PLANO, Texas – Two of the nation’s six largest cinema chains – Texas-based Cinemark USA and California-headquartered Century Theatres – announced on Aug. 8 plans to become one.
The combined company will operate out of Cinemark’s headquarters in Plano, Texas, under CEO Lee Roy Mitchell. Century officers Raymond W. Syufy and Joseph Syufy will join Cinemark’s board of directors.At the time of the announcement, Cinemark was ranked as the country’s 3rd-largest circuit with 2,469 U.S. screens at 202 U.S. sites. Sixth-ranked Century at that time operated 994 screens at 78 U.S. sites.
Only Regal Entertainment Group, with more than 6,400 screens, and AMC Entertainment, at 4,597 U.S. screens (following its 2005 merger with Loews Cineplex), boast larger screen-counts than the combined Cinemark-Century enterprise.
In Focus - October 2006
domingo, octubre 01, 2006
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