Cinemas often take a backseat to other tenants in shopping centers, but a recent deal in this retail-entertainment sector has pushed it into the spotlight.
AMC Theatres is now the nation’s largest movie theater chain after its acquisition of Carmike Cinemas for $1.2 billion. The deal gives AMC about 3,000 more screens, bringing its total to just over 8,200 with 659 theaters in total.
Given the magnitude of the transaction, it’s a good time to take a look at the role of movie theaters in experiential retail, which can help combat the effects of online shopping.