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AMC Completes Sale of Kerasotes Locations, Divests 9 Locations

Posted on Tuesday, May 25th, 2010 1:51 PM and updated on Friday, December 19th, 2014 9:23 AM

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Kerasotes logo

AMC Entertainment Inc. announced today that it has completed the sale of most of the assets of Kerasotes ShowPlace Theatres, LLC.

"With the addition of Kerasotes' highly regarded assets, we will continue to redefine the future of our industry," said Gerry Lopez, AMC chief executive officer and president. "With almost 200 years in the exhibition business between us, our collective experiences and our complementary geographic footprints will allow us to enhance our reputation for excellence and leadership, which are a part of each company's culture."

This deal was announced back in January 2010 (read the Journal article and press release), and it leaves Kerasotes with just three locations out the original 95 that were still under their ownership. AMC now boats 380 locations in the U.S., making it the second-largest chain the United States (according to their press release).

According to an article in the Daily Camera in Boulder, Colorado, AMC is being required to divest itself of nine theaters (in Colorado, Illinois, and Indiana) involved in the transaction to allay concerns of anti-competitiveness.

Colorado Cinemas Olde Town 14   Arvada, CO
Colorado Cinemas Colony Square 12   Louisville, CO
Kerasotes Showplace 12 - Bolingbrook   Bolingbrook, IL

Kerasotes City North 14  

Not identified in the Justice Department release, but not listed on AMC's site either. It is found on Regal's web site, so we're going to tag this as a Regal-owned location.

Chicago, IL

Kerasotes Webster Place 11  

Not identified in the Justice Department release, but not listed on AMC's site either. It is found on Regal's web site, so we're going to tag this as a Regal-owned location.

Chicago, IL
AMC Loews Gardens 1-6 and/or AMC Loews Gardens 7-13 Skokie, IL
Kerasotes Theatres Glen 10   Glenview, IL

AMC Greenwood Park 14

Greenwood, IN

AMC Cantera 30

Warrenville, IL
AMC Castleton Square 14 or Kerasotes Showplace 12 Glendale Town Indianapolis, IN

The article mentions that Regal Cinemas will be picking up those nine locations, which seems to be confirmed by a press release by Regal Cinemas yesterday that they would be acquiring nine AMC locations in exchange for cash and two Regal locations (which have not been announced).

The list of affected theaters appears at the right, and we have changed the names, message phone numbers, and ownership information for each theater so that you have the latest and greatest information for these locations.

Sources: Press Releases from AMC Entertainment Inc., Regal Entertainment Group, U.S. Department of Justice

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