The reported sale of Carmike Cinemas to its rival AMC Entertainment will have an impact on Jones Theatres in Shawnee.

The reported sale of Carmike Cinemas to its rival AMC Entertainment will have an impact on Jones Theatres in Shawnee.

The Associated Press reports that AMC, which Chinese conglomerate Dalian Wanda Group bought in 2012, is paying $1.1 billion including debt for Carmike.

The sale will create the world's largest movie theater chain,and will have some relevance in Shawnee since 50 percent of the local theaters are owned by Carmike.

David M. Hammer is the general manager of the three Jones Theatres in Shawnee, which operates Cinema Center 8, Movies 6 and the Hornbeck and Penthouse Twin.

“We have enjoyed our 30-plus year relationship with Carmike Cinemas and have developed lasting friendships with many talented individuals,” Hammer said.

“The pending buy-out of Carmike does include their 50 percent ownership in our local theatres,” he said. “We expect over the next several months to meet with management of both Carmike and AMC in order to determine how best to continue bringing Hollywood hits to Shawnee.”

 

With this sale, the AP reports the combined company will be the dominant theater chain in North America, and also signals Wanda's further expansion into the entertainment industry.

 

Just two months ago, that same corporation said it would spend $3.5 billion to acquire mid-level studio Legendary Entertainment, the co-financier of blockbusters like "Jurassic World" and "The Dark Knight."

Wanda is also behind a multibillion-dollar studio complex being built in eastern China that was used to shoot the upcoming movie, "The Great Wall."

The acquisition will boost AMC's theater locations by more than 70 percent to well over 600 and increase its screen count by half to nearly 8,400. Regal Entertainment Group, the current leader, runs nearly 7,400 screens in about 570 theaters.

The deal is expected to close by the end of the year.

AMC CEO Adam Aron told the AP that he hopes the combination will boost profits in 2017 and enable about $35 million in annual savings, while bringing upscale amenities like alcohol service, reclining chairs, and expanded food offerings to more venues.

AMC Entertainment Holdings Inc. is based in Leawood, Kansas, which will be the combined company's new headquarters. Carmike Cinemas Inc. is headquartered in Columbus, Georgia.

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The Associated Press contributed to this report.