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He also co-owns the Landmark Theater chain, Magnolia Pictures and Magnolia Home Video along with partner Todd Wagner.
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"We're going to have to pay more, " says Bruce Sanborn, president of the Orange County-based Movie Experience theater chain.
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His grandfather, Phillip Smith, was the founder of General Cinema, a movie theater chain which once operated 620 screens across the nation.
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Sumner suggested possibly selling off the theater chain that Shari ran.
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Longleaf unloaded the theater chain as it tottered toward bankruptcy.
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Now Redstone says he has offered to buy Shari's 20% stake in National Amusements, or to swap it for the theater chain, if she's willing to assume some debt on that real estate.
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She became president of NAI in 2000 (it now is the fifth-largest theater chain in the U.S., with 1, 528 screens), adding martini bars and plasma screens and expanding into Russia and Latin America.
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As a result, online ticket sales for the film have ceased over the last few days at both theater chains as well as at fellow major theater chain Cinemark, and Regal Cinemas has removed in-theater advertising, like posters and standees.
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If possible, chose to take the family to a theater that is not a part of the Regal chain.
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