Tried to do a bit of digging online and the only conclusion I can come to considering the amount of times that old ABC properties changed hands between the 1970s and now, is that the building may be owned by Cineworld or Odeon Cinemas; Cineworld most likely.
The company is in an expansion phase with a number of new cinemas around the country scheduled to open between now and the end of 2015.
Personally I'd welcome a new cinema to the area, and the public transport links make it a good location.