IBJNews

AMC sells Greenwood theater to Regal Entertainment

Back to TopCommentsE-mailPrintBookmark and Share

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.

ADVERTISEMENT

  • 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.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

ADVERTISEMENT