What dominates the section
- Cinema and live theatre results depend on attendance, film availability, employees, and uninterrupted public-venue operations.
The risks most specific to Reading International
Cinema Exhibition and Live Theatre Business Risk Factors
Future pandemics could close cinemas and theatres, impose social distancing, disrupt film releases, and reduce attendance or staffing.
We also face competition from various other forms of “beyond-the-home” entertainment, including sporting events, concerts, restaurants, casinos, video game arcades, and nightclubs. Our cinemas also face competition from live theatres and vice versa
Shortages or delays in food, beverages, and other theatre supplies could increase costs or interrupt cinema and restaurant operations.
continue for the foreseeable future and plan to minimize the impact by focusing on the supply of those items with the greatest impact on our sales and operations
Larger cinema operators may secure better film access and financing because they offer distributors more screens and markets.
Specific Risks Related to Our Real Estate Business
Retail tenant closures and reduced capacity from COVID-19 have not fully reversed, weakening the real estate portfolio.
- Risks Related to the Real Estate Industry Generally
tele-commuting demand for traditional office space has likewise declined and may likewise continue to decline), or the public perception that any of these events may occur, could result in declining rents or increased lease defaults. Increasing cap rates can result in lower property values
Remote work and other disruptions could reduce office rents, increase lease defaults, and lower property values through higher capitalization rates.
- Risks Related to the Real Estate Industry Generally
Real estate development involves a variety of risks
Limited size and resources may hinder acquisition of suitable development properties amid intense competition.
- Risks Related to the Real Estate Industry Generally
Risk of adverse labor relations: Deterioration in labor relations could lead to an increased cost of labor (including the cost of future government requirements with respect to scheduling, accommodation, pension liabilities, disability insurance and health coverage, vacations and leave)
Deteriorating labor relations could raise costs for wages, scheduling, benefits, pensions, disability coverage, and leave.
- Risks Related to the Real Estate Industry Generally
Risks Associated with Certain Discontinued Operations
Former industrial properties owned by discontinued-operation subsidiaries may have undiscovered environmental contamination and related liabilities.
- Risks Related to the Real Estate Industry Generally
Operating, Financial Structure and Borrowing Risk
Negative working capital means short-term liabilities help finance long-term cinema and real estate assets.
- Risks Related to the Real Estate Industry Generally
Ownership and Management Structure, Corporate Governance, and Change of Control Risks
Margaret and Ellen Cotter and affiliates have concentrated voting control, creating governance and change-of-control risks for other shareholders.
All 13 risk factors
Headings as the filing states them, in filing order.
Other
- 01Cinema Exhibition and Live Theatre Business Risk Factors
- 02We also face competition from various other forms of “beyond-the-home” entertainment, including sporting events, concerts, restaurants, casinos, video game arcades, and nightclubs. Our cinemas also face competition from live theatres and vice versa
- 03continue for the foreseeable future and plan to minimize the impact by focusing on the supply of those items with the greatest impact on our sales and operations
- 04We are vulnerable to a variety of factors which are beyond our control
- 05Specific Risks Related to Our Real Estate Business
Risks Related to the Real Estate Industry Generally
- 06tele-commuting demand for traditional office space has likewise declined and may likewise continue to decline), or the public perception that any of these events may occur, could result in declining rents or increased lease defaults. Increasing cap rates can result in lower property values
- 07Real estate development involves a variety of risks
- 08Risk of adverse labor relations: Deterioration in labor relations could lead to an increased cost of labor (including the cost of future government requirements with respect to scheduling, accommodation, pension liabilities, disability insurance and health coverage, vacations and leave)
- 09Risks Associated with Certain Discontinued Operations
- 10Operating, Financial Structure and Borrowing Risk
- 11technology systems. Since 2015, we have annually procured cybersecurity insurance to protect against cybersecurity risks; however, we cannot provide any assurance regarding the adequacy of such insurance coverage
- 12Ownership and Management Structure, Corporate Governance, and Change of Control Risks
- 13Reference is made to the Cotter Schedule 13D for more detail information of the scope and extent of the holdings of Margaret Cotter and Ellen Cotter. Our Class A Stock is non-voting and accordingly our Class B Stock represents all of the voting power of our Company
Other Reading International 10-Ks
- 2026 10-K risk factors
10 risks, 1 new, 4 dropped, 4 reworded since the prior year. Film and play supply now dominates, with Hollywood strikes cited as delaying releases and disrupting cinema attendance.
Filed Mar 31, 2026
About this page
Item 1A of the 10-K on EDGAR was split into its risk factors and, where the company's previous 10-K is on file, each heading was matched to last year's and the text compared word for word. The headings are the filing's own. The one-line readings and the overview were written by a language model from the text of the new, dropped, and rewritten risks; they refer to risks by position and cannot misquote a heading.