Merger Between Regal Cinemas and Consolidated Theaters Blocked

on April 30, 2008
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The Justice Dept. has moved to block a proposed merger between Regal Cinemas and Consolidated Theaters according to Variety. Both companies will need to divest their movie theater assets in three North Carolina cities before the $210 million deal can go through.

The Justice Dept. announcement read that "The transaction, as originally proposed, would substantially lessen competition among firstrun commercial movie theaters in areas of Charlotte, Raleigh and Asheville, N.C., resulting in higher ticket prices and a decreased quality viewing experience for moviegoers."

 

Tags: regal entertainment, mergers
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