AMC and Cinemark might merge
According to an article on Variety’s website, there are rumors that the two of the three largest theater chains in America, privately held AMC Entertainment, Inc., and publicly owned Cinemark Holdings, might join forces and compete against Regal Entertainment Group.
Both circuits have hired new head film buyers — and both used to work together at Loews Theaters. Their boss at Loews was Travis Reid … who now sits on the board of AMC.
Bob Lenihan, most recently at Century Theaters, will head up film buying at AMC under the circuit’s new chief, former Starbucks exec Gerry Lopez.
Read the full story in Variety.