CinemaStar makes a comeback

Article Abstract:

CinemaStar Luxury Theaters of Del Mar, CA, has sold a 70% controlling interest to The Rust Group and S.C.P. Private Equity Investors for $15 million in December 1998. The public owns the remaining 30% of CinemaStar. The move was partly as a result of the initiative of former Los Angeles basketball player James Villanueva, who is partner of The Rust Group, to capitalize on building and buying movie theaters in neighborhoods bypassed by major cinema chains. Villanueva believes that the Hispanic locations in Southwest and Mexico have a high growth potential. Among CinemaStar's properties include eight theaters with 79 screens in Southern California and Tijuana, Mexico.

United States, Asset sales & divestitures, Acquisitions & mergers, Geographic, Media Formation/Mergers, Motion Picture Theaters (except Drive-Ins), Movie Theaters ex Drive-In, Article, Rust Group, S.C.P. Private Equity Investors

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Cinemastar makes a comeback

Article Abstract:

Entertainment investor James Villanueva leads a group of Hispanic businessmen in acquiring a 70% stake of the CinemaStar Luxury Theaters. The joint venture between The Rust Group and the S.C.P. Private Equity Investors revives the ailing movie theater industry in the Hispanic community.

Finance, Motion picture theaters

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A job well done?

Article Abstract:

The policy of the University of California which dismisses gender- and ethnic-based affirmative action programs to guide faculty recruitment and student admission has made the Hispanic student population in the school remain stagnant for a number of years.

Education, California, Race relations, Minority college faculty, Hispanic American students, California State University and College System, Hispanic American teachers, Minority teachers

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