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ENTERTAINMENT
November 17, 2012 | Richard Verrier
Cinemark USA, Inc., the nation's third largest theater chain, said it is acquiring Rave Cinemas, the Dallas, Texas based chain that operates the former Bridge theater in Los Angeles, for $240 million. The deal, which is subject to regulatory approval, includes 32 theaters located in 12 states, representing 483 screens. Based in Plano, Texas, Cinemark operates 461 theatres with 5,207 screens in 39 U.S. states, Brazil, Mexico, Argentina and 10 other Latin American countries.
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ENTERTAINMENT
November 17, 2012 | Richard Verrier
Cinemark USA, Inc., the nation's third largest theater chain, said it is acquiring Rave Cinemas, the Dallas, Texas based chain that operates the former Bridge theater in Los Angeles, for $240 million. The deal, which is subject to regulatory approval, includes 32 theaters located in 12 states, representing 483 screens. Based in Plano, Texas, Cinemark operates 461 theatres with 5,207 screens in 39 U.S. states, Brazil, Mexico, Argentina and 10 other Latin American countries.
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BUSINESS
August 19, 2011 | By Richard Verrier, Los Angeles Times
Rave Cinemas has tapped former Blockbuster chief John F. Antioco as the company's new chairman in the latest management shake-up at the country's fifth-largest theater chain. Antioco, who joined the Rave board in February, succeeds Charles Moss, who will remain as the second-largest investor in the Dallas-based theater chain and a member of the board of directors. Antioco led Blockbuster for nearly a decade, presiding over a period of rapid growth and, later, widening losses.
ENTERTAINMENT
October 1, 2012 | By Richard Verrier
Carmike Cinemas, the nation's fourth-largest theater circuit, is bulking up. The Columbus, Ga.-based chain said Monday it had signed an agreement to buy 16 theaters with 251 screens from Dallas-headquartered Rave Review Cinemas for $19 million in cash and $100.4 million of assumed lease obligations. Of the 16 theaters being acquired, six are in Alabama, four in Florida, two in Indiana, and one each in Illinois, Pennsylvania, Tennessee and Texas. “The addition of these 16 state-of-the-art theaters and 251 screens from Rave is a key, opportunistic development for Carmike," said Carmike Cinemas President and Chief Executive Officer David Passman.
ENTERTAINMENT
October 1, 2012 | By Richard Verrier
Carmike Cinemas, the nation's fourth-largest theater circuit, is bulking up. The Columbus, Ga.-based chain said Monday it had signed an agreement to buy 16 theaters with 251 screens from Dallas-headquartered Rave Review Cinemas for $19 million in cash and $100.4 million of assumed lease obligations. Of the 16 theaters being acquired, six are in Alabama, four in Florida, two in Indiana, and one each in Illinois, Pennsylvania, Tennessee and Texas. “The addition of these 16 state-of-the-art theaters and 251 screens from Rave is a key, opportunistic development for Carmike," said Carmike Cinemas President and Chief Executive Officer David Passman.
BUSINESS
December 22, 2009 | By Claudia Eller
Sumner Redstone's family-owned movie theater circuit, National Amusements Inc., has closed a deal to unload 29 of the 35 non-core cinema assets it is selling to Texas-based Rave Cinemas. Financial terms weren't disclosed. A transaction for the remaining six -- which includes the Bridge Cinema de Lux multiplex in Los Angeles -- is expected to be finalized in the next couple of weeks. Redstone will use the proceeds of the sale to help pay off National Amusements' outstanding debt.
ENTERTAINMENT
February 9, 2012
The Pan African Film & Arts Festival When: Thursday through Feb. 20 Where: Baldwin Hills Crenshaw Plaza Rave Cinemas, 3650 W. Martin Luther King Jr. Blvd., Los Angeles Information: http://www.paff.org ; (310) 337-4737
ENTERTAINMENT
July 22, 2013 | By Richard Verrier
Carmike Cinemas, Inc., the country's fourth largest theater chain, said it would issue 4.5 million shares of its common stock as part of a plan to expand nationwide. In addition, Carmike expects to grant the underwriters a 30-day option to purchase up to an additional 675,000 shares of common stock. Carmike said it will use the proceeds from the offering for various uses, including funding potential acquisitions at a time when the U.S. exhibition industry is consolidating. PHOTOS: Celebrities by The Times Earlier this year, Regal Entertainment Group, the nation's largest theater circuit, scooped up Hollywood Theaters, a Portland, Ore., chain that operates 43 theaters in 16 states, for $191 million in cash and about $47 million of assumed lease obligations.
ENTERTAINMENT
February 19, 2013 | By Richard Verrier
Shares of Regal Entertainment gained modestly Tuesday after the nation's largest theater chain announced it had reached a deal to acquire Hollywood Theaters. Regal Entertainment Group said it has entered into an agreement to buy Hollywood Theaters, a Portland, Ore., chain that operates 43 theaters in 16 states, for $191 million in cash and about $47 million of assumed lease obligations. Most of Hollywood's cinemas are concentrated in Texas, Missouri, Hawaii and Kansas. Investors responded favorably to the news.
ENTERTAINMENT
October 25, 2012 | By Gary Goldstein
"The Last Fall" is a modest, well-performed drama that asks, "What happens when a professional football player can no longer play football?" If, like the film's Kyle Bishop (a solid Lance Gross), he's a young, less-sought-after athlete short on savings, direction or career options, the situation can prove particularly crushing. But as they say, you can go home again, which is what Kyle, an undrafted free agent, does after being cut from his most recent team. Kyle's return to L.A., however, is a mixed bag: His divorced mother (Vanessa Bell Calloway)
BUSINESS
August 19, 2011 | By Richard Verrier, Los Angeles Times
Rave Cinemas has tapped former Blockbuster chief John F. Antioco as the company's new chairman in the latest management shake-up at the country's fifth-largest theater chain. Antioco, who joined the Rave board in February, succeeds Charles Moss, who will remain as the second-largest investor in the Dallas-based theater chain and a member of the board of directors. Antioco led Blockbuster for nearly a decade, presiding over a period of rapid growth and, later, widening losses.
BUSINESS
December 22, 2009 | By Claudia Eller
Sumner Redstone's family-owned movie theater circuit, National Amusements Inc., has closed a deal to unload 29 of the 35 non-core cinema assets it is selling to Texas-based Rave Cinemas. Financial terms weren't disclosed. A transaction for the remaining six -- which includes the Bridge Cinema de Lux multiplex in Los Angeles -- is expected to be finalized in the next couple of weeks. Redstone will use the proceeds of the sale to help pay off National Amusements' outstanding debt.
ENTERTAINMENT
July 1, 2011 | By Gary Goldstein
There's not much new or profound about "35 & Ticking," but a capable cast and a genial script make it an enjoyable look at friends of a certain age (37, despite the title). Although writer-director Russ Parr sometimes overstays his welcome — peppier editing would have helped — a generally warm approach helps distinguish his oft-told story. A quartet of childhood allies grow up to find themselves at various pre-midlife crossroads: Beautiful sportscaster Zenobia (Nicole Ari Parker)
ENTERTAINMENT
February 21, 2013 | By Robert Abele
Lives intersect, but so do Tarantino-esque clichés, in "The Power of Few," a ham-fisted, timeline-altering variety pack of crime set in New Orleans. Five vignettes take place over the same small chunk of temporal real estate, ending in a ripple effect of violence. A desperate young man (Devon Gearhart) needs medicine for his baby brother; two spies (Christian Slater, Nicky Whelan) hunt a possible terrorist; a flirty messenger (Q'orianka Kilcher, who also produced) rescues a man (Jesse Bradford)
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