Rave Cinemas Baldwin Hills Crenshaw 15
2014
Why
Cinemark bought this Los Angeles theater in June 2014.
Cinemark Holdings, Inc.
Motion Picture Exhibition and EntertainmentFounded 1984- HQ today: Plano, Texas
Reviewed by Swet Parvadiya
Company data updated: October 2026
Acquisitions
Cinemark Acquisitions
5
Major Deals Covered
$240M
Disclosed Deal Value
What are Cinemark's biggest acquisitions?
Cinemark's largest disclosed acquisition here is Rave Cinemas for $240M in 2013. This page covers 5 major deals from 1987 to 2014, each with its price where disclosed and the reason behind it.
- Major deals covered
- 5
- Largest deal
- Rave Cinemas ($240M)
- First deal
- 1987
- Most recent
- 2014
| Company | Year | Price | Purpose |
|---|---|---|---|
| Plitt Theatres | 1987 | Undisclosed | Cinemark bought all of Plitt Theatres, which had acquired the original Cinemark circuit in 1980. |
| Century Theatres | 2006 | Undisclosed | Announced in August 2006 and completed on October 5, 2006, using cash and stock. The deal added more than 80 theaters, strengthened Cinemark in Northern California, and brought it into Alaska, Nevada, South Dakota, and Washington. |
| Muvico Theaters (four theaters) | 2009 | Undisclosed | Bought four large Muvico theaters in Maryland and Florida, including Arundel Mills Egyptian 24 and Palace 20 in Boca Raton. |
| Rave Cinemas | 2013 | $240.0M | Announced in November 2012 and closed on May 29, 2013. Added 32 theaters and 483 screens in 12 states, including a larger presence in New England. |
| Rave Cinemas Baldwin Hills Crenshaw 15 | 2014 | Undisclosed | Cinemark bought this Los Angeles theater in June 2014. |
- What companies has Cinemark bought?
- Major acquisitions by Cinemark documented here include Rave Cinemas (2013), Rave Cinemas Baldwin Hills Crenshaw 15 (2014), Muvico Theaters (four theaters) (2009), Century Theatres (2006) and Plitt Theatres (1987).
- What is Cinemark's most recent acquisition?
- The most recent Cinemark acquisition documented here is Rave Cinemas Baldwin Hills Crenshaw 15, in 2014.
Rave Cinemas
2013
$240M
Why
Announced in November 2012 and closed on May 29, 2013. Added 32 theaters and 483 screens in 12 states, including a larger presence in New England.
Outcome
To close the deal, Cinemark had to sell three theaters to Carmike under antitrust rules.
Muvico Theaters (four theaters)
2009
Why
Bought four large Muvico theaters in Maryland and Florida, including Arundel Mills Egyptian 24 and Palace 20 in Boca Raton.
Century Theatres
2006
Why
Announced in August 2006 and completed on October 5, 2006, using cash and stock. The deal added more than 80 theaters, strengthened Cinemark in Northern California, and brought it into Alaska, Nevada, South Dakota, and Washington.
Outcome
Cinemark became the third-largest U.S. exhibitor and still runs many theaters under the Century brand.
Plitt Theatres
1987
Why
Cinemark bought all of Plitt Theatres, which had acquired the original Cinemark circuit in 1980.
Cinemark Holdings, Inc.'s Growth & Acquisition Strategy
Cinemark's growth plan centers on raising revenue per guest instead of adding many new theaters. It is adding Cinemark XD, D-BOX, and ScreenX auditoriums, upgrading to Barco laser projection, and adding recliners. On food and drink, it is widening menus, selling collectible popcorn buckets and movie merchandise, and expanding mobile ordering and delivery through DoorDash, Uber Eats, Grubhub, and 7NOW. It also grows Movie Club and its free Movie Rewards program (nearly 30 million loyalty members worldwide) and programs concerts, anime, and other event content. It returns cash through share buybacks and a reinstated dividend.
How Cinemark Holdings, Inc. Makes Money
Cinemark earns revenue in three ways. Admissions: it sells tickets and pays studios a film rental share, so ticket margins are thin. Concessions: popcorn, drinks, food, alcohol, and movie merchandise carry much higher margins and hit record per-capita spend in 2025 and Q2 2026. Other revenue: screen advertising, Movie Club subscription fees, loyalty, and event or alternative content. In Q2 2026, admissions were $540 million and concessions $433 million out of $1.086 billion in total revenue. Premium formats let Cinemark charge more per ticket, and Movie Club brings in recurring monthly fees.
Cinemark Acquisitions FAQ
When did Cinemark acquire Century Theatres?
Cinemark announced the Century Theatres deal in August 2006 and closed it on October 5, 2006, paying with cash and stock. It added more than 80 theaters and brought Cinemark into Alaska, Nevada, South Dakota, and Washington.
Why did the Century Theatres acquisition matter?
It strengthened Cinemark in Northern California and the West and made it the third-largest U.S. exhibitor. Many theaters still use the Century brand.
What was Cinemark's acquisition of Rave Cinemas?
Cinemark agreed in November 2012 to buy Rave Cinemas for $240 million and closed on May 29, 2013. The deal added 32 theaters and 483 screens in 12 states. Antitrust remedies required Cinemark to sell three theaters to Carmike.
What did Cinemark buy from Muvico?
In 2009, Cinemark bought four Muvico theaters in Maryland and Florida, including Arundel Mills Egyptian 24 and Palace 20 in Boca Raton.
Did Cinemark sell any theaters?
Yes. Cinemark sold its Mexican theaters to Cinemex in 2013 and made antitrust divestitures as part of the Rave deal.
What are National CineMedia and Fathom Events to Cinemark?
Cinemark was a founding member of National CineMedia, the cinema advertising network, and of AC JV, the Fathom Events joint venture that distributes event content to theaters.
What companies has Cinemark acquired?
In 2006, Cinemark executed a massive acquisition of Century Theatres (which dominated the West Coast), and later acquired Rave Cinemas in 2012 to rapidly expand its footprint of modern, stadium-seating multiplexes.
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