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

Pioneering PR exec Paula Herman passes away

Paula Herman, co-founder of Herman Associates and Herman & Almonte Public Relations, passed away More »

Classic Cinemas' York wins Historic Theatre Award

The League of Historic American Theatres honored the York Theatre in Elmhurst, Illinois, with its 2014 Outstanding Historic Theatre Award More »

Alamo Drafthouse to open first Los Angeles location

The Alamo Drafthouse will open its first Los Angeles theatre at The Bloc More »

Cineplex opens Canada's first movie theatre built exclusively for adults

Cineplex opens the doors to Cineplex VIP Cinemas Don Mills, the first Canadian movie theatre built exclusively for adults, on August 15 More »

ADVERTISEMENT



REVIEWS

Sin City: A Dame to Kill For
Film Review: Sin City: A Dame to Kill For

Neither significantly better nor worse than its predecessor, the belated Sin City sequel is more of a repeat, rather than a continuation, of the original. More »

If I Stay
Film Review: If I Stay

Delivers as promised. 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