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M&A Deal Summary

Carmike Cinemas Acquires Rave Reviews Cinemas - Art Theatres

On October 1, 2012, Carmike Cinemas acquired media company Rave Reviews Cinemas - Art Theatres from Rave Reviews Cinemas for 19M USD

Acquisition Highlights
  • This is Carmike Cinemas’ 2nd transaction in the Media sector.
  • This is Carmike Cinemas’ 2nd largest (disclosed) transaction.
  • This is Carmike Cinemas’ 2nd transaction in the United States.
  • This is Carmike Cinemas’ 1st transaction in Texas.

M&A Deal Summary
Date 2012-10-01
Target Rave Reviews Cinemas - Art Theatres
Sector Media
Buyer(s) Carmike Cinemas
Sellers(s) Rave Reviews Cinemas
Deal Type Divestiture
Deal Value 19M USD

Target

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.

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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 2 of 6
Sector: Media M&A 2 of 6
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 6
Year: 2012 M&A 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-22 MNM Theatres - Three Movie Theatres

Atlanta, Georgia, United States

MNM Theatres, Inc. - Three Movie Theatres includes 40 screens in Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-14 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.

Buy -

Seller(S) 1

SELLER

Rave Reviews Cinemas

Dallas, Texas, United States
Category Company
Sector Consumer Services
DESCRIPTION

Rave Reviews Cinemas owns all-stadium seating, all-digital, 3D-equipped, megaplex cinemas with 10-18 screens per Complex, with a total of 342 screens across all 18 markets. Compared to sloped-floor cinemas, stadium cinemas improve the customer experience by offering unobstructed sight lines, larger screens, better projection quality, and more comfortable seating.

DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1
Size (of disclosed) 1 of 1
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