Photo courtesy of Creative Commons

Kansas-City Based AMC Theatres Opens in New Markets



Photo courtesy of Creative Commons

AMC Entertainment Inc. is acquiring four theaters from Rave Reviews Cinemas LLC. The theaters have 61 digital screens, almost half of which can show in 3-D.

“We are pleased to add these four theaters to our quality fleet of locations,” AMC CEO Gerry Lopez said in the release. “This is a natural progression of business that we anticipated following our own acquisition by the Wanda Group. With this strategic acquisition, we are adding new markets to our footprint and serving a new audience in the South and Southeast.”

The new theaters are located in markets previously unexplored by AMC, including Montgomery, Ala.; Destin, Fla.; and Baton Rouge, La. Each theater is No. 1 in its market; they have an average age of nine years and have experienced upgrades.

Read more on Kansas City Business Journal.

Tags: , , ,