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AMC and Loews Cineplex in Merger Talks
posted by
rivest266
on
November 20, 2003 at 7:59 am
AMC Entertainment, whose theaters account for about 12 percent of domestic theater revenue — more than any other chain — is in talks to merge with Loews Cineplex Entertainment, which accounts for 4.6 percent of the market, published reports said today (Wednesday). Spokespersons for each chain declined to comment on the reports. A merger of the companies would face intense regulatory scrutiny inasmuch as the two chains currently closely compete in many large markets and in some cases have theater complexes situated in close proximity to one another.
Comments (2)
The best example of where AMC and Loews have complexes in proximity to each other is on 42nd Street, in the Times Square area of New York City — the AMC Empire 25 and the Loews E-Walk are directly across the street from each other!!!
Old news!