Grauman's on the block as value peaks

August 10, 2009 Amid seismic shifts in local exhibition, Warner Bros. and Viacom are stepping up efforts to unload L.A.-area movie theaters piecemeal, including the iconic Grauman's Chinese in Hollywood. Execs at Cinemerica -- the co-venture of Warners and Paramount-parent Viacom that operates Mann Theatres -- believe the timing is right to make a concerted run at selling one or more of its Mann venues. Two are considered especially attractive: the fabled Grauman's on Hollywood Boulevard and the Criterion Theatre on Santa Monica's Third Street Promenade.

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