AMC Entertainment Holdings, Inc , one of the world’s leading theatrical exhibition companies and an industry leader in innovation and operational excellence, announced that it has completed its acquisition of Starplex Cinemas.
Starplex owns 33 theatres with
346 screens in 12 states, primarily in small and mid-size markets. Included among the circuit are 90 recliner reseated screens, with AMC planning to convert an additional 80 screens to recliner seating over the next several years.
“We are very pleased to welcome the Starplex Cinemas theatres into the AMC family, as we expand our guest experience strategy into new markets,” said AMC interim CEO Craig Ramsey. “We welcome our new Starplex colleagues to AMC. We are excited to add their talents and are proud of their shared commitment with our AMC associates to delivering a unique and high-quality guest experience.
“This transaction adds a number of complementary non-urban and suburban markets to our portfolio, allowing us to serve a wider spectrum of guests while broadening our movie going appeal. We believe that through this transaction, we’ve created value for guests and shareholders through the delivery of innovative new amenities which is expected to deliver incremental revenue, earnings and operating cash flow and to position us for further growth.”