Cine-Source Stock Falls as ‘Texasville’ Falters
The stock of Universal City-based Cine-Source Inc. has collapsed from $6 on Oct. 7 to 21.875 cents as of Monday’s close.
Perhaps investors have noticed that “Texasville,” the Peter Bogdanovich-directed sequel to the “Last Picture Show,” hasn’t turned out to be the box office success that Cine-Source, the film’s co-producer,was hoping for. Since its opening Sept. 28, “Texasville” has taken in a paltry $1.93 million in ticket receipts.
The film was the first project for Cine-Source, which lined up $24 million from investors to finance the production, promotion and advertising costs.
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