Muvico’s financial woes don’t affect T.O. theaters

Local company is owned by separate entity

Recent reports that the new Muvico theater in Thousand Oaks are already in trouble financially are incorrect, a company spokesman has said.
The Florida-based Muvico Theaters company is behind on payments for a $60-million line of credit held by New York affiliates of iStar Financial, a real estate investment trust, but the Florida corporation is not the same group as the Thousand Oaks company, CEO Jeff Whalen said.
"The entity that owns the Thousand Oaks theater i...

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