Marcus Corp (MCS) is a company that showed up in a stock screen I ran late last year and then mentioned in a blog entry titled Lets Go To The Movies a little over six months ago. Marcus currently owns and operates 501 movie screens in addition to owning resorts and hotels like the Westin Columbus hotel and the Four Points by Sheraton in downtown Chicago.
While everyone is proclaiming the death of the traditional movie theatre, Marcus, which already owns 501 movie screens in the mid-west, is breaking ground on another 16 screen “Movie Palace” called “The Majestic” (yes like that strange Jim Carrey movie) in Brookfield, Wisconsin. It is good to see that this new project will include cafes, a lounge and two 72 foot ultra-screens and will not be just another movie theatre with bad service and an overpriced concession stand. In case you missed this interesting tidbit of information, according to the Los Angeles Times, $30 worth of corn translates into $3,000 of popcorn sales for the movie theatres.