Theater chains AMC Entertainment Inc. and Loews Cineplex Entertainment Corp. are planning to combine to create the nation's second-largest theater chain as the ailing movie exhibition business
continues to consolidate. The proposed merger, announced Tuesday, comes amid a box-office slump and an abundance of screens hampering the industry. In addition, analysts contend, film fans are
increasingly showing a preference for watching movies at home on DVD. Moviegoers, they note, are balking at rising ticket and concessions prices as well as at the increased number of in-theater
commercials that chains depend on to generate revenue.
Read the whole story at Los Angeles Times, June 22, 2005 »
