Subsidiary | |
Industry | Entertainment |
Fate | Moved to amc in 2017 |
Predecessor | Martin Theatres |
Successor | AMC Theatres |
Founded | 1982 |
Founder | Carl Patrick, Sr. |
Defunct | 2016 acquired by AMC |
Headquarters | Columbus, GA, United States |
Number of locations
|
276 (as of 03/2016) |
Area served
|
Rural and suburban areas |
Key people
|
Roland C. Smith Chairman of the Board S. David Passman (President & CEO) Fred Van Noy COO Richard Hare CFO |
Revenue |
|
|
|
|
|
Number of employees
|
7,800 (2013) |
Parent | AMC Entertainment |
Subsidiaries | Eastwynn Theatres, Inc. George G. Kerasotes Corporation GKC Indiana Theatres, Inc. GKC Michigan Theatres, Inc. GKC Theatres, Inc. Military Services, Inc. Sundance Cinemas |
Website | www.amctheatres.com |
Carmike Cinemas was a motion picture exhibitor headquartered in Columbus, Georgia in the United States of America. As of March 2016, the company has 276 theaters with 2,954 screens in 41 states, and was the fourth largest movie theater in the United states until acquired by amc in december The company bills itself as "America's Hometown Theatre" and Carmike theaters are largely positioned in rural or suburban areas with populations under 200,000. The company's theaters operate under various names and will generally have a name followed by the number of auditoriums at that location; for example, "Carmike 15".
On March 4, 2016, AMC Theatres announced its intent to acquire Carmike Cinemas. The deal was closed on December 21, 2016, making Carmike a wholly owned subsidiary.
Carmike was founded when Carl L. Patrick, Sr. acquired Martin Theatres from Fuqua Industries in 1982. The company's name was derived from a combination of the first names of Carl L. Patrick, Sr.'s two sons, Carl Jr. and Michael, hence "Carmike."
Carmike sought Chapter 11 bankruptcy protection in August 2000 after failing to make US$9 million in interest payments to bondholders—the company owed approximately US$650 million in debt. Since declaring bankruptcy, many theaters (mostly smaller single, twin and triple theatres) in inactive markets were closed down, and some were renovated or relocated in areas with desirable market potential—most of these newer theaters are 10 screens or larger. The number of theaters owned or operated by the company dropped from 448 to just over 300.
During bankruptcy, the company was forced to sell or close several historic theaters, including the Villa Theatre in Salt Lake City, Utah and the Indian Hills Theater in Omaha, Nebraska, the latter of which contained a 70-foot (21 m) wide Cinerama screen, believed to be the largest in the U.S. at the time. The Indian Hills was eventually demolished in August 2001 by its new owners, Methodist Health System, and replaced with a parking lot for the System's nearby hospital and nursing college. Actress Patricia Neal called the destruction of the theater "a crime" in a letter of support, and letters were also written by Kirk Douglas, Janet Leigh, Robert Wise and film critic Leonard Maltin.