The BigScreen Cinema Guide Now Showing The Marquee Gift Shop Search Help
 
Have an Account? E-Mail Address Passcode
| Register Now
Regal Must Sell Four North Carolina Theaters

Posted on Wednesday, May 14th, 2008 8:41 AM by Scott Jentsch

The Knoxville News Sentinel is reporting that the U.S. Department of Justice is requiring Regal Entertainment Group to sell four movie theaters in North Carolina to satisfy antitrust concerns related to its recent acquisition of Consolidated Theatres.

The affected theaters are the Crownpoint 12 in Charlotte, the Raleigh Grande 16 in Raleigh, the Town Square 10 in Garner (a Raleigh suburb), and the Hollywood 14 in Asheville.

According to the Justice Department, the divestitures are "required to assure continued competition in markets where the transaction would otherwise result in a loss of competition." The department's complaint says Regal and Consolidated movie theaters would be competing head-to-head in each of the North Carolina markets.

The Antitrust Division said without the divestiture the merger would substantially lessen competition among first-run commercial movie theaters in those markets, resulting in higher ticket prices and a decreased movie-going experience for customers.

Click the Read link below to view the full article on the News Sentinel web site.



Add Your Comments

Reader VoiceReader Comments

No comments found. Be the first and let us know what you think!

Add Your Comments

Warning: Please login
Commenting on Journal Articles is available only to our readers who have customized this site, which makes it easier for you to complete the form and for us to contact you with any questions or concerns about your comments.

Please login or register a new account before continuing.


Already Registered?

Log in to retrieve your saved settings.

E-Mail Address:
BigScreen Passcode:

Forget Your Passcode?

Send My Passcode To Me

Not Registered? Create a New Account!

E-Mail Address
In case we need to contact you. A valid E-Mail address is required, profiles with invalid addresses will be removed.
Please Confirm Your E-Mail Address
ZIP Code
This helps us display theaters that are near you.

Our registered members enjoy more features, including:

Basic accounts are free -- sign up today!

Concerned About Privacy?

So are we! We won't sell, trade, or share your personal information with anyone unless required by law. For more information, please read our Privacy Policy.



Home - About Us - Ad Info - Feedback
Journal/Blog - The Marquee - Movie Links - News and Events - Now Showing - Reader Reviews
Customize - VIP Service

The BigScreen Cinema Guide is a service of SVJ Designs LLC. All graphics, layout, and structure of this service (unless otherwise specified) are Copyright © 1995-2014, SVJ Designs. The BigScreen Cinema Guide is a trademark of SVJ Designs. All rights reserved.

'ACADEMY AWARDS®' and 'OSCAR®' are the registered trademarks and service marks of the Academy of Motion Picture Arts and Sciences.