LOS ANGELES - William J. Stembler, Chairman and CEO of Georgia Theatre Company, will be honored as the "ShoWester of the Year" at the 2010 ShoWest Convention, it was announced today by Robert Sunshine, Managing Director of the annual event. The award presentation will take place at ShoWest's Final Night Banquet and Award Ceremony on Thursday, March 18, at Bally's and Paris Las Vegas.

"Each year, ShoWest strives to honor an individual who, throughout their career, has demonstrated a dedication to the betterment of the exhibition industry and its causes," said Sunshine. "Since 1973, Bill Stembler's dedication to the motion picture industry and passion for the silver screen has been unparalleled; and we are thrilled to honor him as the 2010 ShoWester of the Year."

Stembler joined Georgia Theatre Company in September 1973 as House Counsel and Vice President of related theatre companies, handling legal matters, site selection and new theatre development. He was named President in 1983. After the sale of the theatre circuit to United Artists in 1986, Stembler became Vice President of UA until 1988 when he left to form and become president of several new theatre companies. In 1991, Georgia Theatre Company-II was formed and has grown to become one of the twenty largest circuits in the US. The company operates 272 screens in 27 locations in Georgia, Florida, South Carolina and Virginia. Stembler has served as a member of the Board of Directors and Chairman of the National Association of Theatre Owners, as well as serving on their executive and finance committees.

Past recipients of the "ShoWester of the Year" award have included Tony and Dean Kerasotes, Ellis Jacob, MaryAnn & J. Wayne Anderson, Peter Brown, Stephen Marcus, T.G. "Teddy" Solomon, Phil Harris, Michael Campbell, Kurt Hall, Bruce Corwin and Lee Roy Mitchell.

ShoWest is the largest annual convention for the motion picture industry. It is the only international gathering devoted exclusively to the movie business and the single largest international gathering of motion picture professionals and theatre owners in the world. The 2010 edition of ShoWest will be held March 15 - 18, 2010 at Bally's and Paris Las Vegas and is expected to draw more than 5,000 members of the motion picture industry. Each year, ShoWest attracts delegates from more than 50 countries in North and South America, Europe, Asia and Australia. ShoWest is produced by the Film Group of e5 Global Media. The Film Group also includes ShowEast, CineAsia, Cinema Expo International and Film Journal International. e5 Global Media also produces the Film Group's sister publication, The Hollywood Reporter.

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Kansas City, Mo. - AMC Entertainment Inc. ("AMC"), and Kerasotes Showplace Theatres, LLC ("Kerasotes"), two leading theatrical exhibition and entertainment companies in the U.S., announced today that they have entered into a definitive agreement pursuant to which AMC will acquire substantially all of the assets of Kerasotes. Kerasotes owns 96 theatres and 973 screens in mid-sized, suburban and metropolitan markets, primarily in the Midwest. More than three quarters of the Kerasotes theatres feature stadium seating and almost 90 percent have been newly built since 1994. Following the consummation of the proposed transaction, Tony and Dean Kerasotes will retain and operate their two new ICON concept theatres in Minneapolis, MN and Chicago, IL; and one Showplace theatre in Secaucus, NJ. Kerasotes is currently owned by the Kerasotes family and Providence Equity Partners.

"Combining Kerasotes' highly-regarded assets and operations with our own is a natural way for us to continue re-defining the future of our industry," said Gerry Lopez, AMC CEO and president. "With almost 200 years in the exhibition business between us, our collective experiences and our complementary geographic footprints will allow us to maintain the reputation for excellence and leadership that is part of each company's culture."

"Our team has delivered a consistent, high quality experience for customers, and we have appreciated Providence's partnership over the last six years in helping Kerasotes grow into the sixth largest motion picture exhibition company in North America" said Tony Kerasotes, Chief Executive Officer. "We expect these theatres will be a strong addition to the AMC theatre circuit, and look forward to successfully completing the transaction with AMC and to beginning our next chapter."

Completion of the acquisition is subject to the satisfaction of customary closing conditions for transactions of this type, including Department of Justice antitrust approval.

Kerasotes Theatres' financial advisor was Peter J. Solomon Company, LP.

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COLUMBUS, Ga. -- Carmike Cinemas, Inc. (NASDAQ: CKEC), a leading digital cinema and 3D motion picture exhibitor, today announced that John A. Lundin has been appointed Vice President-Film, responsible for Carmike's relationships with motion picture production companies. The appointment is effective January 25th and Mr. Lundin will report to Chief Operating Officer Fred Van Noy.

Lundin, a 37-year theatrical exhibition and film industry veteran, most recently served as District Manager for Sony Pictures Distribution, which he joined in July 2009. Prior to his tenure at Sony, he was VP Film/Head Film Buyer at one of the world's leading theatre exhibitors for 14 years. Lundin has also held management positions at Cannon Pictures, Litchfield Theatres/United Artists Theatres, Columbia Pictures and United Artists Pictures. He began his career in the industry in 1972 at Buena Vista Distribution following his college education.

Carmike Cinemas President and Chief Executive Officer David Passman, stated, "John brings an extensive track record of relevant industry experience to Carmike, and we are delighted that he will be joining our team. He has a unique background, having sat on both sides of the negotiating table at various organizations throughout his career. For Carmike and all exhibitors, film selection and determining the best markets for a given motion picture is a critical element of success, while film rental is an important piece of our cost structure. We are confident that John is well suited to represent Carmike as its lead film buyer, overseeing these key areas for us."

Mr. Lundin is a Director of the Will Rogers Motion Pictures Pioneers Foundation and also serves on its Neonatal Committee. He graduated with a Bachelor of Arts degree from Hillsdale College in Michigan.

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Source: THR

Screenwriter Michael R. Perry and director Kevin Greutert have been tapped to put together a sequel to Paranormal Activity for Paramount. The project will go up against Saw VII this coming October. The first Paranormal Activity was able to grab the top spot at the box office over Saw VI this past October.

No plot details have been released at this time.

Paranormal Activity turned into one of the biggest surprise hits of all time thanks to a worldwide haul of more than $150 million.

 

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