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zifnab06 | 5 years ago

To clarify, Jody Allen took over Paul Allen’s fortune when he passed. I’m unsure what all has been closed since then, I know at least Stratolaunch (a space firm), Vulcan Productions (a small-ish media company), and now Vulcan Entertainment (LCM, Cinerama, and the flying heritage and combat museum) have all closed.

The Museum of Pop Culture (preciously Experience Music Project + Science Fiction Museum) was spared - they’re technically self funded now.

It feels like she’s cleaning house. COVID definitely didn’t help but Cinerama closed for a “remodel” sometime last year and laid off all their staff.

discuss

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hyperrail|5 years ago

One correction: Stratolaunch hasn't closed. Vulcan sold it last year to Cerberus Capital Management [1], the private-equity firm that controlled Chrysler before it merged with Fiat. But it continues to operate with the same management.

[1] https://www.geekwire.com/2019/exclusive-buyer-paul-allens-st...

zifnab06|5 years ago

Oh, this is good to know I must have missed it.

I assume this is the same Cerberus Capital Management that acquired Safeway and has been running them into the ground?