By Gene Sears
BRIGHTON — The city’s lone movie theater has its third new owner in five years.
But local theater management doesn’t expect any significant changes for moviegoers.
AMC Entertainment Group acquired the Pavilions Stadium 12 theaters as part of a $275 million deal to purchase the former Kerasotes Theaters chain.
“Not too much,” Pavilions 12 general manager Sean Apodaca said about changes patrons will see immediately following the sale. “We will be training while we are still open for business. So basically nothing will drastically change until probably toward the end of summer with price changes or concession products or things like that.”
Apodaca didn’t foresee any gaps in service as a result of the ownership swap. He noted that the change came as no surprise and AMC representatives communicated a desire for business as usual throughout the process.
“Unless we have to shut down because of the city wanting us to for code reasons,” Apodaca said. “Because we have to get new permits, that is the only reason I could see us shutting down was if the city made us until we could get permits. Other than that, no schedules to close down or anything like that.”
The sale was initially held up by U.S. Justice Department over concerns that the Kerasotes’ purchase would decrease movie theater competition in Chicago, Denver and Indianapolis and lead to higher ticket prices. The issue was resolved May 24 when AMC agreed to sell nine theaters to rival Regal Entertainment Group, the nation’s largest theater chain. Colorado Attorney General John Suthers subsequently announced that his office reached an agreement with AMC Entertainment Group in connection with the proposed acquisition, in which the company will be required to divest its Louisville Colony Square 12 and Arvada Olde Town 14 theaters.
“With the addition of Kerasotes’ highly regarded assets, we will continue to redefine the future of our industry,” AMC Chief Executive Officer Gerry Lopez said in a press release following the sale. “With almost 200 years in the exhibition business between us, our collective experiences and our complementary geographic footprints will allow us to enhance our reputation for excellence and leadership, which are a part of each company’s culture.” AMC now has 380 theatres with 5,325 screens across the country.
The Pavilions Theaters originally opened in 2005 under the ownership of California-based Century Theaters and was later purchased by Kerasotes, an independent movie theater chain based mainly in the Midwest.