Carmike Cinemas has acquired two movie theatres from an AMC Entertainment subsidiary for a total of $5.4 million in cash. The transactions simultaneously closed upon signing of the purchase agreements.
AMC recently acquired the theatres from Starplex Cinemas and sold them to Carmike pursuant to a Consent Order with the Department of Justice in connection with its review and approval of the AMC/Starplex transaction. Upon completion of these two transactions, Carmike now operates 275 theatres with 2,942 screens across 41 states.
Carmike’s president and chief executive officer David Passman said, “We are pleased to welcome these two outstanding theatres to the Carmike family. Both the East Windsor Town Center 10 and the Berlin 12 Theatre have been successful in creating a compelling movie-going experience for the residents of East Windsor and Berlin, incorporating the latest technology in picture, sound quality and seating.”
“The two theatres are located in markets with limited geographic overlap with our existing theatre circuit, and are a perfect complement to our growing presence in the Northeast,” Passman continued. “We look forward to providing a world-class guest experience to movie-goers in East Windsor and Berlin by creating a premier movie-going experience and family destination with great amenities and outstanding customer service.”