NEW YORK, Dec. 21, 2016 /PRNewswire/ -- Screenvision Media, a national leader in cinema advertising, today announced that upon the closing of the AMC Entertainment Holdings, Inc. (NYSE: AMC) acquisition of Carmike Cinemas (NASDAQ: CKEC), AMC will become a significant Screenvision Media exhibitor partner through its equity stake in the company as well as through a transfer of screens to the Screenvision Media exhibitor network.
Upon closing, Screenvision Media's network footprint will expand to 14,795 screens, inclusive of 384 screens through the required transfer of AMC locations per the Department of Justice's approval of the acquisition. The result bolsters Screenvision Media's network within key DMAs such as Atlanta, Chicago, Dallas, Los Angeles and San Francisco.
"We thank our friends at Carmike Cinemas for their valued contributions to both our company's growth over the past many years as well as to our Board," said John Partilla, CEO, Screenvision Media. "We look forward to continuing that relationship now with AMC through its Carmike acquisition and are excited about the numerous prospects that lie ahead. With the addition of these new screens in key U.S. advertising markets, Screenvision Media will offer its innovative pre-show and Connected Cinema experience to even more moviegoers."
"It has been a pleasure to work with the Carmike Cinemas team as they have been a significant force in growing and improving the quality of our exhibitor network," said Darryl Schaffer, EVP, Operations & Exhibitor Relations, Screenvision Media. "The AMC team will be instrumental to Screenvision Media as we roll out our new programming and technologies over the coming years and bring new solutions to all of our distinguished exhibitor partners."
ABOUT SCREENVISION MEDIA
Headquartered in New York, N.Y., Screenvision Media is a national leader in cinema advertising, offering on-screen advertising, in-lobby promotions and integrated marketing programs to national, regional and local advertisers and providing comprehensive cinema advertising representation services to top tier theatrical exhibitors presenting the highest quality moviegoing experience. The Screenvision Media cinema advertising network is comprised of over 14,300 screens in 2,300+ theater locations across all 50 states and 94% of DMAs nationwide; delivering through more than 150 theatrical circuits, including 6 of the top 10 exhibitor companies. For more information: http://screenvisionmedia.com/.
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SOURCE Screenvision Media