Business & Tech
Parsippany's Clearview Cinemas 12 to Get New Owners
Cablevision sells 41 venues to Connecticut-based movie theater chain.
Bow Tie Cinemas of Ridgefield, Conn., announced it has purchased 41 Clearview Cinema theaters from Cablevision, a published report said Monday.
With the acquisition, which will make Bow Tie the nation’s number eight exhibition company, Bow Tie vows to pay for “key upgrades that are designed to enhance the movie-going experience,” including digital and 3D projection, according to a report on the website Deadline.com.
Clearview currently has 26 theaters in New Jersey, including Parsippany's Clearview Cinemas 12, the report said. Cablevision bought the venues in 1998 and put the chain up for sale last year.
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The companies didn’t disclose the sale price, the report said.
For a full list of Clearview properties, click here.
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