Tag Archives: Amy Miles

Regal’s Amy Miles named to Norfolk Southern board

Amy Miles, CEO of Regal Entertainment Group

Amy Miles, CEO of Regal Entertainment Group

Knoxville businesswoman Amy Miles, CEO of movie theater operator Regal Entertainment Group, is taking her business acumen to Norfolk Southern railroad.
Miles was one of two directors elected to the Norfolk Southern Corp. board effective Tuesday, the railroad  announced.
Miles, who has been CEO of Knoxville-based Regal since 2009, was appointed to the Norfolk Southern board’s audit and finance committees.
Like many executives, Miles serves on a number of corporate and nonprofit boards, including National CineMedia Inc., a digital in-theater media network, co-owned by Regal; the Regal Foundation, and Variety of Eastern Tennessee, a children’s charity.
She also is an executive board member of the National Association of Theater Owners.
Also elected to the Norfolk Southern board was James A. Squires, who was appointed president of Norfolk Southern last year.
Miles could not immediately be reached for comment on the railroad appointment.
Naming a movie theater executive to a railroad board may seem a stretch, but Norfolk Southern has a major presence in Knoxville.
Last year it opened a $5.9 million rail/truck transfer terminal on Tennessee Avenue giving companies that lack direct rail connections a way to access rail.
Knoxville also sits along the Crescent Corridor, Norfolk Southern’s 2,500-mile intermodal network that stretches from Louisiana to New York.
Regal is the largest movie theater operator in the country with 580 theaters in 42 states, the District of Columbia and Guam, Saipan, American Samoa.

Regal buys Hollywood Theaters for $191M

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The biggest movie theater operator in the U.S. just got
bigger. Knoxville-based Regal Entertainment Group said today it has acquired
Hollywood Theaters for $191 million in cash and $47 million in assumed leased
obligations.

The cash payment includes paying off approximately $157
million in Hollywood Theater’s debt.

The deal adds 43 theaters with 513 screens to Regal’s
existing portfolio.

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Regal expands IMAX deal

twilight_atb_12.jpgRegal Entertainment Group continues to go big.

 The Knoxville-based movie theater operator said today it will install 10 new IMAX theaters, which will give the company 87 IMAX screens in markets across the country.

The deal is part of an expansion of an existing jont revenue sharing agreement with IMAX Corp., Regal said in a news release.

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Tenn. companies make little progress on board room diversity

Regal Entertainment Group CEO Amy Miles remains the only female chief executive of a Tennessee-based public company, according to an annual report by Lipscomb University and Nashville CABLE, a diverse network of professionals.

The report “shows little progress toward gender diversity” in corporate boardrooms across the state in recent years. Since 2007 when the university researched the issue women have held between 7.9 and 8.3 percent percent of the board positions for Tennessee public companies, the report says.

The “Women in Corporate Leadership” study found that while 47 percent of the Tennessee work force was female in fiscal 2010, women held only 8 percent of the 566 public company board seats. Of the 17 new independent board directors appointed in Tennessee during fiscal 2010, only three were women.

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Sony 3D policy could cost Regal Entertainment millions

Updated with comments from Regal Entertainment Group CEO Amy Miles

A new Sony Corp. policy regarding disposable 3D glasses could make some of next summer’s
regal0081_SY_4640.JPG3D movies more expensive for consumers and theater owners.

Sony’s movie studio has told Knoxville-based Regal Entertainment Group and other theater owners that it will no longer pay the millions of dollars per film it costs to provide disposable glasses for 3D movies, according to a story in The Hollywood Reporter.

In response to Sony’s new policy, Regal CEO Amy Miles said Wednesday that the Regal is committed to holding down costs for its customers and may devote fewer screens to show Sony 3D movies.

The battle over who pays for 3D glasses comes at a time when theater owners face sluggish revenue growth and consumers struggle with high unemployment and a weak economy.

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Regal CEO makes Forbes ‘Power’ list

regal_MP_13099.jpgMovie theater operator Regal Entertainment Group Inc. received good play recently in a pair of national business magazines.

Forbes named Regal CEO Amy Miles one of the magazine’s “Power Women in the Wings,” a diverse list of up and coming women executives from around the world.

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