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maybe someone who worked there could solve this. If you look on the marquee on CinemaTour, you can see space for what was a 14th theatre.
Full press release:
AMC Entertainment Inc. and Loews Cineplex Entertainment Corporation Complete Merger
Kansas City, Missouri â€" January 26, 2006 â€" AMC Entertainment Inc. today announced that it has completed its merger with Loews Cineplex Entertainment Corporation, creating a worldwide leader in the theatrical exhibition industry. In accordance with the terms of the merger agreement governing the transaction, Loews Cineplex Entertainment Corporation has been merged into AMC Entertainment Inc., with AMC Entertainment Inc. continuing as the surviving corporation. Loews Cineplex Entertainment Corporation’s holding company, LCE Holdings, Inc., has similarly been merged into Marquee Holdings Inc., the holding company of AMC Entertainment Inc., with Marquee Holdings Inc. continuing as the holding company of the merged businesses.
The merged company will be called AMC Entertainment Inc. and will continue to be headquartered in Kansas City, Missouri. The company will have interests in approximately 415 theatres with 5,672 screens in 29 states and the District of Columbia and 11 countries outside of the United States. Peter C. Brown will remain chairman and chief executive officer, and the combined company will have approximately 24,000 associates serving more than 250 million guests annually.
As a result of the merger, approximately 60 percent of the outstanding capital stock of Marquee Holdings Inc. will be held by the existing shareholders and approximately 40 percent will be held by the former shareholders of Loews Cineplex Entertainment Corporation. Our significant shareholders include: affiliates of Apollo Management, L.P. (approximately 21 percent); affiliates of J.P. Morgan Partners, LLC (approximately 21 percent); affiliates of Bain Capital, LLC (approximately 15 percent); affiliates of The Carlyle Group (approximately 15 percent); affiliates of Spectrum Equity Investors (approximately 10 percent); and other co-investors and members of management (approximately 18 percent).
“This is a momentous day in the history of the theatrical exhibition industry,” Brown said. “AMC and Loews bring together more than 185 years of combined operating history with a shared commitment to providing guests with the best possible out-of-home entertainment experience. We look forward to many years of continued growth, innovation and the opportunity to serve our guests.”
Travis Reid, former Loews Cineplex Entertainment Corporation president and chief executive officer will serve as a member of the board of Marquee Holdings Inc., and will be available on a consulting basis to assist with the transition and integration process.
“This merger creates one of the biggest and best movie theatre companies in the world,” Reid said. “Associates of both Loews and AMC should take pride in contributing to the birth of this great new company. The Loews team has been working alongside AMC for the past several months to help position the new company for a seamless integration, and I applaud Peter and his leadership team for their dedication to the successful completion of the merger.”
While the full integration process will take a few months, the new entity will immediately honor all gift cards, gift certificates and group tickets previously issued or purchased from AMC or Loews.
In connection with the completion of the merger, AMC Entertainment Inc. repurchased $315 million in aggregate principal amount, or 100 percent, of Loews Cineplex Entertainment Corporation’s outstanding 9 percent Senior Subordinated Notes due 2014 that were tendered in the tender offer and consent solicitation launched December 21, 2005; issued $325 million in aggregate principal amount of 11 percent Senior Subordinated Notes due 2016; and refinanced $850 million in aggregate principal amount of the senior credit facilities of AMC Entertainment Inc. and Loews Cineplex Entertainment Corporation.
About Marquee Holdings Inc. and AMC Entertainment Inc.
Marquee Holdings Inc. is a holding company that conducts its business through its subsidiary AMC Entertainment Inc. AMC Entertainment Inc. is a worldwide leader in the theatrical exhibition industry. With a history of industry leadership and innovation dating back to the early 1900s, the company today serves more than 250 million guests annually through interests in 415 theatres and 5,672 screens in 12 countries including the United States. The company is headquartered in Kansas City, Missouri. Additional information is available online at www.amctheatres.com
About Apollo Management, L.P.
Apollo Management, L.P., founded in 1990, is among the most active and successful private investments firms in the United States in terms of both number of investment transactions completed and aggregate dollars invested. Since its inception, Apollo has managed the investment of an aggregate of approximately $13 billion in equity capital in a wide variety of industries, both domestically and internationally, and is currently managing Apollo Investment Fund VI, L.P., its most recent fund with committed capital of $10.1 billion.
About J.P. Morgan Partners, LLC
J.P. Morgan Partners, LLC (JPMP) is a leading private equity firm with approximately $10 billion in capital under management as of December 31, 2005. Since its inception in 1984, JPMP has invested over $15 billion worldwide in consumer, media, energy, industrial, financial services, healthcare, hardware and software companies. With more than 75 investment professionals in five principal offices throughout the world, JPMP is an experienced investor in companies with worldwide operations. JPMP is a private equity division of JPMorgan Chase & Co. (NYSE: JPM), one of the largest financial institutions in the United States, and is a registered investment adviser with the Securities and Exchange Commission.
About Bain Capital
Bain Capital (www.baincapital.com) is a leading global private investment firm that manages several pools of capital including private equity, venture capital, public equity and leveraged debt assets with more than $27 billion in assets under management. Since its inception in 1984, Bain Capital’s private equity team has made investments and add-on acquisitions in over 230 companies around the world, including such leading media, entertainment and publishing companies as Warner Music Group, ProSieben SAT1 Media AG, Houghton Mifflin, Advertising Directory Solutions, and Artisan Entertainment. Headquartered in Boston, Bain Capital has offices in New York, London, Munich, Hong Kong, Shanghai and Tokyo.
About The Carlyle Group
The Carlyle Group is a global private equity firm with $35 billion under management. Carlyle invests in buyouts, venture capital, real estate and leveraged finance in Asia, Europe and North America, focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, healthcare, industrial, technology & business services and telecommunications & media. Since 1987, the firm has invested $14.9 billion of equity in 439 transactions for a total purchase price of $51.9 billion. The Carlyle Group employs more than 630 people in 14 countries. In the aggregate, Carlyle portfolio companies have more than $30 billion in revenue and employ more than 131,000 people around the world. Visit www.carlyle.com for additional information.
About Spectrum Equity Investors
Spectrum Equity Investors (www.spectrumequity.com) is a private equity firm specializing in investments in established companies in the media, communications, entertainment, and information and business services industries. Spectrum manages private equity funds representing $4 billion in committed capital. Representative investments include CBD Media, Classic Media, Eutelsat, Loews Cineplex Entertainment, MyFamily, and Risk Metrics.
Melanie Bell, AMC Theatres
Index of Press Releases
Its officially done now: http://merger.amctheatres.com/
Loews signed a lease to build a new Theatre in Monterey Park. I wonder now if its going to be an AMC design since construction hasnt started yet. This theatre would only close an older outdated AMC Montebello 10 about 5 miles away I would assume.
Mark – I can see AMC Continuing operation at the Beverly Center, even though they already exited Beverly Hills not once, but twice.
Its also in West Covina, not Covina.
The Chain was SoCal Theatres.
This theatre closed for good around 1999. For years after closing it was a church. The city of West Covina, is planning to tear down the theatre, and all surrounding businesses, for a supermarket center.
2504 E. Workman Avenue is the correct address of the theatre
AMC Covina 30 which is of a different design has only about 4500 seats. Most of the auditoriums are only 75-100 seats with 4 in the 250 range, 2 in the 380 range, and 2 in the 500 range.
Joe, the Kmart opened when I was young. I beleive in the early 80s cause I remember it opening. This Kmart only lasted a few years and was closed by the late 80’s, becoming a Builders Square store for a few years, then closing in the early 90s. It was vacant for several years before a Chinese supermarket moved in by the mid 90’s. I remember seeing them gut out the store, and they still had the Builders Square interior still there.
Thanks Bill. I do recall the inside theatre. It was kind of in between May Company and JCPenney (I only recall this mall having two anchors). I only went to it a handful of times before it closed.
This theatre closed prior to the renovation of the mall in the mid 90’s. It was replaced by the UA 11 plex down by Macys. The location today is filled by The Finish Line. The Main Part of the store in the back is where the auditoriums were. It was a typical shoebox. I went there before the theatre closed.
Was this the outside the City Mall, near JCPenney / The City Tower?
The space that was once the theatre is now a DSW Shoe Warehouse
Oh, and yes, its still closed.
This theatre is still there. Marquee and all. It closed not long after the opening of the Edwards West Covina 18 down the street, and the AMC Covina 30. I want to say it closed around 1997, along with the Eastland 5 a year or two later (both were owned by SoCal Theatres).
I beleive this theatre is still there.
I drove by this block and when in the parking lot of the Washington Mutual building across the street, I noticed what looked like a stage house in the back of the building. From the front, you can tell that its not the original facade, but there is only a set of center doors to enter teh building.
I have looked at it on Google Earth, and you can see something that looks like a stage house and the roof that looks like it could angle where the seats are.
I have uploaded a pic of it here from Google Earth.:
After the selling of both AMC’s in San Francisco, they will re-enter the market when they take over the Metreon. So keep the cards and points, you will still need them for the Metreon.
I would like to know what lurks upstairs beyond the door next to the concession stand. The original staircase to teh upper lobby is still there, along with what I beleive to be the two doorways into the old lobby. The back of the theatre there is used today as a game room. The old theatre was cut into two and two theatres built into it. Six additional screens were built in the back of the old one. This theatre has stadium seating in all 8 screens, and the two large houses have really good sound.
The hall to the theatres im thinking could have been most likely part of the original auditorium.
Yea, the status on this theatre should be OPEN. It is a 2nd run
Here is a satellite look at the old AMC 4 in 1994, and the Regal in 2005.
I had made a comment on this, why was it deleted?
Anyhow, this theatre was located in the East End of what used to be the La Habra Fashion Square. When the mall was closed, the entire area except for the outbuildings and the theatre were torn down.
The theatre lived into the new center. After AMC Closed the theatre in 1992, Krikorian Premiere Theatres ran the cinema for a few years, then was sold to Regal Theatres, which bought most of Krikorian’s theatres.
Regal closed the theatre and built the stadium next to it. Today, the parking lot on the side of the Regal is where the old AMC once stood.
Dont forget that on the west end of the valley, this theatre had competition from AMC’s Promenade 16, and just north of it there was the Mann Plant 16.
This theatre lasted a long time.
Picture of the sign there.
was this theatre an AMC at one point in its early life?