AMC Theatres, said to be the largest theatrical exhibitor in the U.S., Europe and the Middle East, has finalized a deal with Bow Tie Cinemas to purchase and operate seven locations including its theaters in Saratoga Springs.
Bow Tie has other facilities in upstate New York, Connecticut and Annapolis, Md.
Marquis 16, Royale 6, SoNo 8 (formerly Regent 8), Majestic 6 and Landmark 8 join the AMC circuit in the Connecticut market.
Adam Aron, chairman and CEO of AMC, said the acquisition “is exciting for AMC, our shareholders and many moviegoers in the northeastern United States. Our theatre acquisition strategy makes AMC a better and stronger company as we move forward on our glidepath to recovery. Acquiring these locations is especially notable for our expansion in Connecticut, where we are more than doubling our presence. We are encouraged to bring the magic of AMC to more and more theatres across the country.”
Officials said the acquisition more than doubles AMC’s presence in the state of Connecticut. In addition, AMC adds Saratoga Springs 11 in upstate New York and Annapolis Mall 11 in Annapolis, Md. AMC intends to retain all theatre associates at the newly acquired theatres.
AMC remains in active discussions with other property owners regarding additional locations.
Upon reopening, guests at these locations can expect many of AMC’s most popular programs and amenities, including AMC Stubs, a world class loyalty and subscription service that includes AMC Stubs A-List, officials said. In addition, Marquis 16, Royale 6, SoNo 8, Majestic 6, Landmark 8, and Annapolis Mall 11 were renovated in recent years and include all-recliner seating. Saratoga Springs 11, Marquis 16, Majestic 6 and Annapolis Mall 11 offer a PLF experience.
For more information about the transition and the AMC experience guests can visit the FAQ page on AMC’s website at www.amctheatres.com/bow-tie-cinemas.
AMC has approximately 950 theatres and 10,500 screens across the globe. AMC says it has propelled innovation in the exhibition industry by: deploying its signature power-recliner seats; delivering enhanced food and beverage choices; and generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps. For more information, visit amctheatres.com.
Bow Tie Cinemas, North America’s oldest theater circuit started in 1900 and is owned by the third and fourth generations of its founding family. The company will continue to operate theaters in Richmond, Va; New Haven, Ct; Schenectady; Ridgewood, NJ; Basalt, Colo. and Manhattan.