AMC MAIHAMA 16 THEATRE TO BE BUILT IN TOKYO DISNEYLAND
KANSAS CITY, Mo., Oct. 30 /PRNewswire/ -- AMC Entertainment Inc. (Amex: AEN), one of the world's leading theatrical exhibition companies, has announced that it will build a 16-screen theatre megaplex in Tokyo Disneyland, developed by the Oriental Land Co., Ltd., in Chiba Prefecture.
The AMC Maihama 16 Theatre, scheduled to open by the spring of 2000, is the latest example of the megaplex concept developed by AMC. The 16-screen megaplex will offer moviegoers the finest customer amenities and the most dynamic screen presentation available, along with a greater choice of films and viewing times.
"Just as the AMC megaplex represents the state of the art in movie presentation and customer amenities, a Disney theme park is unparalleled as a tourism destination," said Philip M. Singleton, president and chief operating officer of American Multi-Cinema, Inc. "We look forward to the potential of combining the two global brand names."
The AMC Maihama 16 Theatre in Chiba Prefecture and the AMC Holiday Inn 18 in Toyohashi, also announced today, are the fourth and fifth megaplexes to be announced in Japan as part of AMC's international expansion.
AMC's first theatre in Japan, the AMC Canal City 13 in Fukuoka, opened in 1996. The second location, the AMC Nakama 16, will open in late fall 1998. The third, the AMC Shinsei 16, is scheduled to open in spring 2000.
A megaplex is a multi-screen theatre featuring wall-to-wall screens, stadium-style seating in plush, high-backed LoveSeats(TM) with retractable armrests and AMC's signature cupholders, and other special amenities to enhance the moviegoing experience.
Megaplex technology includes AMC's proprietary High Impact Theatre System (HITS), which combines wall-to-wall and floor-to-ceiling screens with full digital sound systems featuring Sony Dynamic Digital Sound(TM) (SDDS(TM)).
The AMC Maihama 16 will include 16 auditoriums with a total of 3,500 cozy LoveSeat-style seats. The megaplex's concession stand will feature American theatre fare -- such as hot dogs, nachos, candy and, of course, fresh-popped popcorn -- along with selected traditional Japanese refreshments.
"Our expansion in Japan continues as the Japanese moviegoers appreciate the choice, convenience and customer care amenities of the AMC megaplex," Singleton said.
AMC Entertainment Inc. is a leader in the U.S. theatrical exhibition industry through its largest subsidiary, American Multi-Cinema, Inc., and is also active in select international markets. The Company operates 231 theatres with 2,557 screens in 23 states, the District of Columbia, Japan, Portugal and Spain. Its Common Stock trades on the American Stock Exchange under the symbol AEN. The Company is headquartered in Kansas City, Mo. For more information on the Company, visit the website at http://www.amctheatres.com.
Any forward-looking statements contained in this release, which reflect management's best judgment based on factors currently known, involve risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements included herein as a result of a number of factors, including but not limited to the Company's ability to enter into various financing programs, competition from other companies, demographic changes, changes in economic climate, increase in demand for real estate, construction delays, the ability to open new theatres and screens as currently planned, changes in real estate, zoning and tax laws, the performance of films licensed by the Company and other risks and uncertainties.
SOURCE AMC Entertainment Inc.
/CONTACT: Brenda Nolte, Corporate Affairs Officer of AMC Entertainment Inc., 816-221-4000/
/Web site: http://www.amctheatres.com/
CO: AMC Entertainment Inc. ST: Missouri IN: ENT LEI REA SU: PDT
-0- Oct/30/1998 12:00 EOS (PRN) Oct/30/98 12:00 86 â -0- (PRN) Oct/30/1998 12:15