Projo Biz Blog

By Michael McKinney
Projo.com staff writer

Imax Corp. has sold Feinstein Imax Theatre in the Providence Place mall to Quincy Amusement of Dedham, Mass. That means Rhode Island philanthropist Alan Shawn Feinstein and Imax "part company," according to a news release from the Feinstein Foundation today about the sale.

The new management "would not continue some of the rights" that Feinstein has had in an agreement with Imax Corp. The rights he's had were naming rights, free admission for local school children and their parents, on-screen dedication of the theater to the state's school children "and their good deeds," and a yearly donation to help fight hunger.

The new management asked for "a very huge sum of money from Feinstein to continue just the naming rights alone," the Feinstein Foundation news release states.

Feinstein stated he could not accept that.

"I would rather give that money to the schools," he said in the statement. "I had a contract with the Imax Corporation. I kept my part of it and I would expect them to keep theirs -- and the promises they made to me and our school children."

Quincy Amusement is parent company of Showcase Cinema, according to the release.

-- projo.com staff writer Michael P. McKinney

 Tags  Alan Shawn Feinstein Dedham Imax Massachusetts Providence Providence Place mall Quincy Amusement

---