Cinemark adds 483 screens with Rave Cinema acquisition

12/5/2012 | Los Angeles Times (tiered subscription model)

Cinemark USA is adding 32 theaters in 12 states with its $240 million acquisition of Dallas-based Rave Cinemas. Rave has grown since its launch in 1999 by buying small-market theaters in the South and Midwest, and it had increased its reach to 483 screens. "The acquisition of these high quality assets will further enhance Cinemark's diversified domestic footprint," said Cinemark chief Tim Warner.

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