It is Santikos’ first major acquisition and has been in the works since 2018. “And we may not be done,” said Santikos CEO Tim Handren.
Santikos will acquire The Grand Theatres and AmStar Cinemas, expanding the San Antonio movie theater chain to locations in Louisiana, Mississippi, Alabama, Georgia, Florida, North Carolina and South Carolina.Santikos Theaters will expand from 121 screens in San Antonio and New Braunfels to 377 screens in seven states across the Southeast with the purchase of 17 new theaters, the company announced Thursday.Success! You're on the list.
The theater chain founded in San Antonio in 1911 will acquire The Grand Theatres and AmStar Cinemas from New Orleans-based VSS-Southern Theatres LLC, making Santikos the eighth largest theater chain in North America. “And we may not be done,” said Santikos CEO Tim Handren, who was in New Orleans Thursday meeting with the leadership team of AmStar Cinemas and Grand Theatres.
Santikos has returned to pre-pandemic visitor numbers, Handren said, and said those figures are outpacing the country as whole. He attributed that to Santikos delivering “a great experience,” but credited San Antonio with being a town full of movie lovers.John Santikos
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
San Antonio-based Santikos Theaters on track to become 8th largest theater chain in North AmericaThe company signed a definitive purchase agreement to acquire The Grand Theaters and AmStar Cinemas from VSS-Southern Theaters.
Read more »
San Antonio's Santikos chain buying 17 other cinemas across Southern U.S.The acquisition will make Santikos the eighth-largest North American cinema chain based on screen count. SanAntonio SATX SanAntonioTX movies movietheaters Santikos
Read more »
Every Movie Releasing In Theaters In July 2023July 2023 will see the theatrical release of Ethan Hunt's latest mission, Barbie's live-action debut, Christoper Nolans' newest project, and more.
Read more »
Teen, 15, fatally shot in Southeast WashingtonA teenager, 15, was fatally shot in Southeast Washington, according to police. The youth is the 12th juvenile fatally shot in D.C. this year.
Read more »
Railroads CSX and CPKC will invest in connecting their networks to increase traffic in SoutheastCSX and CPKC railroads announced a deal Wednesday that will allow them to beef up a little-used connection between their two networks in the southeastern United States to handle a significant amount of freight
Read more »