Theater Deal Done.Cleaning up some other unfinished business, OliverMcMillan, Culver City Culver City, city (1990 pop. 38,793), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1917. It is a center of the U.S. motion-picture industry, whose roots in the city date to c.1915. Its chief manufactures are rubber products and computers. Redevelopment Agency and Pacific Theatres Corp. have finalized See finalization. arrangements to secure a movie theatre as an anchor for the Screenland/Town Plaza project. OliverMcMillan President Jim McMillan Mc·Mil·lan , Edwin Mattison 1907-1991. American physicist and chemist. He shared a 1951 Nobel Prize for the discovery of neptunium (1940). said Pacific Theatres signed a management agreement that will pay the cinema operator a management fee based on revenues brought in at the site. He declined to say what percentage of revenues Pacific would get, and Pacific officials referred questions to the developer. Previously, Paul Buss, executive vice president of OliverMcMillan, said the developer's agreement with Pacific provides the theater chain with a management fee equal to 6 percent of gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. . Theater operators generally get a larger cut - as much as 50 percent of gross sales - when they own and operate theaters. Overall, the project is designed to feature a 10-screen cinema, 77,000 square feet of office space, 30,000 square feet of restaurant space and 10,000 square feet for a Trader Joe's Trader Joe's is a privately held chain of specialty grocery stores headquartered in Monrovia, California. As of September 2007, Trader Joe's has a total of 284 stores.[1] market. |
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