IBJNews

  • Home

Kerasotes planning to sell theaters to AMC

 IBJ Staff and Associated Press
January 20, 2010
Keywords
Arts & Entertainment, etc., IMAX, Movies, Theater
Back to TopCommentsE-mailPrint

The nation's sixth-largest movie house chain, Kerasotes Showplace Theatres, says it has reached agreement to sell most of its 96 theaters to AMC Entertainment Inc. of Kansas City.

The companies indicated Tuesday they expect to complete the sale this summer.

Kerasotes, which began with a single nickelodeon in Springfield, Ill., in 1909, now has theaters in Illinois, Indiana, Iowa, Missouri, Wisconsin, Ohio, Minnesota, Colorado, California, and New Jersey for a total of 957 screens.

Kerasotes CEO Tony Kerasotes said Tuesday he and brother, Dean, would continue to own and operate new ICON concept theaters in Chicago and Minneapolis, as well as one theater in Secaucus, N.J.

AMC, the nation's second-largest theater chain, has more than 305 theaters and 4,574 screens in five countries.

Kerasotes has four theaters in the Indianapolis area; AMC has two.

Terms of the deal, which is subject to regulatory review, were not revealed.

ADVERTISEMENT

  • What???
    LunaMarch 29, 2010 2:44 PM
    No this is really bad. I have been to MANY theatres in search of good popcorn and butter and I have NOT found another like Kerasotes. Not to mention the $5 buck club is the only reason I can go with my family to see a movie in these times.
    Reply to CommentFlag Comment
  • I'm depressed
    BevFebruary 5, 2010 11:41 AM
    Kerasotes is my favorite theatre. I love the early morning weekend discount and the $5 club. AMC offers very little with their club card. I really hate to see this happen. Looks like my loyalty may switch to Regal!
    Reply to CommentFlag Comment
  • Drats!
    DaveJanuary 27, 2010 12:42 PM
    Yes indeed - AMC blows! Kerasotes is the Escalade and AMC is the Chevy. Yes the $5 Club is (was?) nice!
    Reply to CommentFlag Comment
  • FYI
    CoryJanuary 22, 2010 4:31 PM
    Indy based Duke Realty's construction division built the new ICON concept theater mentioned above in Minneapolis.
    Reply to CommentFlag Comment
  • Stop the merger madness
    Firewoman1220January 20, 2010 4:11 PM
    First my fave candy, Cadbury sold to Hershey and now my fave movie theatre to AMC. I hate all this merging. Kent - the $5 Club is awesome! I wonder how long it will take AMC to discontinue that program?
    Reply to CommentFlag Comment
  • Bummer
    KentJanuary 20, 2010 1:11 PM
    This is really too bad. We've enjoyed this chain. Kerasotes has the awesome $5 club and the concession stand is the best in the industry. AMC blows.
    Reply to CommentFlag Comment

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.

ADVANCED SEARCH
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. If a television station wants to improve viewership, get rid of the local blackout. I was born by the brickyard, and have attended 15 or more races. I have children now, I won't attend unless circumstances are perfect. As those with growing families know, they never are. I'm always impressed that upwards of 250,000 people attend the 500. However, as a growing, or, more apt, sprawling city, Indianapolis and its immediate suburbs count almost 2.2 million. Show the race live, let the venue get a kick-back on revenues, and open-wheel racing might have a fighting chance to be relevant again. Just in time for those tax-payer lights to make sense.

  2. John Moore, I too have had the same issue recently. A property next to my house was on the Land Bank and I was interested in purchasing. When I tried to contact Reggie, I got back emails that had nothing to do with what I asked about. Actually my latest response from him was on this past Friday. I had asked about how to buy the property and if it was still available. His response to me was to contact the mayor's office to get the schedule of his appearances. (???) Hopefully the city is able to do something to fix what this guy has done, it would be nice if they would take the properties back and sell them properly so land owners like me and you mother would have a fair chance.

  3. I too work in the industry, with over 25 years of experience and your political spin has probably nothing to do with any rebranding. "Let's dress it up" would have nothing to do with the government "telling us how and what to eat." Give it a political rest. And being a producer for a radio show doesn't mean you've been involved in advertising and branding for 30 years.

  4. Ms. Morris did not understand the ways of the business world, otherwise, like the IMS, she could have petitioned the State Legislature for a handout of State Funds for her charity work. Ms. Morris should consider becoming a state lobbyist for Lemonade Stand Operators.

  5. David Copperfield!

ADVERTISEMENT