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Cinemark Holdings Inc. Message Board

  • jackmaster20 jackmaster20 Dec 13, 2012 12:42 PM Flag

    Recent Rave acquistion comparative costs

    Last month, both CNK and CKEC purchased theaters from Rave.

    CNK bought 32 theaters/483 screens for $ 240 million ....or $ 496,900 per screen
    CKEC bought 16 theaters/251screens for $ 19 million .....or $ 75,700 per screen

    Both groups of theaters seemed to have the same digital and 3D infrastructure.
    CNK states their screen are mostly located in the NE while CKEC's are located
    in the south, Florida & a few in the Midwest.

    Why would CNK pay 6.5 times more per screen than CKEC ?

    What am I missing ? On the surface it looks like a bad for CNK

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