Exhibit 5



                   [HASKELL SLAUGHTER & YOUNG, LLC LETTERHEAD]









                                  June 6, 1996



Cobb Theatres, L.L.C.
Cobb Finance Corp.
The Cobb Building
24 Montclair Road
Birmingham, Alabama  35213

                     Re:  Registration Statement on Form S-4

Gentlemen:

     We have served as counsel for Cobb Theatres, L.L.C., an Alabama limited
liability company (the "Company" or "Cobb"), and Cobb Finance Corp., an Alabama
corporation and wholly-owned subsidiary of the Company ("Finance Corp." and,
together with the Company, the "Issuers"), in connection with the proposed
exchange offer (the "Exchange Offer") which is more fully described in the
Registration Statement on Form S-4 (Commission File No. 333-2724) filed under
the Securities Act of 1933, as amended, with the Securities and Exchange
Commission on June 6, 1996 (the "Registration Statement"), to exchange $1,000
principal amount of its 10-5/8% New Senior Secured Notes due 2003 (the "New
Senior Secured Notes") for each $1,000 principal amount of its outstanding
10-5/8% Senior Secured Notes due 2003 (the "Original Senior Secured Notes"), of
which $85,000,000 in aggregate principal amount are outstanding as of the date
hereof.  This opinion is furnished to you pursuant to the requirements of Form
S-4.

     In connection with this opinion, we have examined and are familiar with
originals or copies (certified or otherwise identified to our satisfaction) of
such documents, corporate records and other instruments relating to the
formation of the Company and the incorporation of Finance Corp. and to the
authorization and issuance of the New Senior Secured Notes as we have deemed
necessary and appropriate.

     Based upon the foregoing, and having regard for such legal considerations
as we have deemed relevant, it is our opinion that:






























Cobb Theatres, L.L.C.
Cobb Finance Corp.
June 6, 1996
Page 2                                      
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     1.   The New Senior Secured Notes have been duly authorized; and

     2.   Upon issuance, sale and delivery of the New Senior Secured Notes as
contemplated in the Registration Statement, the New Senior Secured Notes will be
legally issued, fully paid and nonassessable and will constitute the valid and
binding obligations of the Issuers.

     We do hereby consent to the reference to our Firm under the heading "Legal
Matters" in the Prospectus which forms a part of the Registration Statement, and
to the filing of this opinion as an Exhibit thereto.

                                        Very truly yours,

                                        HASKELL SLAUGHTER & YOUNG, L.L.C.


                                        By     /s/ Ross N. Cohen
                                          --------------------------------------
                                                   Ross N. Cohen