| Muvico Theaters was founded in 1984 with the acquisition of a three screen theater in Coral Springs, Florida. From 1985 to 1995, Muvico purchased or constructed eight theaters with 59 screens, including the California Club in North Miami, Florida, opened in 1988, which garnered national attention for its stadium seating, THX Sound System and expanded concession menu. In October 1995, Muvico sold all of its operating theaters and two leases, except for the Palm Harbor 10. The purpose of the sale was to enable Muvico to develop a more efficient corporate structure with an investor group committed to aggressively growing the circuit. In May 1996, Muvico purchased five theaters representing 43 screens in South and Central Florida and in October 1996, purchased an additional eight-screen theater in South Florida. The Company opened its first megaplex in Orlando, Florida, called Muvico Pointe 21 in July of 1998 and in September opened an 18-plex in Pompano Beach, Florida. In March of 1999, the Company opened the Paradise 24 in Davie, Florida. |
