion tickets brought in box office receipts of $11.4 billion. In 2020, however, the bottom fell out with the pandemic, with just 240 million admissions resulting in a total box office gross of $2.2 billion. It’s too early for 2021 totals, but as of mid-October the North American box office gross was slightly over $3 billion. While the extent of the recovery so far might raise caution flags for some, for theater operator Brian Schultz the recovery provides an opportunity to continue his company’s program to open new technologically advanced theaters that offer upscale food and beverages. Schultz is the CEO and founder of Dallas-based LOOK Dine-In Cinemas. On Dec. 9, the company will be opening its newest theater in Dobbs Ferry. The eight-

BUILDING A BLOCKBUSTER AT THE VILLAGE: Stamford complex, now 100% occupied, is a game-changer BY KEVIN ZIMMERMAN Kzimmerman@westfairinc.com

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ention “The Village” to most Connecticutians a year ago and you’d likely drum up images of Greenwich Village or cult TV series The Prisoner. Today, however, The Village can mean only one thing to state residents: the massive 133,000-square-foot facility at 860 Canal St. in Stamford, which in less than a year has become exactly what the man behind it, Brent Montgomery, said it would: an indoor-outdoor work-play environment designed to bring together companies representing

content and media, brands and marketing, social and experiential and finance and investment in one central hub. Not only that, but with the early November lease-signing of MillerKnoll, a recently formed collective of modern design companies, the complex is now 100% occupied. Montgomery, CEO of the Wheelhouse media conglomerate, laughed when asked facetiously by the Business Journal what had taken so long. “It’s been four years in the making, though we only opened last year,” he said. “And I have to say, they went fast.” » THE VILLAGE

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» LIGHTS, CAMERA

Evan R. Corsello

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