1. Premier Exhibitions, Inc. Acquires Titanic-Themed Exhibition in Orlando (18 Oct 2011,MarketWatch-Press Release)
Premier Exhibitions, Inc. PRXI +0.53% , a leading presenter of museum-quality touring exhibitions around the world, announced today it entered into an agreement to purchase the assets of a Titanic-themed exhibition (Titanic The Experience) in Orlando, Florida. The acquisition of Titanic The Experience enables Premier to immediately begin generating revenue in this established entertainment facility. In addition, the acquisition provides the Company with an existing multi-million dollar exhibition with minimal startup costs and an attractive ongoing cost structure relative to building a new Titanic themed exhibition in Orlando. As a result, the Company is able to enter a prime tourist destination market for a nominal initial investment. “This acquisition provides a great opportunity to expand our semi-permanent installations into one of the preeminent tourist markets in the world,” said Christopher Davino, Premier Exhibitions, Inc. president and chief executive officer. “We look forward to enhancing Titanic The Experience and bringing an engaging exhibition that will not only capture the imagination of visitors but provide Orlando with an additional world-class entertainment destination.”
2. Diagrams From Titanic Inquest To Be Auctioned (19 Oct 2011, The Associated Press)
The two diagrams, which are among more than 370 lots of Titanic memorabilia in next week’s sale, are more modest in scale. One showing deck levels and the placement of lifeboats measures 74 inches (188 centimeters) by 56 inches (142 centimeters). The presale estimate is 40,000-60,000 pounds ($63,000-$95,000). The other — a plan of first-class accommodations, including pictures of some of the cabins — measures 29 inches by 41 inches (74 centimeters by 104 centimeters). The estimated price is 30,000-50,000 pounds ($48,000-$80,000).
3. Lifeboat Believed To Be From Titanic On Display Starting Saturday (19 Oct 2011, Shore News Today)
In December of 2007, Absecon Lighthouse came into possession of a donated Titanic exhibit, which included a Titanic-era original Harland and Wolff Lifeboat, circa 1909, believed to be one of the Titanic lifeboats. The boat matches the description from the official British enquiry of the Titanic disaster. The Carpathia, the ship that rescued Titanic survivors, brought 13 Titanic lifeboats back to New York. Although the fate of the boats is unclear, they may have been put back into service aboard other White Star liners. The boat could potentially be the only lifesaving boat from the Titanic in existence today.