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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
by zifnab06 6y 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.
- hyperrail 6y agoOne 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-stratolaunch-space-venture-secretive-trump-ally/ https://www.geekwire.com/2019/exclusive-buyer-paul-allens-st...
- zifnab06 6y agoOh, 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?