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AMC Looking to Repurchase 10 Theaters It Divested in 2017

Posted on Thursday, September 17th, 2020 3:48 PM

Theater photo Copyright SVJ Designs, LLC. All Rights Reserved.

When AMC Theatres acquired Carmike Cinemas in 2016, it had to divest fifteen theaters to satisfy anti-trust concerns. That divestiture essentially created New Vision Theatres, which took over ten former AMC locations. It had been operating a total of fourteen locations around the country until theaters everywhere shuttered in March 2020 amid concerns over the coronavirus pandemic.

Over the summer, New Vision Theatres commenced liquidation proceedings, which put the fate of its locations in doubt. Since that time, we've relayed confirmations about several of those locations not reopening even once restrictions eased.

At the end of August, several news outlets reported that AMC Theatres asked for approval to repurchase ten of its former locations, and that approval was granted. That means that we could see several of those closed locations reopened again under the AMC brand.

Locations Affected

Alabama

Florida

Illinois

Minnesota

New Jersey

Oklahoma

Pennsylvania

Wisconsin

If and/or when any of these locations reopen, we'll provide updates, so keep an eye on our News Journal section for news!

Theater photo above Copyright SVJ Designs, LLC. All Rights Reserved.

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