Stephenson’s Rave Motion Pictures is set to buy 35 theaters from Sumner’s National Amusements, which is the foundation of his media empire. Never heard of Rave? Here’s a couple of factoids to introduce it:
The Dallas-basedÂ privately held theater circuit has 30 locations and 475 screens located in 14 states, and is now the biggest U.S. exhibition chainÂ to have 100% state-of-the-art digital projection.
Disclosure:Â When she is not watching movies, the beautiful and talented Mrs. Tom Stephenson is D Magazine’s associate publisher for partnerships.