Carmike Cinemas Completes Acquisition of Nine State-of-the-Art Theatres and 147 Screens from Muvico Theatres
Carmike Cinemas, Inc. (NASDAQ: CKEC), a leading entertainment, digital cinema and 3-D motion picture exhibitor, today (11/21/13) announced the completion of its previously announced purchase from Muvico Entertainment, L.L.C. (d/b/a Muvico Theatres) of nine entertainment complexes with an aggregate of 147 screens in Florida, California, and Illinois.
Of the nine theatres purchased, seven are located in Florida, with one each in Illinois and California. Ninety seven percent of the acquired auditoriums are digital and feature stadium seating. Approximately 24 percent of the screen count is 3-D-capable and four theatres have premium large format screens – two IMAX® and two MuviXL. Every location features select auditoriums that contain D-BOX motion-code action seats, and a majority of the theatres offer beer and wine service. Each of the Thousand Oaks, Calif., and Rosemont, Ill., locations contains within the theatre complex a Bogart’s Bar & Grill full-service restaurant. All 147 screens are participants in the Screenvision Cinema Network, which includes more than 14,000 screens throughout the US. Inclusive of the Muvico screens, Carmike’s theatre portfolio now consists of 257 theatres with an aggregate of 2,681 screens in 37 states.
Carmike Cinemas, Inc. is a U.S. leader in digital cinema, 3-D cinema deployments and one of the nation’s largest motion picture exhibitors. As of September 30, 2013, the Company had 247 theatres with 2,521 screens in 36 states, with a digital footprint of 2,418 screens, including 229 locations with 954 screens also equipped for 3-D. The circuit includes 32 premium large format auditoriums featuring state-of-the-art technology and luxurious seating, including 20 “BigDs,” 10 IMAX® auditoriums and two MuviXL screens. As “America’s Hometown Theatre Chain,” Carmike’s primary focus is small to mid-sized community locations. Visit www.carmike.com for more information.
Note to local moviegoers here in Thousand Oaks: Although owned by Carmike, the theaters continue to operate, at least for the time being, under the Muvico brand, although to buy tickets online you will be visiting the Carmike website at www.carmike.com/ShowTimes/Theater/320 or call 805.494.4702.