posted 03-01-2017 11:24 AM                       

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As required by the Tunney Act, the proposed settlement and the department’s competitive impact statement will be published in the Federal Register. Any person may submit written comments concerning the proposed settlement during a 60-day comment period

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Defendants are ordered and directed, within sixty (60) calendar days after the filing of the Complaint in this matter, or five (5) calendar days after notice of entry of this Final Case
Judgment by the Court, whichever is later, to divest the Initial Theatre Divestiture Assets in a manner consistent with this Final Judgment to one or more Acquirer(s) acceptable to the United States in its sole discretion. The United States, in its sole discretion, may agree to one or more extensions of this time period, not to exceed sixty (60) calendar days in total, and shall notify the Court in such circumstances. Defendants agree to use their best efforts to divest the Initial Theatre Divestiture Assets as expeditiously as possible.

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posted 03-01-2017 03:05 PM                    

quote: "Bloomberg News"

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AMC Entertainment Holdings Inc., the theater chain controlled by China’s second-richest man, outlined a new marketing strategy following its takeover of Carmike Cinemas, saying it will create new brands like AMC Classic and AMC Dine-In and retire the acquired company’s name.

Adam Aron, chief executive officer of the world’s biggest cinema chain, also said on a earnings call Tuesday that AMC is weighing proposals from Hollywood studios that would let movie fans see new films at home sooner. Any deal involving AMC, controlled by Chinese billionaire Wang Jianlin, would include a share of the studios’ added revenue, he said.

Hollywood film companies and theaters are trying to adapt to the rise in digital distributors, such as Netflix, that have contributed to a drop in attendance. AMC, based in Leawood, Kansas, joins Regal Entertainment Group and Cinemark Holdings Inc., the No. 2 and No. 3 U.S. exhibitors, in publicly conceding they’re considering plans to reduce the 90 days of exclusivity they enjoy before new releases become available in homes.

“The reason we’re intrigued by all this is because, if this is done right and this is done intelligently and our revenue share is significant enough, we believe that we have the opportunity to grow and increase AMC revenues,” Aron said on the call.

The timing of any change remains unclear, with Aron saying he could see a deal in months or no progress at all.

“There are so many proposals floating around, people having different views,” Aron said. “A consensus is going to need to emerge for this not to be a one-company, one-studio deal, but more of an industrywide effort.”
Recent Acquisitions

AMC, controlled by Wang’s Dalian Wanda Group Co., has become the world’s biggest exhibitor after acquiring Carmike Cinemas, Odeon & UCI in the U.K. and most recently Nordic Cinema Group, a deal announced in January.

Aron said a new “AMC Classic” brand would be used for its smaller theaters and markets, and a third smaller brand called “AMC Dine-in” would be deployed at the about 60 locations with full kitchens and bars.

In the U.S., about 400 locations will be AMC theaters, with Imax Corp. and Dolby Laboratories Inc. providing the premium, large-format experiences. Classic theaters, which AMC describes as fun, friendly and local with value in mind, will account for about 200, according to a statement. The smaller theaters will have Coca-Cola Freestyle machines and refillable popcorn buckets.

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