Ashley Square Cinema is officially under new management as of January 8th. DePauw University purchased the theater, and are partnering with Jagama Corp, a theater management company from Brazil, Indiana. Mark Thiemann, co-owner of Jagama, says that Ashley Square is a “real community asset, and they feel it’s been underutilized “. Property taxes on the theater will be paid by DePauw, as it does this on all of its commercial properties, including The Inn at DePauw. Ashley Square Cinema has been open since June 21, 1984, when it showed “Cannonball Run II” and “Star TrekIII: The Search for Spock.