Carmike Cinemas Acquires Two Theatres

COLUMBUS, Ga.--(BUSINESS WIRE)--Carmike Cinemas, Inc. (NASDAQ: CKEC) (“Carmike”), a leading digital cinema, alternative programming and 3-D motion picture presenter, today announced that it has entered into definitive purchase agreements under which Carmike acquired two movie theatres from a subsidiary of AMC Entertainment Holdings, Inc. (NYSE: AMC) ("AMC")" for a total of $5.4 million in cash. The transactions simultaneously closed upon signing of the purchase agreements. AMC recently acquired these theatres from Starplex Cinemas (“Starplex”) and sold them to Carmike pursuant to a Consent Order with the Department of Justice in connection with its review and approval of the AMC/Starplex transaction. Upon completion of these two transactions, Carmike now operates 275 theatres with 2,942 screens across 41 states.