Audio By Carbonatix
I didn’t see this in the local dailies, but the St. Petersburg Times is reporting that Muvico’s CEO, Michael Whalen, and two of his closest associates have left the chain to form a new one, called Paragon Entertainment.
Muvico’s been struggling mightily. Back in March, it announced a “financial restructuring” that included selling four theaters — two of which were Muvico locations in Boca Raton and Davie. That left the company, which is owned by Joseph Amaturo, with ten theaters. Among them, the Pompano 18 and, in West Palm Beach, the Parisian 20 and IMAX.
