Cinemark Completes Required Divestiture of 52 Screens
PLANO, Texas -- August 16, 2013
Cinemark Holdings, Inc. (NYSE: CNK), one of the largest motion picture
exhibitors in the world, announced today that it has closed the previously
announced divestiture to Carmike Cinemas of three theatres and 52 screens
required by the Department of Justice final judgment in the Rave Cinemas
acquisition. Net of the divestiture, Cinemark acquired 29 theatres and 431
screens from Rave Cinemas, expanding its diversified domestic footprint into
40 states and 99 DMAs, including the New England market.
About Cinemark Holdings, Inc.:
Cinemark is a leading domestic and international motion picture exhibitor,
operating 504 theatres with 5,794 screens in 40 U.S. states, Brazil, Mexico,
Argentina, and 10 other Latin American countries as of June 30, 2013. For more
information, go to investors.cinemark.com.
Certain matters within this press release include “forward–looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements may involve known and unknown risks, uncertainties
and other factors that may cause the actual results or performance to differ
from those projected in the forward-looking statements. For a description of
these factors, please review the “Risk Factors” section or other sections in
the Company’s Annual Report on Form 10-K filed February 28, 2013 and quarterly
reports on Form 10-Q, filed with the Securities and Exchange Commission. All
forward-looking statements are expressly qualified in their entirety by such
Cinemark Holdings, Inc.
Chanda Brashears, 972-665-1500
Investor Relations Manager
James Meredith, 972-665-1680
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