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Kansas City, Mo. (June 21, 2012) - AMC Entertainment Inc. (AMC) announces today the sale of six of its locations in Canada as the company focuses on its primary business unit in the United States. AMC has reached an agreement with Cineplex Entertainment to sell the AMC Yonge & Dundas 24, AMC Winston Churchill 24, AMC Courtney Park 16, all located in the Greater Toronto Area, as well as AMC Forum 22, located in Montreal. AMC is also selling two of its theatres - AMC Whitby 24 in Toronto and AMC Kanata 24 in Ottawa - to Empire Theatres Limited.
"These divestitures allow AMC to focus our resources on initiatives which impact our business in the United States," said Mark McDonald, executive vice president, Global Development at AMC. "We believe Cineplex and Empire Theatres Limited will ensure moviegoers at these locations will continue to have a great experience."
Scotiabank advised AMC throughout the process.
AMC will hand over operations at each of the locations to the purchasers within the next few weeks. AMC continues to explore options for its two remaining theatres in Canada, AMC Interchange 30 and AMC Kennedy Commons 24.
About AMC Entertainment Inc.
AMC Entertainment Inc. delivers distinctive and affordable movie-going experiences in 346 theatres with 5,034 screens across the United States and Canada. AMC has propelled industry innovation and continues today by delivering premium sight and sound, enhanced food and beverage and diverse content. AMCTheatres.com.
For more information about Cineplex Entertainment, please contact:
Pat Marshall
Vice-President Communications and Investor Relations
416-323-6648
Pat.Marshall@cineplex.com
For more information about Empire Theatres Limited, please contact:
Megan Parsons
Manager, Marketing & Communications
(902) 233-3899
megan.parsons@empiretheatres.com
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