Reading International, Inc. (NASDAQ: RDI), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia and New Zealand, today announced that it has begun limited cinema operations in New Zealand and will commence operating certain Reading Cinemas in Australia on June 11, 2020, in line with government and health department regulations following recent easing of certain government mandated COVID-19 closures.
“We are thrilled to welcome our guests and employees back to our cinemas in New Zealand and soon in Australia,” said Reading’s President and Chief Executive Officer Ellen Cotter. “The aggressive approach of the New Zealand government to suppress the virus, alongside the successful efforts of Australia’s government, have paved the way for Reading to re-start these important operational divisions that have long underpinned our global cash flow. And, with the U.S. economy now re-opening, we also look forward to a gradual and safe ramping up of our U.S. cinema business and the completion of our 44 Union Square project in New York City.”