M&A Deal Summary

Carmike Cinemas Acquires Phoenix Big Cinemas Management

On December 14, 2012, Carmike Cinemas acquired media company Phoenix Big Cinemas Management

Acquisition Highlights
  • This is Carmike Cinemas’ 3rd transaction in the Media sector.
  • This is Carmike Cinemas’ 3rd transaction in the United States.
  • This is Carmike Cinemas’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2012-12-14
Target Phoenix Big Cinemas Management
Sector Media
Buyer(s) Carmike Cinemas
Deal Type Add-on Acquisition

Target

Phoenix Big Cinemas Management

Knoxville, Tennessee, United States
Phoenix Big Cinemas Management LLC is an owns and operator of screens to digital cinema, utilizing Christie digital projectors from its own surplus inventory, as well as installing four 3-D screens at each respective location, in conjunction with 3-D technology partner RealD.

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Buyer(S) 1

Buyer

Carmike Cinemas

Columbus, Georgia, United States
Category Company
Founded 1986
Sector Media
Employees7,800
Revenue 804M USD (2015)
DESCRIPTION

Carmike Cinemas, Inc. is a digital cinema and 3D cinema deployments and motion picture exhibitors. Carmike has 276 theatres with 2,954 screens in 41 states. The circuit includes 55 premium large format (PLF) auditoriums featuring state-of-the-art technology and luxurious seating, including 32 "BigDs," 21 IMAX auditoriums and two MuviXL screens.

DEAL STATS #
Overall 3 of 6
Sector (Media) 3 of 6
Type (Add-on Acquisition) 1 of 4
State (Tennessee) 1 of 1
Country (United States) 3 of 6
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 Rave Reviews Cinemas - Art Theatres

Dallas, Texas, United States

Rave Reviews Cinemas LLC - Art Theatres includes 16 entertainment complexes with an aggregate of 251 screens based in seven states and 13 individual markets.

Buy $19M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-15 Digital Cinema Destinations

Westfield, New Jersey, United States

Digital Cinema Destinations Corp. is a operator of digital cinema, 3-D cinema deployments and one of the nation's largest motion picture exhibitors.

Buy -
Mergr

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