Act III Theatres

Act III Theatres was an American company that owned movie theater multiplexes and screens principally located in the U.S. states of Texas, Oregon and Washington.

[4] Scott C. Wallace, then a senior executive at AMC Theatres, brought the idea to Act III Communications' president Tom McGrath, having received a waiver from his current employer to pursue the transaction.

To grow its footprint in the Pacific Northwest, Act III acquired Oregon and Washington theaters then owned by Cineplex Odeon in 1992.

[9] At 11.2x trailing earnings, the acquisition of Act III represented one of the highest valuations ever paid for a chain of movie theaters.

In 1990, during the height of the 1990–92 recession, Boston Ventures placed a value on Act III Theatres of 4-5x cash flow while advising majority owner Norman Lear.