Carmike Cinemas buys Rave Theater - WRCBtv.com | Chattanooga News, Weather & Sports

Working Together For You

Carmike Cinemas buys Rave Theater

Posted:
The Rave Motion Pictures East Ridge 18 theater. Photo/Times Free Press . The Rave Motion Pictures East Ridge 18 theater. Photo/Times Free Press .

CHATTANOOGA, TN (Times Free Press) -- Carmike Cinemas Inc. has bought one of its cross-town rivals in Chattanooga as part of a $19 million deal to acquire 16 Rave Movie Theaters in a half dozen states.

The Columbus, Ga.-based movie theater chain announced Monday it has bought 16 Rave theaters, including the 18-screen theater on South Access Road in East Ridge.

Carmike CEO David Passman said the purchase "is a key, opportunistic development for Carmike as we recently embarked on a corporate mission of expanding our footprint to 300 theaters and 3,000 screens through attractive acquisitions."

Carmike, which already operates the Majestic 12 Cinema downtown, the Wynnsong 10 in East Brainerd and the Northgate 14 in Hixson, currently has 233 theaters with 2,245 screens in 35 states.

Read more from our news partners at the Chattanooga Times Free Press.

Powered by WorldNow
Can't find what you're looking for?

WRCB-TV
900 Whitehall Road
Chattanooga, TN 37405
(423) 267-5412

WRCB Jobs EEO | FCC Public Files

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WRCB. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.