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» Film-Tech Forum ARCHIVE   » Community   » Film-Yak   » Cinemark To Acquire Century?

   
Author Topic: Cinemark To Acquire Century?
Michael Coate
Phenomenal Film Handler

Posts: 1904
From: Los Angeles, California
Registered: Feb 2001


 - posted 08-04-2006 09:20 PM      Profile for Michael Coate   Email Michael Coate   Send New Private Message       Edit/Delete Post 
http://www.imdb.com/news/sb/2006-08-03/

quote:

Another Big Exhibitor Merger?

Cinemark Inc., the nation's third-largest theater chain, has launched a second round of talks to acquire Century Theatres Inc., the country's eighth largest, London's Financial Times reported today (Thursday), citing people with knowledge of the matter. According to the newspaper, Cinemark attempted to buy Century a year ago but the deal fell through when Cinemark offered significantly less than the $1 billion that Century's owners had sought. The current talks could also fall apart, the newspaper noted, as they come at a sensitive time in the movie exhibition business, following last year's downturn at the box office.


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Bobby Henderson
"Ask me about Trajan."

Posts: 10973
From: Lawton, OK, USA
Registered: Apr 2001


 - posted 08-05-2006 12:21 AM      Profile for Bobby Henderson   Email Bobby Henderson   Send New Private Message       Edit/Delete Post 
Any wagers on if Cinemark will allow existing Century theaters to keep that all-THX thing going? I'd bet against it.

My hopes are that Warren Theatres lays sadistic merciless waste to all other competitors in major markets within Texas, Kansas, Colorado and Oklahoma. --thus upending lots of existing Cinemark sites. There's a good number of them that really got on my nerves in the Dallas Fort Worth area.

Warren Theatres hasn't jumped into the IMAX thing yet though. But I'll bet once that company does it they will do it very well.

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Michael Coate
Phenomenal Film Handler

Posts: 1904
From: Los Angeles, California
Registered: Feb 2001


 - posted 08-10-2006 06:48 PM      Profile for Michael Coate   Email Michael Coate   Send New Private Message       Edit/Delete Post 
Apparently, this thread got overlooked and a few days later another similar discussion was started up here.

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