Century Theatres Inc., a San Rafael, Calif.-based chain with multiplexes throughout California and 11 other Western states, has agreed to be acquired by Cinemark USA Inc. for an undisclosed price.
The deal, announced Tuesday, would continue a consolidation of the movie theater industry and make Cinemark, based in Plano, Texas, comparable in size to the nation's second-largest chain, AMC Entertainment Inc. Cinemark is now a distant No. 3.
The acquisition, if approved by federal regulators, would boost Cinemark's screen count by almost 1,000, to a total of 4,395. AMC, which bought Loews Cineplex Entertainment Corp. this year, operates 4,437 screens in the U.S. Regal Entertainment Group's 6,383 screens make it the nation's largest theater owner.
Century was courted by Cinemark when it was up for auction last summer, but the two sides could not agree on a price.