my profile | my password | search | faq & rules | forum home

» Film-Tech Forum ARCHIVE   » Operations   » Ground Level   » AMC and Loews? (Page 1)

This topic comprises 2 pages: 1  2

Author Topic: AMC and Loews? Bryan Fournier Film Handler Posts: 61 From: Greensboro, NC Registered: Dec 1999 posted 11-16-2003 11:17 PM                     Any truth to the rumor AMC may be trying to aquire Loews Cineplex. Seems logical in an attempt to compete with Regal.  |  IP: Logged Dennis Benjamin Phenomenal Film Handler Posts: 1445 From: Denton, MD Registered: Feb 2002 posted 11-17-2003 11:32 AM                        Hmmm. Interesting - I heard this same rumor yesterday.....  |  IP: Logged Steve Guttag We forgot the crackers Gromit!!! Posts: 12814 From: Annapolis, MD Registered: Dec 1999 posted 11-17-2003 12:42 PM                     I've heard the same rumor...I don't think it will pass muster in terms of anti-trust...heck the Ziegfeld in New York was a casulty of the last merger on the Cineplex front of Loews and Cineplex. AMC just aquired GCC... Things are bad enough with LCE, REG and AMC dominating the industry...do they really need to compete less? Steve  |  IP: Logged Robert D. LaValley Film Handler Posts: 58 From: Florida Registered: Aug 2003 posted 11-17-2003 02:32 PM                     I heard that Regal was in the process of trying to merge with Cinemark but Hollywood was pressing th government to stop this from happening becuase Regal would then have all the power to play whatever they wanted in the US. Major major Monopoly. Why wouldn't AMC be let to merge with loews? Regal has more screens anyway.. so they wouldn't be a total monopoly.. they still have competion.. Now if AMC merged with Regal.. that could be interesting. Eventually Regal will just own everything. *laughs*  |  IP: Logged Franklin Armstrong Expert Film Handler Posts: 106 From: Orlando, FL, USA Registered: Sep 2002 posted 11-17-2003 05:14 PM                     the rumor i heard it as "Loews Cineplex may be trying to aquire AMC".  |  IP: Logged Martin Brooks Jedi Master Film Handler Posts: 900 From: Forest Hills, NY, USA Registered: May 2002 posted 11-17-2003 05:34 PM                        I was going to write that this would never pass muster in NYC, but there are only two AMC theaters in NYC - the AMC Empire 25 on 42nd St and the Bay Plaza 13 in the Bronx. There are no Loews Cineplex theaters in the Bronx. The Attorney General might have a problem with Loews owning both sides of the street on 42nd St., but they could always sell off the Loews E-Walk 13 to keep the AMC 25 across the street. When Loews merged with Cineplex Odeon, they were forced to sell a group of theaters to what became Clearview. With the exception of the 34th St Showplace, all of the theaters sold to Clearview were formerly Cineplex-Odeon theaters. Five of those theaters (10 screens) that went to Clearview are now closed: 59th St East, Olympia Twin, Waverly Twin (soon to be an IFC 3), Park & 86th Twin and the 34th St. Showplace Triplex. Since the merger of Regal and UA was permitted, I don't see anyone stopping AMC and Loews from merging.  |  IP: Logged Darryl Spicer Film God Posts: 3250 From: Lexington, KY, USA Registered: Dec 2000 posted 11-17-2003 06:53 PM                    quote: I heard that Regal was in the process of trying to merge with Cinemark but Hollywood was pressing th government to stop this from happening becuase Regal would then have all the power to play whatever they wanted in the US. Major major Monopoly. I dougt that is anywhere near true. Cinemark will not merge with anyone unless they have control over what goes on in the home offices. And the issues of domination in markets with one company would definently be an issue in some areas.  |  IP: Logged Bobby Henderson "Ask me about Trajan." Posts: 10973 From: Lawton, OK, USA Registered: Apr 2001 posted 11-17-2003 07:39 PM                     Isn't Cinemark one of the few "profitable" circuits? Why would they have any need to merge with anyone? It seems like they kick quite a lot of ass in the markets they move into (such as their takeover of the Colorado Springs market). Well, at least Cinemark was in the black the last time I checked (when all those other circuit bankruptcies were getting filed --such as AMC, Carmike, etc.).  |  IP: Logged Zach Zagar Film Handler Posts: 45 From: Jefferson City, MO Registered: Mar 2000 posted 11-18-2003 12:18 AM                        I may be way wrong, but I thought Cinemark filed first, and that would be why they got out of bankruptcy first. Also, did AMC ever file? I don't recall hearing that.  |  IP: Logged Dustin Mitchell Phenomenal Film Handler Posts: 1865 From: Mondovi, WI, USA Registered: Mar 2000 posted 11-18-2003 12:22 AM                     Carmike was the first major to file. I'm not sure if they were the first to emerge from bankruptcy though.  |  IP: Logged Paul Konen Jedi Master Film Handler Posts: 981 From: Frisco, TX. (North of Dallas) Registered: Jun 99 posted 11-18-2003 08:49 AM                     Cinemark never filed during that spell. The company tightened the belts on the theatres by TWO notches. Labor, expenses were watched very carefully. Of course, customer service took a hit but the company made out fairly well.  |  IP: Logged Charles Everett Phenomenal Film Handler Posts: 1470 From: New Jersey Registered: May 2001 posted 11-18-2003 06:06 PM                     A big puzzlement if you ask me. AMC is committed to megaplexes while Loews has a number of smaller-yet-profitable multiplexes. AMC did try to build opposite Loews in New Jersey but backed off. That particular Loews is at the huge Jersey Gardens outlet mall in Elizabeth -- and it's come into its own after a slow start. The way things are right now I see an AMC-Loews union as blowing smoke. Just like whatever hype is passed to Liz Smith for her newspaper column.  |  IP: Logged Jonathan M. Crist Jedi Master Film Handler Posts: 531 From: Hershey, PA, USA Registered: Apr 2000 posted 11-18-2003 06:28 PM                     Lawerence Tisch the head of Lowe's died over the past weekend. I can imagine his estate may be ready to sell.  |  IP: Logged Darryl Spicer Film God Posts: 3250 From: Lexington, KY, USA Registered: Dec 2000 posted 11-18-2003 07:04 PM                    Did he have controling stock because the last I heard Sony still held principle stock unless that has changed when the Loews cineplex merger took place.  |  IP: Logged Daryl C. W. O'Shea Film God Posts: 3977 From: Midland Ontario Canada (where Panavision & IMAX lenses come from) Registered: Jun 2002 posted 11-18-2003 07:34 PM                        Onex (Canada's 4th largest company) has 51% ownership and 97% voting rights in the Loews Cineplex Group. Onex took ownership of Loews in 2001 by paying off their debt and restructuring the company to get it out of chapter 11. The AMC - Loews rumours have been going around for a few weeks, so they likely aren't based on Tisch's recent passing. It's more likely they are based on somebody's speculation inspired by the recently announced (early October) spin-off of Cineplex Odeon Corporation and Galaxy Entertainment.  |  IP: Logged

All times are Central (GMT -6:00)

This topic comprises 2 pages: 1  2

Printer-friendly view of this topic

Hop To: Select a Forum: Category: Operations -------------------- Digital Cinema Forum Film Handlers' Forum Large Format Forum Ground Level Feature Info, Trailer Attachments & REAL Credit Offsets Category: Community -------------------- Film-Yak Film Handlers' Movie Reviews The Afterlife Bob Maar's Joke-A-Thon Category: Classified -------------------- Equipment and Supplies Wanted/For Sale Help Wanted/Seeking Employment Category: System -------------------- Software Beta Testing Forum

The Film-Tech Forums are designed for various members related to the cinema industry to express their opinions, viewpoints and testimonials on various products, services and events based upon speculation, personal knowledge and factual information through use, therefore all views represented here allow no liability upon the publishers of this web site and the owners of said views assume no liability for any ill will resulting from these postings. The posts made here are for educational as well as entertainment purposes and as such anyone viewing this portion of the website must accept these views as statements of the author of that opinion and agrees to release the authors from any and all liability.