Regal to buy Consolidated
The biggest just got bigger. Regal Entertainment Group is purchasing Charlotte-based Consolidated Theatres.
Regal Entertainment Group, the largest movie exhibitor in the United States, on Tuesday announced plans to acquire Charlotte-based Consolidated Theatres for about $210 million in cash, its biggest purchase in three years.
Consolidated operates 400 screens at 28 locations, including Charlotte’s Phillips Place Cinemas, Arboretum Cinemas and Park Terrace Cinema. Outside North Carolina, it has theaters in Georgia, Maryland, South Carolina, Tennessee and Virginia.
Knoxville-based Regal has a presence in all of those states. It has 6,355 screens in 526 locations in 39 states, operating as Regal Cinemas, United Artists Theatres and Edwards Theaters.
Read more in the Charlotte Observer.