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August 21, 1997 | From Bloomberg News
GC Cos., which operates the General Cinema movie theaters, has teamed with actor and movie producer Robert Redford to create a chain that will show only independent films. The theaters, to be called Sundance Cinemas, will try to tap into the growing market for such films, which typically aren't produced by major studios. They include 1996's Academy Award-winning "The English Patient," which had $80 million in U.S. ticket sales.
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BUSINESS
August 21, 1997 | From Bloomberg News
GC Cos., which operates the General Cinema movie theaters, has teamed with actor and movie producer Robert Redford to create a chain that will show only independent films. The theaters, to be called Sundance Cinemas, will try to tap into the growing market for such films, which typically aren't produced by major studios. They include 1996's Academy Award-winning "The English Patient," which had $80 million in U.S. ticket sales.
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