Regal Entertainment Group, through its subsidiaries, operates as a theatre circuit in the United States. As of December 26, 2013, the company’s theatre circuit’s included 7,394 screens in 580 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia. As of December 26, 2013, the company had an average of 12.7 screens per location. The company develops, acquires, and operates multi-screen theatres primarily in mid-sized metropolitan markets and suburban growth areas of larger metropolitan markets throughout the United States. The company operates its theatre circuit using its Regal Cinemas, United Artists, Edwards, Great Escape Theatres and Hollywood Theaters brands through its wholly owned subsidiaries. The company’s multi-screen theatre complexes typically contain 10 to 18 screens, each with auditoriums ranging from 100 to 500 seats. It offers a selection of films and convenient show times. In addition, many of its theatres feature amenities, such as immersive wall-to-wall and floor-to-ceiling screens, Sony Digital Cinema 4K projection systems, three dimensional digital projection systems, digital stereo surround-sound, closed-captioning, multi-station concessions stands, computerized ticketing systems, plush stadium seating with cup holders and retractable armrests and enhanced interiors featuring video game and party room areas adjacent to the theatre lobby. The company offers various forms of convenient ticketing methods, including print-at-home technology, self-serve kiosks, e-gift cards and mobile ticketing. The company licenses films on a film-by-film and theatre-by-theatre basis by negotiating directly with film distributors. Business Strategy The company’s business strategy focuses on enhancing its position in the motion picture exhibition industry by distributing value to its stockholders, realizing selective growth opportunities through new theatre construction, managing, expanding and upgrading its existing asset base with new technologies and customer amenities and capitalizing on prudent industry consolidation and partnership opportunities. Key elements of the company’s business strategy include maximizing stockholder value; pursuing selective growth opportunities and active asset management; pursuing premium experience opportunities; and pursuing strategic acquisitions and partnerships. National CineMedia, LLC (National Cinemedia) Joint Venture The company maintains an investment in National CineMedia, which operated the digital in-theatre network in North America representing approximately 19,900 U.S. theatres screens (of which approximately 19,100 are part of National CineMedia's digital content network) as of December 26, 2013. During 2013, approximately 710 million patrons attended movies shown in theatres in which National CineMedia has exclusive cinema advertising agreements in place. Digital Cinema Implementation Partners, LLC (DCIP) Joint Venture The company maintains an investment in DCIP, a joint venture company formed by the company, AMC, and Cinemark USA, Inc. The company held a 46.7% economic interest in DCIP as of December 26, 2013. It operated 7,305 screens outfitted with digital projection systems. Open Road Films Joint Venture The company maintains an investment in Open Road Films, a film distribution company that is jointly owned by the company and AMC. Open Road Films markets smaller budget films. Open Road Films distributed seven films during 2013. Concessions In addition to box office admissions, the company has concessions sales. The company focuses on expanding its menu of food and beverage products. Its menu includes hot made-to-order meals, customizable coffee, and other specialty products in select theatres. During 2013, the company offered expanded food items in 81 theatres. In addition, as of December 26, 2013, it had launched seven Cinebarre locations, which offer patrons the convenience of various lunch and dinner menu options, including beer and wine, at the customer's seat before and during the featured film. Seasonality The company’s revenues are usually seasonal, coinciding with the timing of releases of motion pictures by the major distributors. The unexpected emergence of a hit film during other periods can alter the traditional trend. The timing of movie releases can have a significant effect on the company’s results of operations, and the results of one fiscal quarter (year ended December 26, 2013) are not necessarily indicative of results for the next fiscal quarter or any other fiscal quarter. The seasonality of motion picture exhibition, however, has become less pronounced as motion picture studios are releasing motion pictures somewhat more evenly throughout the year. Regulation The company’s theatres must comply with Title III of the Americans with Disabilities Act of 1990 (the ADA) to the extent that such properties are public accommodations and/or commercial facilities as defined by the ADA. History Regal Entertainment Group, a Delaware corporation, was founded in 2002.
regal entertainment group-a
7132 Regal Lane
Knoxville, TN 37918
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