News





Carmike to acquire three complexes totaling 52 screens from Cinemark

July 19, 2013

Carmike Cinemas announced the signing of a definitive agreement to purchase three digital entertainment complexes in Louisville, KY (Stonybrook 20), Voorhees, NJ (Ritz Center 16) and Hickory Creek, TX (Hickory Creek 16) with an aggregate of 52 screens from Cinemark USA.

Terms of the agreement were not disclosed. The transaction is expected to close during the third quarter, subject to customary closing conditions.

Carmike Cinemas president and CEO David Passman stated, “Following up Carmike’s successful 251-screen Rave acquisition late last year with an additional purchase of three cutting-edge theatre locations from Cinemark is another important step for our organization as we move toward our 3,000-screen target. We continue to actively pursue attractive transactions as we expand our growing circuit.”

All of the auditoriums feature full digital projection and stadium seating. Approximately one-third of the screens are 3-=D-capable and Carmike will be adding its eighth IMAX screen, which is located at the Stonybrook 20 in Louisville. Combined with its 19 Big D large-format digital screens, Carmike will operate 27 premium large-format screens. Carmike is also adding 36 screens to its existing, long-term pre-show advertising arrangement with Screenvision. The remaining 16 screens are currently on the Screenvision network.


Carmike to acquire three complexes totaling 52 screens from Cinemark

July 19, 2013

Carmike Cinemas announced the signing of a definitive agreement to purchase three digital entertainment complexes in Louisville, KY (Stonybrook 20), Voorhees, NJ (Ritz Center 16) and Hickory Creek, TX (Hickory Creek 16) with an aggregate of 52 screens from Cinemark USA.

Terms of the agreement were not disclosed. The transaction is expected to close during the third quarter, subject to customary closing conditions.

Carmike Cinemas president and CEO David Passman stated, “Following up Carmike’s successful 251-screen Rave acquisition late last year with an additional purchase of three cutting-edge theatre locations from Cinemark is another important step for our organization as we move toward our 3,000-screen target. We continue to actively pursue attractive transactions as we expand our growing circuit.”

All of the auditoriums feature full digital projection and stadium seating. Approximately one-third of the screens are 3-=D-capable and Carmike will be adding its eighth IMAX screen, which is located at the Stonybrook 20 in Louisville. Combined with its 19 Big D large-format digital screens, Carmike will operate 27 premium large-format screens. Carmike is also adding 36 screens to its existing, long-term pre-show advertising arrangement with Screenvision. The remaining 16 screens are currently on the Screenvision network.

More Cinemas

CineAsia 2014 to honor Indonesian film producer Maya Barack-Evans

Film producer and anti-piracy campaigner Maya Barack-Evans will be honored with the Asia-Pacific Copyright Educator (ACE) Award at CineAsia 2014. More »

Cineasia 2014 To Honor Japan’s Tokyu Recreation with DLP Cinema® Marketing Achievement Award

Tokyu Recreation Co. Ltd., will be honored with the DLP Cinema® Marketing Achievement Award at CineAsia 2014, schedule to take place Dec. 9-11 at the Hong Kong Convention and Exhibition Centre. More »

Hispanic Professionals Honor Marcus Theatres’ Rodriguez

Rolando Rodriguez of Marcus Theatres has received the Executive Leadership Award from the Hispanic Professionals of Greater Milwaukee (HPGM), an organization dedicated to fostering leadership and new initiatives that support Hispanics and Hispanic businesses. More »

Frisco's Wade Park signs iPic Theaters and Pinstripes Bowling

iPic Theaters and Pinstripes, Inc. will headline the entertainment at the Wade Park development in Frisco, Texas More »

ADVERTISEMENT



REVIEWS

The Drop review
Film Review: The Drop

An excellent cast carries this familiar crime story that relies on revelations a little far-fetched. More »

Dolphin Tale 2
Film Review: Dolphin Tale 2

Handicapped dolphin Winter finds a new friend in this wholesome sequel to a family favorite. More »

Player for the Film Journal International website.


ADVERTISEMENT



INDUSTRY GUIDES

» Blue Sheets
FJI's guide to upcoming movie releases, including films in production and development. Check back weekly for the latest additions.

» Distribution Guide
» Equipment Guide
» Exhibition Guide

ORDER A PRINT SUBSCRIPTION

Film Journal International

Subscribe to the monthly print edition of Film Journal International and get the full visual impact of this valuable resource for the cinema business.

» Click Here

SPONSORSHIP OPPORTUNITIES

Learn how to promote your company at the Film Expo Group events: ShowEast, CineEurope, and CineAsia.

» Click Here