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Regal Entertainment Group Purchases Warren Theatres Locations

Posted on Friday, May 19th, 2017 11:49 AM by Scott Jentsch


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Regal Entertainment Group announced recently that it is purchasing seven locations in Kansas and Oklahoma currently owned/operated by Warren Theatres, LLC.

“Warren Theatres have become the market leader in both Wichita and Oklahoma City by providing superior customer service and a myriad of upscale amenities, including reclining seats, large format screens and a wide array of food and beverage options,” stated Amy Miles, CEO of Regal Entertainment Group. “We are honored and excited to add these high-quality assets to our circuit and expect the transaction to be immediately accretive to our earnings and cash flow.”

An eighth location, the Premiere Palace in Springfield, Missouri, is currently in the process of being sold to a church and will cease to be a movie theater. The deal reportedly does not affect two movie theaters being built by Warren Theatres in Oklahoma City, so it's not clear if Warren Theatres will be no more and those new locations will be under a new company, or if the chain is doing a reset on its operations.

Affected Locations

Kansas

Oklahoma

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Source: Regal Entertainment Group Press Release



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