Market Overview

Carmike Cinemas Buys Two Theatres from Phoenix Big Cinemas

Share:
Related CKEC
Investors: Watch These Media Stocks In The Heat Of Earnings Season
Carmike Cinemas Soars Amid Report Of Working With JP Morgan For Possible Sale
In A Year Of Major Events For Reading International, Wanda's Purchase Of Hoyts Turns Our Head (Seeking Alpha)

Carmike Cinemas, Inc. (NASDAQ: CKEC), a leading entertainment, digital cinema and 3-D motion picture exhibitor, today announced the completed acquisition of two movie theatres with a total of 16 screens from Phoenix Big Cinemas (“Phoenix Big”), the 20th largest theatre circuit in North America. The Phoenix Big facilities have 8 analog screens each and are located in Madisonville, KY and Greeneville, TN. Carmike plans to immediately begin converting the screens to digital cinema, utilizing Christie digital projectors from its own surplus inventory, as well as installing four 3-D screens at each respective location, in conjunction with 3-D technology partner RealD.

Posted-In: News M&A

 

Related Articles (CKEC)

Around the Web, We're Loving...

Get Benzinga's Newsletters