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Cinemark Buys 32 Rave Cinemas Locations

Posted on Tuesday, November 20th, 2012 10:05 AM

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Cinemark USA, Inc. announced recently that they have entered into an agreement with Rave Cinemas to acquire 32 locations in 12 states. The press release says that this is "substantially all of the assets of Rave," but according to our count of our records and Rave's web site, they currently have 46 locations. It's quite possible that the other locations will be closed, as this announcement seems to signal the death knell for Rave Cinemas as a movie chain (they sold off 16 locations to Carmike in October).

"We are excited about the opportunity to bring these two great companies together. Rave associates and field partners have worked hard to build a top-notch circuit, and Cinemark is well known as one of the best in the business," said Rolando Rodriguez, President and CEO of Rave Cinemas. "I am confident that under Cinemark's leadership, Rave's exceptional quality and customer service will be taken to an even higher level."

The deal will have to pass muster with antitrust concerns before it will be finalized. There are no further details about which Rave Cinemas locations are affected.

Cinemark is one of the leading movie theater chains in the country, operating theaters under the brand names of Cinemark, Century Theatres, CinéArts, and Tinseltown.

Source: Cinemark USA Press Release

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Please Note: These comments are submitted by the readers of The BigScreen Cinema Guide and represent their own personal opinions, and do not represent the views of The BigScreen Cinema Guide, or any of its associated entities.

Nov 21, 2012 - George Jobson VIP Member

My theatre Rave Cityplace 14 in downtown Kalamazoo will close on November 25th, hopefully it will reopen under new managerment. I love two blocks from the theatre and i go there every Monday to watch new movies and review them for The Big Screen Cinema Guide. Hopefully, until Cityplace reopen, I'll have to see movies at Celebration Cinema Crossroads.  

Jun 4, 2013 - Scott Jentsch VIP Member

This deal was finalized in May 2013, and we have updated the ownership information for each of the affected theaters. The total number of former Rave locations acquired by Cinemark is 34. The complete list is to the right. 

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