LOS ANGELES--(BUSINESS WIRE)--Tiger Group is liquidating equipment from well-known U.S. movie chain Pacific Theatres in an online auction that is expected to be of tremendous interest to operators in Saudi Arabia’s fast-growing theater sector.
Bidding in the timed, online auction opens on February 15, at 10:30 a.m. and closes on February 22, at 10:30 a.m. (PT).
Pacific Theatres operated movie houses across the United States before filing for Chapter 7 bankruptcy in the wake of Covid-19 lockdowns.
“Tiger is pleased to have been chosen to sell the assets for a premier theater chain that entertained hundreds of thousands of moviegoers over the past 75 years,” said Jonathan Holiday, Director of Business Development, Tiger Commercial & Industrial. “It is not often that this type of equipment becomes available on the secondary market.”
The sale occurs at a time when surviving theater chains are seeing increased traffic, sales and optimism, Holiday added. “While the pandemic had impacted cinemas across the world, they are back again with attendance on the rise,” he said. “Whether you own theaters, produce live events or operate a rental firm, this equipment is ready to be utilized.”
The assets on offer include:
- A state-of-the-art LED cinema screen
- Late-model digital laser and cinema projectors
- Lenses
- Digital cinema amplifiers
- Integrated media blocks
- Cinema servers
- Monitors and processors
- Theater popcorn makers
- Speakers
- Point-of-sale systems
The sale features a 2019 Samsung LED screen with audio components. “This is one of just two such LED screens installed in the United States,” Holiday noted. “The original purchase price was $700,000.”
Items up for bid include new and still-in-the-box equipment—such as a Christie Solaria series projector; NEC and Osram arc lamps; Touch Dynamic POS systems; JBL speakers, Doremi Fidelio wireless audio receivers, plus much more.
For additional information, email: auctions@tigergroup.com or call (805) 497-4999.
For asset photos, descriptions, bidding and other information, visit https://soldtiger.com/sales/by-order-of-united-states-bankruptcy-court-pacific-theaters/#&gid=1&pid=3.
