Entertainment centers also are being planned using the open-air environment. CAM charges in enclosed malls and shopping centers may be double or triple what the open-air tenant pays. Almost all are anchored by a multi-screen theater. The movie theater industry is seeing a turn from six to 12 theaters per complex to as many as 30. Many have stadium-style seating.
Theaters are businesses encountering mergers and fierce competition in the best markets.
Smaller theaters are being closed as competition from the large new complexes intensifies.