San Antonio’s Santikos Entertainment gets $50-million loan to ride out COVID-19 pandemic
SAN ANTONIO – Editor’s note: This story was published through a partnership between the San Antonio Business Journal and KSAT. Santikos Entertainment has obtained a $50 million loan that puts the Alamo City-based owner of several movie theaters on firmer financial footing as the COVID-19 pandemic drags on. The loan — facilitated by The Bank of San Antonio through the Federal Reserve Bank’s Main Street Lending Program — will be used to pay off an existing private banking loan whose terms had become burdensome. Without the new loan, Santikos would have been forced to maximize its debt against other assets to maintain operations, CEO Tim Handren said. Read more on this story at the San Antonio Business Journal.
Santikos, EVO Entertainment giving out free movie tickets every week
SAN ANTONIO – Rewards members for Santikos and EVO Entertainment have a new perk: free movie tickets. San Antonio-based Santikos has announced that it will load two free movie tickets into the accounts of reward members every Thursday. EVO Entertainment also announced a similar deal, except with four free tickets. Santikos Entertainment offering one free movie ticket a day for active military, veteransEVO also said Elevate Members will receive up to 20% off food and drinks, depending on their “member tier.” For more information, click here. Because of the delay in movie premieres, both EVO and Santikos are offering a variety of newer and classic flicks for $5.
What San Antonians need to know before going to the movies
SAN ANTONIO – Closures of non-essential businesses like bars, bowling alleys and movie theaters were announced on March 14 by Governor Greg Abbott to help mitigate the spread of COVID-19. Movie tickets are only $5 and all showtimes are listed on Santikos’ main website. “We’ve trained our staff on opening and closing doors, and we’ve really eliminated contact points throughout the whole theater,” Brooks said. The grab and go options like chips, candy or bottled sodas aren’t available, but Brooks said main items remain available for purchase. “Again, we eliminated a touchpoint of a cup, going back to one of our freestyle machines or ICEE machines.