Cineplex has bought up four AMC movie theaters in Canada after a month ago a group from China named Dalian Wanda Group bought up the AMC in the states for a huge price tag of 2.6 billion dollars. The big center piece of the deal is the Yonge Dundas AMC that is in the heart of Toronto and is a hot bed for prime times as it has held numerous Movie premiere. It is across from Dundas Square where they could hold Red carpet activities and it is beside the Eaton Center so lets just say that there is a lot of people around. It really does not mean a lot to Cineplex as they have a lot of theaters and will bring up their profit margin but it is a sad day for the theater goers as right now the Yonge Dundas AMC has a great promotion going on as they have 6 dollar movies before noon just is less than the 13.50 dollars after noon and they still have refill of large popcorn/drink combo that Cineplex has already stopped doing. The rest of the things about the same as they have the same products and pricing as Cineplex has and have a lot of stuff around it as right below AMC they have a food court with a lot of different choices of food for right after going to the movies along with Jack Astors right next door.
The other three theaters were AMC Winston Churchill 24 in Oakville, AMC Courtney Park 16 in Mississauga, and the Montreal’s 22-screen AMC Forum complex all from a Kansas City-AMC Entertainment. AMC Canada has has also sold AMC Whitby 24 in Toronto and AMC Kanata 24 in Ottawa to Empire Theatres Ltd and still have two more theaters in Canada and are looking for buyers for their last two theaters which are AMC Interchange 30 and AMC Kennedy Commons 24.
AMC has been very nice to movie goers but with the selling of AMC in the states created the selling off of AMC Canada
Tom Mehegan
No comments:
Post a Comment