Cinemark Completes Required Divestiture of 52 Screens
PLANO, Texas--(BUSINESS WIRE)-- Cinemark Holdings, Inc. (NYSE: CNK), one of the largest motion picture exhibitors in the world, announced today that it has closed the previously announced divestiture to Carmike Cinemas of three theatres and 52 screens required by the Department of Justice final judgment in the Rave Cinemas acquisition. Net of the divestiture, Cinemark acquired 29 theatres and 431 screens from Rave Cinemas, expanding its diversified domestic footprint into 40 states and 99 DMAs, including the New England market.
About Cinemark Holdings, Inc.:
Cinemark is a leading domestic and international motion picture exhibitor, operating 504 theatres with 5,794 screens in 40 U.S. states, Brazil, Mexico, Argentina, and 10 other Latin American countries as of June 30, 2013. For more information, go to investors.cinemark.com.
Forward-looking Statements
Certain matters within this press release include “forward–looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statements. For a description of these factors, please review the “Risk Factors” section or other sections in the Company’s Annual Report on Form 10-K filed February 28, 2013 and quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission. All forward-looking statements are expressly qualified in their entirety by such risk factors.
Cinemark Holdings, Inc.
Investor Contact:
Chanda
Brashears, 972-665-1500
Investor Relations Manager
investors@cinemark.com
or
Media
Contact:
James Meredith, 972-665-1680
VP Marketing
communications@cinemark.com
Source: Cinemark Holdings, Inc.
Released August 16, 2013