Consolidated Theatres (North Carolina)
| Company type | Brand |
|---|---|
| Industry | Entertainment |
| Founded | Charlotte, North Carolina, USA |
| Founder | Herman Stone |
Consolidated Theaters was a movie theater chain based in Charlotte, North Carolina. The company owned over 28 theaters and 400 movie screens in 6 states along the East Coast. Most of its theaters are now operated by several other theater chains. Its first theater was the Park Terrace in Charlotte, North Carolina. Founded by Herman Stone, it was once part of The Stone Group. The theaters usually had upwards of 10 auditoriums, which in some cases, drove older competitors with fewer screens out of business. Consolidated Theaters was acquired by Regal Entertainment Group on May 1, 2008.[1][2] As a condition of approval of the acquisition, the United States Department of Justice required that Regal sell 4 theaters in the Charlotte and Raleigh, North Carolina markets to Charlotte based Carolina Cinemas (which was bought by Cinemark Theatres in early 2016) to ensure continued competition.[3]
References
[edit]- ^ Regal Entertainment Group - Regal Entertainment Group Completes Acquisition of Consolidated Theaters[permanent dead link]
- ^ "Regal completes $210M acquisition". www.knoxnews.com. 1 May 2008. Retrieved 21 June 2024.
- ^ Note: The chain also owned several Drive In Theaters: North 200 Asheboro NC, Midway Thomasville NC, East 70 Twin Burlington NC, Forrest Raleigh NC, The Eden NC, Greensboro NC, Gastonia NC and others. Alex White was involved in founding the company. Justice Department Requires Divestitures in Regal Cinemas' Merger with Consolidated Theaters Archived 2008-05-15 at the Wayback Machine
External links
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