Regal Entertainment Group (NYSE:RGC) a leading motion picture exhibitor
owning and operating the largest theatre circuit in the United States,
today announced the formation of a joint venture, Cinebarre, LLC, with
Terrell Braly. Mr. Braly, previously the CEO of the Alamo Drafthouse
Cinemas, will serve as CEO of the new venture.
The new company will be based in Asheville, NC with the first Cinebarre
scheduled to open at the Biltmore Square Mall in July 2007 and the
second theater scheduled to open in the fall of 2007 at a yet to be
announced location in another market. Based on performance of this
concept, additional Regal, United Artists and Edwards theaters may
become Cinebarres under the structure of the new joint venture.
About Cinebarre LLC
Cinebarre is a unique movie theater and restaurant concept serving food,
beer and wine before and during the screening of popular first-run
films, specialty programming and celebrity events. The menu contains top
quality foods, including a selection of fresh handmade pizzas, burgers,
and homemade desserts along with a connoisseur's selection of beer and
wine. For more information about Cinebarre, visit www.cinebarre.com.
About Regal Entertainment Group
Regal Entertainment Group (NYSE:RGC) is the largest motion picture
exhibitor in the world. The Company's theatre circuit, comprising Regal
Cinemas, United Artists Theatres and Edwards Theatres, operates 6,403
screens in 539 locations in 39 states and the District of Columbia.
Regal operates approximately 18% of all indoor screens in the United
States including theatres in 43 of the top 50 U.S. markets and growing
suburban areas. We believe that the size, reach and quality of the
Company's theatre circuit not only provide its patrons with a convenient
and enjoyable movie-going experience, but is also an exceptional
platform to realize economies of scale in theatre operations and,
through its investment in National CineMedia, LLC, further realize
cinema advertising, marketing and other revenue enhancing opportunities
by utilizing Regal's existing asset base. Additional information is
available on the Company's Web site at www.REGmovies.com.