Carmike Cinemas, Inc. operates as a motion picture exhibitor in the United States. As of December 31, 2014, the company owned, operated or had an interest in 274 theatres with 2,897 screens located in 41 states. All of its theatres are equipped to provide digital cinema, as of December 31, 2014. In addition, the company had 257 theatres with 1,080 screens equipped for 3-D, as of December 31, 2014. The company operated 45 premium large-format auditoriums, which operated under the Big D, IMAX and MuviXL names. 16 of its auditoriums feature IMAX digital projection systems. The company’s MuviXL auditoriums feature wall-to-wall extreme bright white screens specifically manufactured to optimize and more evenly disburse light onto the screen, 4k digital cinema projectors, 7.1 surround sound and digital projection for both 2-D and 3-D features. Seasonality In years where Christmas falls on a weekend day, the company’s revenues are typically lower because its patrons generally have shorter holiday periods away from work or school. Film Licensing The company obtains licenses to exhibit films by directly negotiating with film distributors. It licenses films through its booking office located in Columbus, Georgia. Relationship with Distributors The following distributors accounted for approximately 90% of the company’s box office admissions for the year ended December 31, 2014: Walt Disney Studios Motion Pictures, 20th Century Fox, Paramount, Sony Pictures Entertainment, Universal, Warner Brothers, The Weinstein Company and Lions Gate Features. Digital Cinema The company executed a Master License Agreement with Christie/AIX (Christie) in 2005 which covers the majority of digital projectors. This agreement calls for Christie to license and install up to 2,300 digital cinema projection systems in the company’s theatre auditoriums. Trademarks and Trade-Names The company owns or has rights to trademarks or trade-names that are used in conjunction with the operations of theatres. The company owns Carmike Cinemas and Hollywood Connection, the Carmike C and its film strip design, Big D, Carmike Rewards, Muvico, MuviXL, Digiplex, and Wynnsong Cinemas trademarks. In addition, the company’s logo is its trademark.
carmike cinemas inc (CKEC:NASDAQ GS)
1301 First Avenue
Columbus, GA 31901
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