EXHIBIT (23)-1
 
                        CONSENT OF INDEPENDENT AUDITORS
 
    We consent to the reference to our firm under the caption "Experts" and to
the use of our reports (i) dated November 27, 1995 on the Combined Financial
Statements of Cobb Theatres Group, (ii) dated July 12, 1996 on the Financial
Statements of R. C. Cobb, Inc. and (iii) dated July 12, 1996 on the Financial
Statements of Cobb Theatres II, Inc. in Amendment No. 2 to the Registration
Statement (Form S-4 No. 333-2724) and the related Prospectus of Cobb Theatres,
L.L.C. and Cobb Finance Corp. for the registration of $85,000,000 of 10 5/8% New
Senior Secured Notes due 2003.
 
                                          Ernst & Young LLP
 

Birmingham, Alabama
July 17, 1996