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transitional period until a new chief executive was employed—in addition to
Passman, the Office of the Chairman consisted of chief operating officer Fred Van Noy and chief financial officer Richard Hare. On June 4, 2009, the company announced that S. David Passman III was appointed president and chief executive officer, while board member, Roland C. Smith, succeeded Passman as Carmike's chairman of the board. Van Noy and Hare remained in their respective positions.
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502:, signed an agreement to sell 16 theaters with 251 screens to Carmike 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. This was Carmike's first foray into
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with 2,954 screens in 41 states, and was the fourth largest movie theater chain in the United States. The company billed itself as "America's
Hometown Theatre" and Carmike theaters were largely positioned in rural or suburban areas with populations under 200,000. The company's theaters operated under
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for just under $ 31.8 million in an acquisition that included Muvico's nine locations in
Florida, California and Illinois. Two Bogart's restaurants were also included in the sale and, after the sale closed at the end of 2013, the MuviXL screens was rebranded as "Carmike's BigD". Carmike's first-ever
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In
February 2017, AMC announced it would discontinue the Carmike name and re-brand all of its locations under either the AMC, AMC Classic, or AMC Dine-in banner. Most of Carmike's former locations were converted to the AMC Classic banner, which denotes smaller locations with fewer premium amenities
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On May 15, 2014, Carmike
Cinemas announced their purchase of Digital Cinema Destinations Corp., operating as Digiplex Destinations, in an all-stock transaction. Included in the deal were Digiplex's 21 open locations containing 206 screens, as well as 5 theaters in development with an additional 53
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bankruptcy protection in August 2000 after failing to make US$ 9 million in interest payments to bondholders—the company owed approximately US$ 650 million in debt. Since declaring bankruptcy, many theaters (mostly smaller single, twin and triple theatres) in inactive markets were closed down, and
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On July 18, 2013, Carmike
Cinemas announced that they would buy three more theatres from Rave Cinemas located in Louisville, Kentucky; Voorhees, New Jersey; and Hickory Creek, Texas. With this change, the Voorhees and Louisville locations switched to Screenvision from National CineMedia, while
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Carmike
Cinemas' board of directors removed Michael Patrick as its chief executive on January 20, 2009. S. David Passman III was selected as the non-executive chairman of the board. The board established an Office of the Chairman as a body that oversaw the company's strategic direction and the
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announced its intent to acquire
Carmike Cinemas. The deal was closed on December 21, 2016; Carmike locations were converted to the AMC brand in 2017, with the Carmike logo and slogan being repurposed for the new AMC Classic banner (which was adopted by smaller AMC locations with fewer premium
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screen, believed to be the largest in the US at the time. The Indian Hills was eventually demolished in August 2001 by its new owners, Methodist Health System, and replaced with a parking lot for the system's nearby hospital and nursing college. Actress
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Carmike was founded when Carl L. Patrick, Sr. acquired Martin
Theatres from Fuqua Industries in 1982. The company's name was derived from a combination of the first names of Carl L. Patrick, Sr.'s two sons, Carl Jr. and Michael, hence "Carmike".
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than the AMC and AMC Dine-In banners. Upon the change in banner, some locations also switched formats from second-run to first-run films, whilst maintaining lower ticket prices than competitors. The AMC Classic banner uses
Carmike's
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Carmike exited bankruptcy in January 2002, having successfully restructured its debts and operations. A judge approved the Chapter 11 plan, filed in October 2001, which involved payment of US$ 263 million of Carmike's bank loans.
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or relocated in areas with desirable market potential—most of these newer theaters are 10 screens or larger. The number of theaters owned or operated by the company dropped from 448 to just over 300.
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announced its intent to acquire Carmike Cinemas in a $ 1.1 billion deal, subject to regulatory and shareholder approval. The deal was completed on December 21, 2016. With the deal, AMC overtook
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acquired a 9.4 percent stake in Carmike Cinemas and, following a Securities and Exchange Commission (SEC) filing, Cuban explained that his interest was for investment purposes.
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In 1996, Carmike purchased Fox Theatres Corp. (which had 61 screens in their chain), and Maxi Saver Cinemas (which had 18 screens in their chain), both primarily in
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506:. The sale also included 7 IMAX screens. Before the sale Rave owned or managed 62 theaters and 939 screens located in 21 states across the country.
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Hickory Creek remains with Screenvision. The sale also included an eighth IMAX screen. The sale was closed on August 16, 2013.
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872:"Carmike Cinemas, Inc. : Carmike Cinemas to Acquire Three State-of-the-Art Theatres Totaling 52 Screens from Cinemark"
479:) for $ 66 million. The George Kerasotes Corporation was the result of a split with other family members who jointly owned
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In 2011, Carmike Cinemas acquired MNM Theatres, adding three locations (40 screens) in the Atlanta area. In October 2012,
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various names and generally had a name followed by the number of auditoriums at that location; for example, "Carmike 15".
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826:"Carmike Cinemas Completes Acquisition of Three Atlanta - Area MNM Movie Theatres With an Aggregate of 40 Screens"
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screens. The acquisition introduced Carmike to 4 new states: Arizona, Connecticut, Maryland, and New Hampshire.
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called the destruction of the theater "a crime" in a letter of support, and letters were also written by
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During bankruptcy, the company was forced to sell or close several historic theaters, including the
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933:"Carmike Cinemas to Acquire Nine Entertainment Complexes with 147 Screens from Muvico Theaters"
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951:"Carmike Cinemas to Acquire Digital Cinema Destinations Corp. in an All Stock Transaction"
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In 2005, Carmike purchased 30 GKC Theaters (263 screens) from Beth Kerasotes (the heir of
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California location, the Thousand Oaks 14 theater, was obtained in the acquisition.
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in Omaha, Nebraska, the latter of which contained a 70-foot (21 m) wide
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1064:"AMC's Deal for Carmike Cinemas Boosts Chinese Control of U.S. Theaters"
796:"Carmike Cinemas' CEO, president Michael Patrick resigns - Quick Facts"
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On October 6, 2015, Carmike Cinemas announced it agreed to acquire the
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1149:"Carmike 10 becomes AMC Classic, with first-run flicks at a discount"
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956:(Press release). Carmike Cinemas, Inc. May 15, 2014. Archived from
618:"AMC Entertainment CEO Talks Up Premium VOD & Rebranding Plans"
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693:"COMPANY NEWS; JUDGE APPROVES CHAPTER 11 PLAN FOR CARMIKE CINEMAS"
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1089:"Peachtree Mall theater now showing new movies at reduced prices"
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831:. c272342.r42.cf1.rackcdn.com. October 24, 2011. Archived from
1037:"AMC Deal for Carmike Would Create Biggest U.S. Theater Chain"
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857:"Carmike Cinemas to buy 16 theaters from Rave Review Cinemas"
770:"Billionaire Mark Cuban acquires stake in Carmike Cinemas"
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was an American motion picture exhibitor headquartered in
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908:"Cinemark Completes Required Divestiture of 52 Screens"
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Companies that filed for Chapter 11 bankruptcy in 2000
1012:"AMC Entertainment Closes Carmike Cinemas Acquisition"
544:as the United States' largest movie theater chain.
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984:"Carmike Agrees To Pay $ 36M For Sundance Cinemas"
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751:Carmike Cinemas board removes CEO Michael Patrick
1216:Defunct companies based in Georgia (U.S. state)
597:(November–December 1996). "What Is Strategy?".
513:On November 4, 2013, Carmike Cinemas purchased
1256:2016 disestablishments in Georgia (U.S. state)
1226:Entertainment companies disestablished in 2016
572:. Carmike Cinemas. 2016-03-03. Archived from
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1251:1982 establishments in Georgia (U.S. state)
1221:Entertainment companies established in 1982
891:: CS1 maint: numeric names: authors list (
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1241:Movie theatre chains in the United States
1186:Sundance Cinemas Official Site (archived)
117:Learn how and when to remove this message
347:. As of March 2016, the company had 276
1236:Companies formerly listed on the Nasdaq
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1010:Lieberman, David (December 21, 2016).
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1206:Companies based in Columbus, Georgia
776:. Associated Press. 30 December 2008
570:"Carmike Cinemas Investor Relations"
55:adding citations to reliable sources
1211:Former cinemas in the United States
376:. In 1997, Carmike partnered with
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802:. 20 January 2009. Archived from
759:. Retrieved on January 26, 2009.
749:Adams, Tony (January 21, 2009). "
439:in Salt Lake City, Utah and the
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663:Roman, Monica (11 April 1997).
42:needs additional citations for
910:. DailyFinance. Archived from
1:
1231:2016 mergers and acquisitions
719:"Historic Theater Threatened"
644:"Fuqua to Sell Theater Unit"
1181:investor website (archived)
1176:Official website (archived)
906:Aug, Updated (2013-08-16).
416:(a suburb of Chicago), and
231:December 21, 2016
207:; 42 years ago
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870:4-traders (18 July 2013).
542:Regal Entertainment Group
150:Carmike movie theater in
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756:Columbus Ledger-Enquirer
1153:Lexington Herald-Leader
1068:The Wall Street Journal
937:The Wall Street Journal
600:Harvard Business Review
402:West Valley City, Utah
665:"FUN, WAL-MART STYLE"
341:Carmike Cinemas, Inc.
130:Carmike Cinemas, Inc.
652:. February 26, 1982.
533:, for $ 36 million.
483:. In December 2008,
441:Indian Hills Theater
382:Hollywood Connection
51:improve this article
939:. November 4, 2013.
414:Valparaiso, Indiana
390:roller skating rink
152:Statesboro, Georgia
131:
1042:The New York Times
1016:Deadline Hollywood
989:Deadline Hollywood
982:Lieberman, David.
697:The New York Times
649:The New York Times
624:. 28 February 2017
622:Deadline Hollywood
595:Porter, Michael E.
536:On March 3, 2016,
481:Kerasotes Theatres
423:Carmike filed for
355:On March 4, 2016,
1112:AMC press release
806:on 10 August 2014
529:'s cinema chain,
500:Cinemark Theatres
398:video game arcade
345:Columbus, Georgia
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319:AMC Entertainment
223:Carl Patrick, Sr.
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66:"Carmike Cinemas"
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1201:AMC Theatres
1156:. Retrieved
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496:Rave Cinemas
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489:
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454:Kirk Douglas
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371:
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360:amenities).
357:AMC Theatres
354:
340:
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275:Headquarters
269:AMC Theatres
259:AMC Theatres
257:Acquired by
159:Company type
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49:Please help
44:verification
41:
874:. 4-Traders
462:Robert Wise
458:Janet Leigh
330:amctheatres
296:Area served
194:Predecessor
179:: CKEC
107:August 2014
1195:Categories
1158:2017-10-03
1098:2017-10-03
1049:2016-03-04
967:January 5,
918:2014-06-03
878:2014-06-03
842:2014-06-03
580:2016-03-04
556:References
550:trademarks
485:Mark Cuban
428:some were
425:Chapter 11
300:Primarily
235:2016-12-21
163:Subsidiary
77:newspapers
995:6 October
430:renovated
394:laser tag
265:Successor
171:Traded as
887:cite web
810:2 August
800:RTT News
780:2 August
735:2 August
724:CBS News
703:2 August
674:12 April
445:Cinerama
349:theaters
306:suburban
280:Columbus
184:Industry
1133:1 March
1073:4 March
669:Variety
628:1 March
378:Walmart
364:History
325:Website
284:Georgia
249:(brand)
245:2017-05
243: (
233: (
228:Defunct
220:Founder
210: (
202:Founded
91:scholar
314:Parent
177:Nasdaq
93:
86:
79:
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64:
961:(PDF)
954:(PDF)
836:(PDF)
829:(PDF)
308:areas
302:Rural
98:JSTOR
84:books
1135:2017
1075:2016
1023:2016
997:2015
969:2015
893:link
812:2014
782:2014
737:2014
705:2014
676:2020
630:2017
504:IMAX
392:, a
388:, a
332:.com
304:and
254:Fate
212:1982
205:1982
70:news
753:".
408:),
53:by
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