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The price represents and estimated 11.2x trailing cash flow and 8.8x pro forma cash flow. EBITDA for the group was $59 million for the 12 months ended December 31, 1996. [ 9 ] At 11.2x trailing earnings, the acquisition of Act III represented one of the highest valuations ever paid for a chain of movie theaters.
In July 2018, AMC Stubs was split into three programs that are currently still in-place: the free AMC Stubs Insider; the yearly fee-based AMC Stubs Premiere, which costs $15 annually and provides the same benefits as the original Stubs plus an expedited line at tickets and concessions; and the monthly fee-based AMC Stubs A-List, which includes ...
The Midway Cinemas opened on October 10, 2008. It is a 10-screen movie theater with stadium-style seating that encompasses 34,500 square feet (3,210 m 2) and has an average occupancy of approximately 160 people per screen, though upwards of up to 200 people in the larger theaters. [274]
Des Moines (/ d ə ˈ m ɔɪ n z / də-MOYNZ) is a city in King County, Washington, United States. The population was 32,888 as of the 2020 census . [ 6 ] The city is located on the east shore of Puget Sound , near the center of the Seattle metropolitan area .
In 2011, Carmike Cinemas acquired MNM Theatres, adding three locations (40 screens) in the Atlanta area. [11] In October 2012, Rave Cinemas, a division of Cinemark Theatres, signed an agreement to sell 16 theaters with 251 screens to Carmike Cinemas for $19 million in cash and $100.4 million of assumed lease obligations. Of the 16 theaters ...
Prior to the opening of Wells Fargo Arena, Vets Auditorium had served as the primary venue of sporting events and concerts in the Des Moines area for many years; this was also the site of the January 20, 1982 concert in which Ozzy Osbourne bit the head off a bat. [5] World Wrestling Entertainment also broadcast their WWE Raw program from the venue.
The Mega Millions $1.28 billion jackpot is now the second highest Mega Millions jackpot of all time, closely following the world’s largest lottery prize of $1.537 billion that was won in October ...
Emagine Entertainment Inc. is an American movie theater chain based in Troy, Michigan, operating 28 cinemas in Michigan, Illinois, Indiana, Minnesota, and Wisconsin.Emagine is ranked as the 9th largest theatre chain in North America.