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{{Short description|American movie theater chain}}
{{Use mdy dates|date=July 2023}}{{Update|financial and employee information in the infobox|date=July 2022}}
{{Infobox company
| name = Cinemark Holdings, Inc.
| logo =Cinemark Logo.svg
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NYSE|CNK}}|[[S&P 600]] component}}
| ISIN = {{ISIN|sl=n|pl=y|US17243V1026}}
| founded = {{start date and age|1984|2|6}}
| founder = [[Lee Roy Mitchell]]
| hq_location_city = [[Plano, Texas|Plano]], [[Texas]]
| brands = {{ubl|CinéArts|Cinemark|Cinemark XD}}
| hq_location_country = [[United States]]
| locations = 516
| num_locations_year = March 2023
| key_people = {{ubl|Lee Roy Mitchell (Chairman)|Sean Gamble (President and CEO since Jan. 2022)}}
| subsid = {{ubl|[[Century Theatres]][[Rave Cinemas]]}}
| revenue = {{increase}} {{US$|2.45 billion}}
| revenue_year = 2022
| operating_income = {{increasenegative}} −{{US$|90 million}}
| income_year = 2022
| net_income = {{increasenegative}} −{{US$|268 million}}
| net_income_year = 2022
| assets = {{decrease}} {{US$|4.82 billion}}
| assets_year = 2022
| equity = {{decrease}} {{US$|120 million}}
| equity_year = 2022
| num_employees = {{circa|18,100}}
| num_employees_year = 2022
| website = {{url|cinemark.com}}
| footnotes = <ref name=cinemark-about>{{cite web |url=https://www.cinemark.com/contact-us |title=Contact the Cinemark Home Office}}</ref><ref name="xbrlus_1">{{cite web |title=Cinemark Holdings, Inc. 2022 Annual Report Form (10-K) |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1385280/000095017023004235/cnk-20221231.htm |publisher=[[U.S. Securities and Exchange Commission]] |date=February 24, 2023}}</ref><ref>{{Cite web |title=Cinemark Holdings |url=http://fortune.com/fortune500/cinemark-holdings/ |website=[[Fortune (magazine)|Fortune]] |access-date=2019-03-17}}</ref>
}}

'''Cinemark Holdings, Inc.''' (stylized as '''CineMark''' from 1998 to 2022 and '''CINEMARK''' since 2022) is an American [[movie theater]] chain that started operations in 1984 and since then it has operated theaters with hundreds of locations throughout the [[Americas]]. It is headquartered in [[Plano, Texas]], in the [[Dallas–Fort Worth metroplex|Dallas–Fort Worth]] area. Cinemark is a leader in the theatrical exhibition industry with 521 theatres and 5,855 screens in the U.S. and Latin America as of June 30, 2022. It is the largest movie theatre chain in [[Brazil]], with a 30 percent market share.<ref>{{cite web |title=Sobre nós - Cinemark Cinemas |url=http://www.cinemark.com.br/cinemark/cinemark-brasil/institucional |publisher=Cinemark Brazil |access-date=12 April 2018}}</ref>

Cinemark operates theaters under several brands, including its flagship Cinemark, [[Century Theatres]], Tinseltown, CinéArts and [[Rave Cinemas]].<ref name="cinearts">[http://cinemark.com/cinearts.asp CinéArts]. {{Webarchive|url=https://web.archive.org/web/20081208094258/http://www.cinemark.com/cinearts.asp |date=2008-12-08 }}.</ref>

In May 2021, Cinemark struck agreements to show films from some of its major Hollywood studio partners, including [[Warner Bros.]], [[Walt Disney Studios (division)|Walt Disney Studios]], [[Paramount Pictures|Paramount]], and [[Sony Pictures Entertainment|Sony Pictures]].<ref>{{Cite web |last=Lang |first=Brent |date=2021-05-07 |title=Cinemark Signs New Theatrical Deals With Five Major Studios |url=https://variety.com/2021/film/news/cinemark-theater-deals-vod-studios-1234968717/ |website=[[Variety (magazine)|Variety]] |language=en-US |access-date=2021-05-07}}</ref> The goal of the move is to establish how long movies will play in theaters before being available for home video.<ref name=":0">{{Cite news|last=Grossman|first=Dave Sebastian and Matt|date=2021-05-07|title=Cinemark Reaches Deals With Hollywood Studios to Show Movies|language=en-US|work=[[The Wall Street Journal]] |url=https://www.wsj.com/articles/cinemark-reaches-deals-with-hollywood-studios-to-show-movies-11620397200|access-date=2021-05-07|issn=0099-9660}}</ref>

==History==
[[File:Cinemark Rockwall.jpg|right|300px|thumb|Cinemark 12 Rockwall at The Harbor in Rockwall, Texas in April, 2010. This was expanded in 2019 and is now Cinemark 14 Rockwall and XD.]]
[[File:Cinemark Front Row Joe Policy Trailer (1988).ogv|thumb|left|thumbtime=00:06|First policy trailer for Cinemark Theatres.]]
[[File:Cinemark logo.svg | thumb|250x250px | right| Former logo used from 1998 to 2022, used on its international branches until 2023]]
Cinemark was started by [[Lee Roy Mitchell]] as a chain of theatres in [[California]], [[Texas]] and [[Utah]].<ref>{{cite web|publisher=Corporate Office HQ |url=http://corporateofficehq.com/cinemark-theatres-corporate-office/ |title=Cinemark Corporate Office |access-date=April 5, 2017 }}</ref> It is unclear when Cinemark was first founded. While Cinemark officially claims to have launched in 1984 (and previously claimed a 1983 founding date), online records show Cinemark might have started as early as 1977. The roots of the company date back to the 1960s when brothers J.C. and Lee Roy Mitchell created Mitchell Theatres, Inc.<ref>"Interstate Purchases New Drive-In Theatre." ''Waco News Tribune'', February 9, 1966, p. 5.</ref> By 1972, the company was named Texas Cinema Corporation. Lee Roy Mitchell then formed a group of theaters under the Cinemark name beginning in 1977. Cinemark Corporation and Texas Cinema Corporation merged operations in June 1979 creating a portfolio of 25 theaters in Texas and New Mexico under the Cinemark brand.<ref>"Realty Insight." ''Dallas Morning News'', June 17, 1979, p. 4B.</ref> On March 26, 1980, [[Henry G. Plitt]] of [[Plitt Theatres]] Holdings purchased the Cinemark circuit of theaters.<ref>"Cinemark Bought by Plitt Theaters." ''Fort Worth Star-Telegram'', March 12, 1980, p. 28.</ref> But Cinemark Corporation continued operations acquiring existing theaters and began to build new theaters. In 1987, Cinemark acquired all of the Plitt Theatres.

With the opening of the Movies 8 on 3912 Hampton Road in [[Texarkana, Texas]] in 1987, Cinemark began building theaters with colorful interiors and large [[video game]] arcades. Legal advertisements indicate that the company known as Cinemark USA, Incorporated, officially began December 31, 1987.<ref>"Fictitious Business Name Statement." ''San Bernardino County Sun'', October 12, 1988, p. 33.</ref> The following year, Cinemark introduced its [[Front Row Joe]] [[mascot]] created by independent animation studio Wilming Reams Animation. This [[animation|animated]] [[cat]] appeared in policy trailers and on kids' concession products.<ref>{{cite web|publisher=Cinelog |url=http://cinelog.org/cinelog/2011/02/12/the-golden-era-of-cinema-mascots/ |title=The Golden Era of Cinema Mascots |access-date=April 5, 2017 }}</ref> The mascot was retired in 1998 when Cinemark had begun to open [[Art Deco]]-style theatres, and was revived in 2004 for its 20th anniversary, and again in 2018 with a CGI look, darker orange color and the beige color being added. In 1992, Cinemark opened a new theater concept called Hollywood USA in [[Garland, Texas]]; this concept was subsequently refined into the Tinseltown USA brand of theaters, which were much bigger than what Cinemark had previously built. The following year, Cinemark expanded to [[Latin America]] with the opening of a theater in [[Santiago]], [[Chile]]. The next year, Cinemark opened four theaters in Mexico. In 1998, Cinemark announced that it would replace its bright color interiors with what Cinemark characterized as a more classic Art Deco design.<ref>{{cite news|newspaper=Dallas Business Journal |url=http://www.bizjournals.com/dallas/stories/1998/12/07/story7.html |title=Cinemark USA moving headquarters to Plano |access-date=April 5, 2017 }}</ref> Through new theatre construction and acquisitions, it became the third largest theatre chain in the United States and the second largest theatre chain in the world.{{Citation needed|date=April 2020}} Mitchell's son Kevin Mitchell worked with the company as an executive until leaving in 2007 to found ShowBiz Cinemas.<ref>{{cite web|publisher=[[Cambridge Who's Who]] |url=http://www.cambridgepublicrelations.com/Kevin-Mitchell |archive-url=https://archive.today/20130816171540/http://www.cambridgepublicrelations.com/Kevin-Mitchell |url-status=dead |archive-date=August 16, 2013 |title=Kevin L. Mitchell |access-date=August 15, 2013 }}</ref><ref>{{cite magazine |url=http://investing.businessweek.com/research/stocks/private/person.asp?personId=4611415&privcapId=3565910&previousCapId=3565910&previousTitle=Cinemark%20Inc. |title=Executive Profile: Lee Roy Mitchell |magazine=[[Businessweek]] |access-date=August 15, 2013}}{{dead link|date=April 2023|bot=medic}}{{cbignore|bot=medic}}</ref><ref name=CC>{{cite web |url=http://creaturecauses.com/uploads/CREATURE_CAUSES_2-15-13_Dist_V4.pdf |title=Uniting Business Leaders with Altruistic Action for Animal Welfare |access-date=August 15, 2013 |date=February 15, 2013 |publisher=Creature Causes}}</ref> In 2013, Cinemark decided to sell all of its Mexican theaters to [[Cinemex]].<ref>{{cite web|url=https://www.hollywoodreporter.com/news/cinemark-selling-mexico-theater-chain-422326|title=Cinemark Selling Mexico Theater Chain|website=hollywoodreporter.com|access-date=12 April 2018}}</ref>

Cinemark has a deal with [[Universal Pictures|Universal]] in which movies that gross more than $50 million domestically during their first weekend in theaters will continue to be shown in theaters exclusively for five weekends, or 31 days.<ref name=":0" /> After that, while theaters can continue to screen a film, the title becomes available on online rental platforms such as [[Apple TV]] and [[Amazon Prime Video]].<ref name=":0" />

Cinemark introduced a brand new premium offering, Cinemark XD, standing for ''Extreme Digital Cinema'' in 2009. The first XD screen opened at the Century San Francisco Centre 9 theater in [[San Francisco, California]]. This auditorium features a giant, wall-to-wall display, [[Barco (manufacturer)|Barco]] 4K digital projection with 2D and [[RealD 3D]] capabilities, immersive, surround sound audio systems that enabled customers to hear the movies as the filmmakers intended and premium seats with Luxury Lounger electric recliners.<ref>{{cite web|url=https://ir.cinemark.com/news-events/press-releases/detail/176/cinemark-launches-new-xd-large-format-digital-auditorium-in|title=Cinemark Launches New XD Large Format Digital Auditorium In San Francisco, CA}}</ref> Special features include 11.1 layers of multi-layer channel surround sound and 35 trillion colors.<ref>{{cite web|url=https://www.cinemark.com/movie-news/articles/0320-cinemark-xd-experience|title=5 Ways Cinemark XD Creates the Ultimate Immersive Experience}}</ref> On May 4, 2017, it was announced that a [[THX]] sound system would be coming to the XD locations as part of a partnership with Cinemark. The [[Razer Inc.|Razer]]-owned company was hired to certify over 200 XD auditoriums in the United States and [[Latin America]] to offer a superior audiovisual experience for moviegoers and provide an unparalleled entertainment environment. It took a year to finish the certification update.<ref>{{cite web|url=https://www.thx.com/blog/cinemark-partners-thx-certify-xd-auditoriums/|title=Cinemark Partners with THX to Certify XD Auditoriums}}</ref> Finally on May 2, 2018, Cinemark confirmed that the XD screens were now THX certified as the progress was completed.<ref name="THX XD">{{cite web|url=https://celluloidjunkie.com/wire/thx-and-cinemark-announce-certification-of-over-200-cinemark-xd-screens-in-the-united-states-and-latin-america/|title=THX and Cinemark Announce Certification of Over 200 Cinemark XD Screens in the United States and Latin America}}</ref>

===United States Department of Justice lawsuits===
In the 1990s, Cinemark Theatres was one of the first chains to incorporate stadium-style seating into their theatres.<ref>[http://www.cinemark.com/pressreleasesform_general.asp?step=2&PressReleaseItem=33 Cinemark Brings Stadium Seating to the Valley] {{webarchive|url=https://web.archive.org/web/20090421033711/http://www.cinemark.com/pressreleasesform_general.asp?step=2&PressReleaseItem=33 |date=2009-04-21 }}. Cinemark press release, August 13, 1998. Accessed 3 June 2009.</ref> In 1997, several disabled individuals filed a lawsuit against Cinemark, alleging that their stadium style seats forced patrons who used wheelchairs to sit in the front row of the theatre, effectively rendering them unable to see the screen without assuming a horizontal position. The case was heard in El Paso district court as ''Lara v. Cinemark USA'', where a judge ruled that the architecture of Cinemark's theatres violated the [[Americans with Disabilities Act of 1990|Americans with Disabilities Act]] (ADA). The ruling was later overturned by the [[United States Court of Appeals for the Fifth Circuit|Fifth Circuit Court of Appeals]], which ruled that Cinemark only had to provide an "unobstructed view" of the screen, and that since disabled patrons' view was only awkward and not actually obscured, Cinemark was not violating the law.<ref name="ap">[https://www.thefreelibrary.com/Appellate+Court+OKs+Stadium-style+Movie+Seating%3B+Cinemark%2C+USA+Inc....-a061428104 "Appellate Court OKs Stadium-style Movie Seating; Cinemark, USA Inc. Wins ADA Case"]. [[Business Wire]], April 11, 2000. Accessed 3 June 2009.</ref>

In response, the [[United States Department of Justice]] (DOJ) filed their own suit against Cinemark while appealing the appellate court's decision. The DOJ argued that, while Cinemark was not technically violating the ADA, it was nevertheless discriminating against disabled patrons by relegating them to the worst seats in the auditorium.<ref name="ada">{{cite web|url=http://www.usdoj.gov/crt/ada/cinemark/cinemark4main.htm|title=''UNITED STATES OF AMERICA V. CINEMARK USA, INC.''|publisher=Department of Justice|access-date=12 April 2018}}</ref> Cinemark responded by filing a lawsuit against the Department of Justice, alleging misconduct on the DOJ's behalf.<ref name="cin">{{cite web|url=http://www.usdoj.gov/crt/ada/briefs/cindissbr.pdf|title=''Cinemark v United States''|publisher=Department of Justice|access-date=12 April 2018}}</ref> Cinemark's lawsuit was thrown out, and the Department of Justice proceeded with its lawsuit. Cinemark ultimately agreed to [[settlement (litigation)|settle out of court]] before the court came to a ruling, agreeing with the DOJ that it was in the company's best interest to end litigation before a ruling was issued.<ref name="ada" /> Per the terms of the settlement, Cinemark agreed to renovate all existing theatres to provide patrons who used wheelchairs access to rows higher in its theatres, and also agreed that all future theatres would be constructed so as to allow handicapped patrons better access to higher rows. In turn, the Department of Justice agreed not to bring further litigation against the company in relation to the architecture of stadium seating as it applies to the ADA.<ref name="ada" />

===Aurora shooting===
{{Main|2012 Aurora, Colorado shooting}}
[[File:The Century 16 theater in Aurora CO - Shooting location.jpg|thumb|The Century 16 theater, taken on the day after the shooting.]]
On July 20, 2012, a gunman opened fire during the [[Midnight movie#Midnight releases|midnight premiere]] of ''[[The Dark Knight Rises]]'' in a Century theater in [[Aurora, Colorado|Aurora]], [[Colorado]], killing 12 people and injuring 70 others.<ref name="complete list">{{cite news|url=http://www.foxnews.com/us/2013/01/10/officials-release-complete-list-injured-victims-in-aurora-massacre/ |title=Officials release complete list of injured victims in Aurora massacre |publisher=[[Fox News]] |date=January 10, 2013 |access-date=July 4, 2013}}</ref> The gunman, later identified as [[James Holmes (mass murderer)|James Eagan Holmes]], who was believed to be acting alone, entered the theater dressed in [[Body armor|protective clothing]], set off [[Grenade|tactical grenades]], then opened fire with multiple firearms on the theatergoers. Counting both fatalities and injuries, the attack was the largest mass shooting in terms of number of casualties in United States history at the time.<ref name="70 victims in mass shooting">{{cite news | title = Colorado Movie Theater Shooting: 70 Victims The Largest Mass Shooting |url=http://gma.yahoo.com/colorado-batman-movie-shooting-suspect-phd-student-085940589--abc-news-topstories.html | access-date = July 21, 2012 | work = [[Good Morning America]] |date=July 20, 2012}}</ref> The theater was reopened on January 17, 2013.<ref>{{cite news |title=Vacant since mass shooting, renewed Aurora theater to reopen Thursday |first=Kurtis |last=Lee |url=http://www.denverpost.com/news/ci_22368053/vacant-since-mass-shooting-renewed-aurora-theater-reopen |work=[[The Denver Post]] |access-date=15 January 2013 |date=January 14, 2013}}</ref>

The theater was sued by families of the victims, who alleged the theater should have taken greater measures to prevent the shooting. In May 2016, after years of legal debate, a jury took three hours to deliver a unanimous verdict that the theater chain was not liable.<ref>{{cite web |url=https://variety.com/2016/film/news/colorado-theater-shooting-cinemark-not-liable-1201778884/ |title=Cinemark Not Liable in Colorado Theater Shooting, Jury Finds |work=Variety | date=19 May 2016|access-date=6 September 2018}}</ref> As the prevailing party in the judgment, Cinemark sought nearly US$700,000 from the plaintiffs to recover litigation expenses. In September 2016, after objections from the victims, Cinemark dropped all claims for reimbursement of legal fees.<ref>{{cite web |url=https://www.denverpost.com/2016/09/13/aurora-theater-shooting-victims-wont-pay-cinemark-legal-costs/ |title=Aurora theater shooting victims won't have to pay $700,000 in legal costs after Cinemark drops request |work=[[The Denver Post]] | date=7 April 2020}}</ref> A separate group of victims were also dismissed in federal court when US District Judge R. Brooke Jackson ruled: "[James Holmes'] own premeditated and intentional actions were the predominant cause of the plaintiffs' losses."<ref>{{cite web |url=http://www.denverpost.com/2016/07/01/cinemark-victories-are-a-check-on-ill-advised-lawsuits/ |title= Cinemark Victories Are A Check on Ill-Advised Lawsuits |work=[[The Denver Post]] |date=July 1, 2016}}</ref>

In the wake of the [[Stoneman Douglas High School shooting|2018 school shooting]] in [[Parkland, Florida|Parkland]], [[Florida]], Cinemark announced that it would no longer allow bags larger than {{Convert|12 x 12 x 6|in|cm|abbr=on}} in its theaters as a safety precaution.<ref>{{cite web |url=http://www.oregonlive.com/trending/2018/02/cinemark_banning_large_bags_from_theaters.html#incart_river_index |title=Cinemark, citing safety, is banning large bags from its theaters |work = [[The Oregonian]] |location=Portland, Oregon |date=22 February 2018|access-date=7 April 2020}}</ref>

===2020 temporary closure===
Effective March 18, 2020, Cinemark closed all of its 345 theaters across the United States indefinitely due to the [[COVID-19 pandemic in the United States|COVID-19 pandemic]].<ref name=nbcdfwindefinite>{{Cite web|title=Cinemark to Temporarily Close 345 Theaters Nationwide|url=https://www.nbcdfw.com/news/coronavirus/cinemark-to-temporarily-close-345-theaters-nationwide/2332681/|website=NBC 5 Dallas–Fort Worth|language=en-US}}</ref> Cinemark released a statement describing the temporary closure "as a proactive measure in support of the health and safety of its employees, guests and communities."<ref name=nbcdfwindefinite /> In light of the pandemic, a few dozen locations have upgraded their box office stands, replacing them with digital kiosks for ticket purchases, including the lay offs of many ushers working up front-end. Another reason is due to the plunging revenue in Q3 2020. The process of entirely replacing ushers with kiosks, has been pushed back to January 1, 2028.<ref name=cnbcindefinite>{{Cite web|title=AMC and Cinemark Q3 losses show the pandemic's toll on movie theaters|url=https://www.cnbc.com/video/2020/11/09/amc-and-cinemark-q3-losses-show-the-pandemics-toll-on-movie-theaters.html|website=CNBC|language=en-US}}</ref>

In May 2021, CEO Mark Zoradi said that 98 percent of Cinemark's theaters in the United States had reopened. Due to government restrictions in Latin America, only half of the theaters the region are operating<ref name=":0" /> More recently, the company signed a new deal with the major movie studios.<ref>{{Cite web|last=Lang|first=Brent|date=2021-05-07|title=Cinemark Signs New Theatrical Deals With Five Major Studios|url=https://variety.com/2021/film/news/cinemark-theater-deals-vod-studios-1234968717/|access-date=2021-05-15|website=Variety|language=en-US}}</ref>

==Political causes==

In 2008, CEO Alan Stock donated US$9,999 toward the successful passage of [[California|California's]] [[2008 California Proposition 8|Proposition 8]], an initiative restricting the definition of marriage to opposite-sex couples and overturning the [[Supreme Court of California|California Supreme Court's]] ruling that same-sex couples have a constitutional right to marry. An ensuing campaign, launched by opponents to the Prop 8 passage, encouraged patrons to see showings of the film ''[[Milk (2008 American film)|Milk]]'', based on the life of gay-rights activist [[Harvey Milk]], at a competing theater in protest instead of at Cinemark showings.<ref>Cieply, Michael. [https://www.nytimes.com/2008/11/22/movies/22milk.html "Activists Seek to Tie ‘Milk’ to a Campaign for Gay Rights"]. ''[[The New York Times]]'', November 22, 2008. Accessed 3 June 2009.</ref> Others called for a more general [[boycott]].<ref>Moore, Roger. [http://blogs.orlandosentinel.com/entertainment_movies_blog/2008/11/cinemark-ceo-do.html "Cinemark CEO donates to 'Proposition Hate': boycott follows"] {{webarchive|url=https://web.archive.org/web/20090104204733/http://blogs.orlandosentinel.com/entertainment_movies_blog/2008/11/cinemark-ceo-do.html |date=2009-01-04 }}. ''[[Orlando Sentinel]]'', November 13, 2008. Accessed 3 June 2009</ref>

==Theater chains acquired==
===Century Theatres acquisition===
On August 8, 2006, Cinemark purchased [[Century Theatres]] with a combination of cash and stock bonds. This acquisition added over 80 theatres and many more screens. Some of these theatres were subsequently shut down either being phased out as under performing or replaced with new complexes. The transaction was completed on October 5, 2006. With this purchase, Cinemark heavily strengthened their presence in Northern California and entered Alaska, Nevada, South Dakota, and Washington state, though at the transaction both of their locations in Washington state were still under construction. However, Cinemark retains the Century banner and continues to open new locations under that banner.

===Muvico Theaters purchases===
In 2009, in order to save the company from a potential bankruptcy, [[Muvico Theaters]] sold four theatres to Cinemark: [[Arundel Mills]] Egyptian 24 in Hanover, Maryland; Paradise 24 in Pembroke Pines, Florida; Palace 20 in Boca Raton, Florida; and Boynton Beach 14 in Boynton Beach, Florida.<ref>{{Cite web|url=http://www.bigscreen.com/journal.php?id=1441 |title=Muvico Sells Four Theaters in Florida and Maryland to Cinemark |author=bigscreen.com |date=2009-03-21 |access-date=2010-10-15}}</ref><ref>{{Cite web|url=http://www.hometownannapolis.com/news/bus/2009/03/22-42/Muvico-sells-lavish-Arundel-Mills-theater.html?ne=1 |title=Muvico sells lavish Arundel Mills theater |author=hometownannapolis.com |date=2009-03-22 |access-date=2010-10-15 |url-status=dead |archive-url=https://web.archive.org/web/20120310000657/http://www.hometownannapolis.com/news/bus/2009/03/22-42/Muvico-sells-lavish-Arundel-Mills-theater.html?ne=1 |archive-date=March 10, 2012 }}</ref> Muvico was bought by another theater chain ([[Carmike Cinemas]]) in 2013,<ref>{{cite press release |url=https://online.wsj.com/article/PR-CO-20131104-910034.html?dsk=y/ |via=The Wall Street Journal |title=Carmike Cinemas to Acquire Nine Entertainment Complexes with 147 Screens from Muvico Theaters |date=November 4, 2013 |url-status=dead |archive-url=https://web.archive.org/web/20131105045503/https://online.wsj.com/article/PR-CO-20131104-910034.html?dsk=y/ |archive-date=November 5, 2013 |publisher=Business Wire }}</ref> which was bought by yet another ([[AMC Theatres]]) in 2016.<ref>{{cite news |url=https://www.hollywoodreporter.com/movies/movie-news/amc-theatres-closes-carmike-cinemas-acquisition-become-largest-us-exhibitor-958228/ |title=AMC Theatres Closes Carmike Cinemas Acquisition to Become Largest U.S. Exhibitor |date=December 21, 2016 |website=The Hollywood Reporter |first=Georg |last=Szalai |access-date=August 16, 2022 }}</ref>

===Rave Cinemas purchase===
In November 2012, Cinemark announced it was acquiring Rave Cinemas, the Dallas, Texas–based chain that operates the former Bridge theater with IMAX in [[Culver City, California]] for US$240 million. The deal included 32 theaters located in 12 US states, representing 483 screens. Tim Warner, Cinemark's CEO said in a statement "The acquisition of these high quality assets will further enhance Cinemark's diversified domestic footprint, including the expansion of our presence in the New England market".<ref>{{cite news|author=Richard Verrier|url=http://articles.latimes.com/2012/nov/17/entertainment/la-et-ct-cinemark-signs-deal-to-buy-rave-cinemas-20121117|title=Cinemark signs deal to buy Rave Cinemas |newspaper=[[Los Angeles Times]] |date=November 17, 2012}}</ref> The sale was closed on May 29, 2013, but Cinemark was required to sell the Rave Stonybrook 20 + IMAX theater in Louisville, Kentucky, the Rave Ritz Center 16 in southern New Jersey, and either the Rave Hickory Creek 16 in Hickory Creek, Texas or the Cinemark 14 in Denton, Texas. In addition, Cinemark's chairman Lee Roy Mitchell was also required to sell the Movie Tavern Inc. to [[Southern Theatres]].<ref>{{cite court |litigants= US and Texas v. Cinemark, Rave, and Adler Wood |court= D.D.C. |date= 20 May. 2013|url= http://www.justice.gov/atr/cases/f296900/296989.pdf |access-date= 25 June 2013}}</ref> On July 18, 2013, Cinemark found a buyer, [[Carmike Cinemas]], for the Stonybrook 20 & IMAX, Rave Ritz Center 16, and the Rave Hickory Creek 16. With this change, National CineMedia has been replaced with Screenvision at the Stonybrook 20 and Ritz Center 16. Screenvision is already at Hickory Creek, Texas at the time of the announcement of the sale.<ref>{{cite news |url=http://www.4-traders.com/CARMIKE-CINEMAS-INC-8795/news/Carmike-Cinemas-Inc--Carmike-Cinemas-to-Acquire-Three-State-of-the-Art-Theatres-Totaling-52-Scree-17110048/|title=Carmike Cinemas, Inc. : Carmike Cinemas to Acquire Three State-of-the-Art Theatres Totaling 52 Screens from Cinemark |publisher=4-traders |date=July 18, 2013}}</ref> The sale was closed on August 16, 2013.<ref>{{cite news|url=http://www.dailyfinance.com/2013/08/16/cinemark-completes-required-divestiture-of-52-scre/|title=Cinemark Completes Required Divestiture of 52 Screens|publisher=Daily Finance|date=August 16, 2013|access-date=2013-08-16|archive-url=https://web.archive.org/web/20131221001552/http://www.dailyfinance.com/2013/08/16/cinemark-completes-required-divestiture-of-52-scre/|archive-date=2013-12-21|url-status=dead}}</ref> On September 12, 2013, [[Southern Theatres]] announced that they acquired The Movie Tavern from Lee Roy Mitchell after he was required to sell The Movie Tavern after Cinemark bought [[Rave Cinemas]] on May 29, 2013. In 2018, Southern sold the Movie Tavern chain to the [[Marcus Corporation]]. As part of Southern Theatres' long-term deal with National CineMedia, The Movie Tavern switched from [[Screenvision]] to [[National CineMedia]] in June 2014. Also, Cinemark purchased Rave Cinemas Baldwin Hills Crenshaw 15, in [[Los Angeles]], in June 2014.<ref>{{cite web|url=http://www.marketwatch.com/story/southern-theatres-acquires-movie-tavern-becomes-top-10-exhibitor-2013-09-12|title=Southern Theatres Acquires Movie Tavern, Becomes Top 10 Exhibitor|website=marketwatch.com|access-date=12 April 2018}}</ref>

==See also==
* [[AMC Theatres]]
* [[Regal Cinemas]]

==References==
{{Reflist}}

==External links==
{{Commons category}}
* {{official website}}

{{Major USA Cinema Chains}}

{{Portal bar|Companies}}

{{Authority control}}

[[Category:Movie theatre chains in the United States]]
[[Category:Movie theatre chains in Canada]]
[[Category:American companies established in 1984]]
[[Category:Entertainment companies established in 1984]]
[[Category:1984 establishments in Texas]]
[[Category:Companies based in Plano, Texas]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:2007 initial public offerings]]

Cinemark Theatres - Revision history

Ajay Kumar at 14:20, 7 September 2023