AMC closes another former Kerasotes theater in Illinois

soybean on February 15, 2011 at 6:29 pm

When AMC closed the Will Rogers @ Charleston, Illinois, I wonder how long it would be before they closed the Paris Theater. Anyone know what the grand total is for the number of former Kerasotes Theaters that AMC closed a few months after obtaining & operating them ? Hopefully another theater chain will reopen the theaters that AMC toss away.

CSWalczak on February 16, 2011 at 12:09 pm

I wouldn’t think that there was any anti-trust concern that would arise now. Typically, in a merger or buy-out situation the concern before the merger or purchase on the part of regulators is the effect on area competition with the intent preventing one operator gaining an unfair competitive advantage in a particular area. As far as I can tell, this was the only theater in the immediate Paris area, so competition would not have been a relevant issue.

As far as I know, there is no law or regulation that any town has to have an operating theater, so once a merger or buy-out is approved, the operator can pretty much do as he wants with the acquired properties. While I am dismayed about these AMC closures from an historical standpoint, the reality is that is that the Paris was nearly ninety years old and given the bottom-line mentality of an outfit like AMC, the Paris was probably on their closing list. I am sure that AMC had no interest in upgrading or preserving it, regarding it simply as an unproductive asset. As far as AMC is concerned, Paris area moviegoers can just go to one of the AMC ‘plexes in Terre Haute for what they probably would call in their corporate-speak “an enhanced cinematic experience” or something like that,

I think the real issue for the theater’s prospects is whether AMC will insert one those disgusting “no cinema use” in into any future purchase or lease agreement. I think those clauses are truly in “restraint of trade.” I could see that happening if AMC is looking down the line and imagining Paris, IL eventually becoming regarded as a bedroom suburb of Terre Haute and thus a site for a future megaplex.

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ejfigueroa1978 on June 16, 2012 at 10:43 pm

Does anyone have an email address for the theater? Trying to get a used concession stand, please email me info. Thanks.