Tag Archives: AMC Entertainment

AMC challenges Regal Entertainment with $400M IPO

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A battle of  movie theater titans is starting to take shape.
AMC Entertainment, the second largest movie theater network in the country after Knoxville-based Regal Entertainment Group, recently announced plans for a $400 million initial public offering.
Proceeds from the IPO are earmarked for expansion and debt payments.
AMC hasn’t offered details of its growth plan, but Regal will undoubtedly be keeping a close eye on the Kansas-based company’s expansion.
AMC was bought last year by Chinese billionaire Wang Jianlin’s Dalian Wanda Group for $2.6 billion.
Wanda bills itself as the largest movie theater operator in the world.
While Wanda may be the world’s biggest, but Regal has a considerable lead over AMC when it comes to the U.S.
AMC currently operates 342 theaters with 4,941 screens in the U.S., according to its website. Regal has 7,340 screens in 576 theaters. Virtually all of Regal’s screens are in the U.S. mainland, although it also has theaters in Guam, Saipan and American Samoa.
Speaking of selling stock, Regal announced Tuesday a secondary offering of 2 million shares of National CineMedia. Regal is a founding member of National CineMedia, a digital in-theater network that offers advertising and special events.
Click here for Bloomberg’s take on AMC’s IPO.

Open Road Films poised to surge

Open Road Films, the movie distributor co-owned by Knoxville-based Regal Entertainment Group has had modest success since its launch last year, but it could end this year with a surge.

Four Open Road movies are scheduled to hit theater screens in the next few months.

How well these movies do at the box office could determine if the Open Road business model will have long-term success.

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Does Chinese deal drop Regal Entertainment to No. 2?

twilight_atb_12.jpgKnoxville-based Regal Entertainment Group Inc. has been the dominate movie theater operator in
 North America for years, but that could be about to change.

Dalian Wanda Group Co., a Chinese conglomerate, announced over the weekend that it plans to buy AMC Entertainment, the second-largest theater owner in the U.S.

Wanda and AMC said their merger would create the largest theater company in the world, according to a news release.

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Open Road gamble pays off for Regal Entertainment

2bda3aac6a142802050f6a706700d2af.jpgIt has to be fun when a gamble pays off. Knoxville-based Regal Entertainment Group is enjoying just such a payoff this week with the success of the action movie “The Grey.”

The Liam Neeson film opened No. 1 at the box office, bringing in nearly $20 million in its first weekend. Reviews have been good and “The Grey” is likely to make a whole lotof money for its distributor Open Road Films.

Open Road was created in March a year ago by Regal, operator of the largest chain of movie theaters in North America, and AMC, the second largest. Regal and AMC gambled on Open Road in response to a decline in major studio releases and the threat of movies being released direct into the home with video-on-demand technology.

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