BOCA RATON, FL-Cinema chain Muvico Theaters plans to increase its number of screens from its current 233 to 353 during the next five years as it opens units in new markets. As it grows, the company has also promoted a number of executives into new posts.

Long-time investor and board member Joseph Amaturo was named chairman of the chain. Michael Whalen, formerly chief financial officer, was promoted to president. Additionally, four high-level, vice-president positions were filled through company promotions.

Though Muvico only has 12 theaters, the chain has caught the attention of some of the country’s largest retail developers. Future theaters are planned at two Simon Property Group projects and one Forest City Enterprises development.

All of Muvico’s theaters are on the East Coast, but it is moving West. Muvico is opening a 110,000-sf unit in Rosemont, IL, a Chicago suburb, next spring. Executives have said that the company has not ruled out moving further West, depending on whether or not it finds the right sites. Other cinemas are planned for Bethlehem Township, PA; Secaucus, NJ; and Bonita Springs, Boynton Beach and Sarasota, FL.

The company started in 1984 with a three-screen theater in Coral Springs, FL, and grew to eight screens throughout the next 10 years. Muvico’s biggest growth spurt came in 2000, when it opened five new facilities.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.