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AMC sells Greenwood theater to Regal Entertainment

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Regal Entertainment Group has acquired Greenwood Park 14 in Indiana from AMC Entertainment Holdings Inc. along with eight other movie theaters in Illinois and Colorado.

Financial terms of the sale were not disclosed, but Knoxville, Tenn.-based Regal swapped cash and two theaters in exchange for the AMC properties.

AMC was ordered by the U.S. Justice Department to divest the properties in order to proceed with its $275 million deal to buy 93 theaters operated by Chicago-based Kerasotes Showplace Theatres.

Kansas City-based AMC , the second-largest U.S. movie theater owner, still must divest AMC Castleton Square 14 or Kerasotes Showplace 12 Glendale Town on the north side of Indianapolis to comply with Justice Department requirements.

Regal is the largest motion picture exhibitor in the world, with more than 6,700 screens in 38 states operating under the names of Regal Cinemas, United Artists Theatres and Edwards Theatres. The company already has six theaters in Indiana, including five in the Indianapolis area.

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  • regal
    this is a kid unfriendly place, cost high, nokids drinks, popcorn size.get real in the times we are living. i now drive out of my way to canary creek in franklin, they have clean and kids friendly place. boo, on regal five star BAD RATING
  • bad popcorn!!!
    We go to the Movies about 1-2 times a week...I Love Movies!!! I will miss Kerasotes popcorn!!! AMC pop's their popcorn somewhere else and ships it to the theatre via "plastic bag". Kerasotes popcorn was always popped fresh and was great!!! We live about 2 minutes from AMC Greenwood and always drove the 20 minutes to Kerasotes Theatre because of the seats and popcorn. I will try out the "New" Regal Theatre (bought from AMC Greenwood)and see if the popcorn is good. I know with AMC moving into the Kerasotes location they will change to the "BAD" popcorn. :( If Regal Greenwood popcorn isn't good, then we will just have to drive 40 minutes to the Rave Theatre in Plainfield, they have great popcorn like Kerasotes!!! New AMC slogan..."If you can't beat them...buy them out."
  • Confused
    I remember getting free refills on popcorn and drinks at AMC and we never buy the largest popcorn....
  • Cautiously Optimistic
    I knew this was going to happen. I just hope they do some sound upgrades to Showplace 16. While it has always been my preferred theater, it sometimes seems pretty muddled.

    Considering how many calories are in popcorn and the accompanying "buttery" topping, I don't think unlimited refills going away is a bad thing. I've never understood anyone who would get up from a movie they paid $9 for to go get a refill anyway. If anything, I'm going to miss the White Cheddar topping that Kerasotes has started to offer.

    As a $5 club member, I've gotten a questionnaire on how they should proceed. Maybe it will turn out.
  • Yep, goodbye little sheba!
    I am afraid that refills for any size popcorn and drink are going the way of little Sheba. Large size refills only, just like every other theater chain in town. Also, the $5 buck club will be a sorely missed perk for frequent movie watchers. Kerasotes, we will miss you, but your convenient locations will still demand our attention, regardless of the name on the building. It just won't be the same though.
  • Will miss Kerasotes
    I will miss Kerasotes, in Indianapolis. The chain seemed family friendly in pricing and refills. I doubt that will continue with the AMC behemoth.

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  1. If what you stated is true, then this article is entirely inaccurate. "State sells bonds" is same as "State borrows money". Supposedly the company will "pay for them". But since we are paying the company, we are still paying for this road with borrowed money, even though the state has $2 billion in the bank.

  2. Andrew hit the nail on the head. AMTRAK provides terrible service and that is why the state has found a contractor to improve the service. More trips, on-time performance, better times, cleanliness and adequate or better restrooms. WI-FI and food service will also be provided. Transit from outlying areas will also be provided. I wouldn't take it the way it is but with the above services and marketing of the service,ridership will improve and more folks will explore Indy and may even want to move here.

  3. They could take the property using eminent domain and save money by not paying the church or building a soccer field and a new driveway. Ctrwd has monthly meetings open to all customers of the district. The meetings are listed and if the customers really cared that much they would show. Ctrwd works hard in every way they can to make sure the customer is put first. Overflows damage the surrounding environment and cost a lot of money every year. There have been many upgrades done through the years to help not send flow to Carmel. Even with the upgrades ctrwd cannot always keep up. I understand how a storage tank could be an eye sore, but has anyone thought to look at other lift stations or storage tanks. Most lift stations are right in the middle of neighborhoods. Some close to schools and soccer fields, and some right in back yards, or at least next to a back yard. We all have to work together to come up with a proper solution. The proposed solution by ctrwd is the best one offered so far.

  4. Fox has comments from several people that seem to have some inside information. I would refer to their website. Changed my whole opionion of this story.

  5. This place is great! I'm piggy backing and saying the Cobb salad is great. But the ribs are awesome. $6.49 for ribs and 2 sides?! They're delicious. If you work downtown, head over there.

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