Santikos Announces New Ownership Structure for its Houston Theatres
San Antonio, Texas – Santikos Entertainment today announced that it has entered into an agreement to transfer operations of its two Houston theaters to Regal Cinemas. Proceeds from the transaction will better enable Santikos to fund its philanthropic mission in San Antonio through the John L. Santikos Charitable Foundation.
Under the terms of the deal, Regal has acquired and will operate the two Houston locations as well as develop an additional Houston property. Simultaneously, Regal will sign long-term leases for the theater buildings, which will continue to be owned by Santikos. The two Houston-area properties will remain open throughout the transition, which will have no impact on Santikos’ San Antonio theaters.
“Today’s announcement reflects an acceleration of Santikos’ commitment to our philanthropic mission in San Antonio,” said Santikos CEO, David Holmes. “This new relationship with Regal will allow us to better align our operational focus with our philanthropic goals for San Antonio.”
Santikos Entertainment will have distributed over $40 million in charitable funding to the San Antonio Area Foundation through the end of 2017. The John L. Santikos Charitable Foundation was established in 2015 at the San Antonio Area Foundation, and since that time, over 200 San Antonio Area organizations have benefitted. (A list of supported organizations is attached.)
“Each visit to a Santikos Theater creates a direct benefit to our community, with all proceeds to benefit the San Antonio Area Foundation.” said Holmes. “That was the vision of John Santikos.”
Peter J. Solomon Company is serving as financial advisor to Santikos.
About Santikos Entertainment
Founded in 1911, San Antonio-based, Santikos Entertainment operates eight movie theaters locally, with 103 screens and more than 17,000 seats. Santikos theaters are known for providing localized and unique entertainment experiences, including large-format screens, cutting-edge audio and visual technology, and ground-breaking amenities for the cinema industry, such as bowling and full service in-theater dining.
In 2015, Santikos Entertainment became the only theater company in the country to operate as a social enterprise benefitting its local community. Its mission is to return theater proceeds to San Antonio area non-profit groups through the John L. Santikos Charitable Foundation (held at the San Antonio Area Foundation).
John L. Santikos Charitable Foundation, a fund of the San Antonio Area Foundation
2015 & 2016 Grant Receivers
Alamo Area Rape Crisis Center
Alamo Breast Cancer Foundation
Alamo Colleges Foundation
Alamo Public Telecommunications Council/KLRN
Alamo Resource Conservation & Development Area Inc.
Alzheimer's Disease and Related Brain Disorders Association
American Cancer Society, Inc.
American Diabetes Association, Inc.
American Heart Association, Inc.
American Indians In Texas - At the Spanish Colonial Missions
American Red Cross, San Antonio Area Chapter
Anger Solutions, Inc.
Any Baby Can of San Antonio
Arthur Nagel Community Clinic, Inc.
ARTS San Antonio
Assistance League of San Antonio
Autistic Treatment Center, Inc.
AVANCE San Antonio, Inc.
Ballet Conservatory of South Texas
Ballet San Antonio
Bandera County Committee on Aging, Inc.
Barshop Jewish Community Center of San Antonio
BEAT AIDS Coalition Trust
Bexar County Community Health Collaborative
Bexar County Family Justice Center Foundation
Bexar County Performing Arts Center Fdn. (Tobin Center)
Big Brothers Big Sisters of South Texas
Big Give San Antonio
Bihl Haus Arts
Boy Scouts of America - Alamo Area Council
Boy With a Ball
Boys & Girls Clubs of San Antonio
Bulverde Senior Center
Cactus Pear Music Festival
Carver Development Board
CASA of Central Texas
Catholic Charities Archdiocese of San Antonio, Inc.
Center for New Communities
Chamber Choir of San Antonio
Child Advocates San Antonio
Children's Association for Maximum Potential
Children's Bereavement Center of South Texas
Christian Assistance Ministry
Christian Senior Services
Christian Youth Theater
City Education Partners
City Year, Inc.
Clarity Child Guidance Center
Classic Theatre of San Antonio
Communities in Schools of San Antonio, Inc.
Conjunto Heritage Taller, Inc.
Contemporary Art for San Antonio
Corazon Ministries, Inc.
Divine Redeemer Presbyterian Church
Doctors Without Borders USA, Inc.
Ecumenical Center for Religion and Health
El Centro del Barrio
Esperanza Peace and Justice Center
Family Endeavors, Inc.
Family Service Association of San Antonio, Inc.
Father Flanagan's Boys Home
First Chance Foundation
Foundation for the Cultural Arts in SA
Foundation of the Bulverde Spring Branch Library
Friends of Cibolo Wilderness
Gemini Series, Inc.
Girl Scouts of Southwest Texas
Girls Inc. of San Antonio
Girls on the Run of Bexar County
Good Samaritan Center of San Antonio
Grace House, Inc.
Grace Point Church
Guide Dogs of Texas
Habitat for Humanity of San Antonio
Haven for Hope of Bexar County
Hidalgo Foundation of Bexar County
Hill Country CASA, Inc.
Hill Country Daily Bread Ministries
Hondo Public Library
Horses Helping the Handicapped, Inc.
I Care San Antonio, Inc.
Incarnate Word Retirement Community
Inner City Development, Inc.
Inspire Community Fine Art Center
Institute of Texan Cultures
Interfaith Education Fund, Inc.
International Orthodox Christian Charities, Inc
Jewish Family Service of San Antonio, Texas, Inc.
Junior Achievement of South Texas, Inc.
Kendall County Women's Shelter
Kinetic Kids, Inc.
Las Casas Foundation
Leukemia and Lymphoma Society
Life Skills for Living
Madonna Neighborhood Center
Magdalena Ministries, Inc.
Magik Children Theatre
Martinez Street Women's Center
MATT Foundation, Inc.
McNay Art Museum
Military and Veteran Community Collaborative
Miracle League of San Antonio, Inc.
Mission Road Developmental Center
Mission Verde Alliance
Musical Bridges Around the World, Inc.
New Beginnings Children's Home at Canaan Land Ranch, Inc.
Northeast Senior Assistance
Open Table, Inc.
Operation Homefront, Inc.
P-16 Plus Council of Greater Bexar County
Pay It Forward - Clean & Sober Living
Planned Parenthood South Texas
Pleasanton Library Foundation
Project Quest, Inc.
Rainbow Senior Center
Reaching Maximum Independence, Inc.
Respite Care of San Antonio, Inc.
Ronald McDonald House Charities of San Antonio, Texas
Roy Maas Youth Alternatives
S.L.E.W. (Support Lending for Emotional Well-being)
Saint Mary's Hall, Inc.
Sala Diaz, Inc.
San Anto Cultural Arts
San Antonio Botanical Garden Society
San Antonio Chamber Choir
San Antonio Children’s Museum
San Antonio Christian Dental Clinic, Inc.
San Antonio Clubhouse, Inc.
San Antonio College/KSYM
San Antonio Dance Theatre
San Antonio Education Fund
San Antonio Food Bank, Inc.
San Antonio Metropolitan Ministry, Inc.
San Antonio Museum of Art
San Antonio Nonprofit Council
San Antonio OASIS
San Antonio Parks Foundation
San Antonio Public Library Foundation
San Antonio Report
San Antonio River Foundation
San Antonio Sports Foundation
San Antonio Symphony
San Antonio Youth for Christ
Santa Rosa Children's Hospital Foundation
Sarah Roberts French Home
Seguin Art League
Seton Home for Pregnant Women
Silver and Black Give Back
Society of St. Vincent de Paul
SOLI Chamber Ensemble
Somerset ISD Education Foundation
Southwest School of Art
Special Reach, Inc.
Sports Outdoor and Recreation (Morgan's Wonderland)
SRG Force Sports
St. Mary's Hall
St. Mary's University
St. Paul's Episcopal Montessori School
St. Peter - St. Joseph Children's Home
St. Sophia Greek Orthodox Church
State of Texas Kidney Foundation
Sunshine Cottage School for Deaf Children
Support Lending for Emotional Well-Being
Symphony Society of San Antonio
Teach for America, Inc.
Texas A & M University
Texas Biomedical Research Institute
Texas Diaper Bank
Texas Heritage Music Foundation
Texas Partnership for Out of School Time
Texas Public Radio
Texas Ramp Project
The Arc of San Antonio
The Center for Health Care Services Foundation
The Children's Shelter
The Immunization Partnership
The Overtime Theater
The Salvation Army
The Transplant Association of Texas
The Valor Club
United Way of San Antonio and Bexar County
University Health System Foundation
University of Texas at San Antonio
University of Texas Health Science Center
University of the Incarnate Word
Variety - The Children's Charity
Voices for Children of San Antonio
Women's Global Connection of San Antonio
YMCA of Greater San Antonio
Young Women's Christian Association
Youth Orchestras of San Antonio