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Fly News Breaks for July 14, 2015
RGC, CKEC, CNK, IMAX, AMC
Jul 14, 2015 | 11:14 EDT
Piper Jaffray analyst James Marsh said AMC Entertainment's (AMC) just announced acquisition of privately held Starplex signals that M&A is "back on track" in the cinema space after being paused while the DOJ investigates film "clearances" and after the U.S. blocked a deal in the industry. Marsh also sees the deal as an opportunity for IMAX (IMAX), noting that Starplex doesn't use IMAX screens yet but AMC is the largest North American operator of its enhanced screens. Other publicly traded movie theatre operators include Carmike Cinemas (CKEC), Cinemark (CNK), and Regal Entertainment (RGC).