Consolidated Theatres (North Carolina)

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For the unrelated movie chain in Hawaii with the same name, see Consolidated Theatres (Hawaii).
Consolidated Theaters
Company typeBrand
IndustryEntertainment
FoundedCharlotte, North Carolina, USA
FounderHerman Stone
FateAcquired by Regal Entertainment Group

Consolidated Theaters was a movie theater chain based in Charlotte, North Carolina. The company owned over 28 theaters and 400 movie screens in 6 states along the East Coast. Most of its theaters are now operated by several other theater chains. Its first theater was the Park Terrace in Charlotte, North Carolina. Founded by Herman Stone, it was once part of The Stone Group. The theaters usually had upwards of 10 auditoriums, which in some cases, drove older competitors with fewer screens out of business. Consolidated Theaters was acquired by Regal Entertainment Group on May 1, 2008.[1] As a condition of approval of the acquisition, the United States Department of Justice required that Regal sell 4 theaters in the Charlotte and Raleigh, North Carolina markets to Cinemark Theaters to ensure continued competition.[2]

References

  1. ^ Regal Entertainment Group - Regal Entertainment Group Completes Acquisition of Consolidated Theaters[permanent dead link]
  2. ^ Justice Department Requires Divestitures in Regal Cinemas' Merger with Consolidated Theaters Archived 2008-05-15 at the Wayback Machine

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