Cinemark signs deal to buy Rave Cinemas
Cinemark is expanding its reach again with is purchase of Rave Cinemas over the weekend. After Carmike purchased 16 of their screens last month, Cinemark is now buying everything else from the chain that reportedly brought in $228 million in revenue last year.
What will be the next chip to fall in this season of consolidation?
Read the full story in the Los Angeles Times.