Business & Tech

Southington Starplex Being Sold to AMC

Starplex will be bought by AMC by the end of this year.

The Southington and Berlin Starplex cinema locations will become AMC theaters after the companies complete the purchase later this year.

The sale is part of a $172 million deal, according to a release from AMC.

“This acquisition is expected to create immediate and long-term substantial value for guests and shareholders,” said AMC CEO Gerry Lopez. “We will add 90 recliner re-seated screens to our portfolio and plan to add recliners to an additional 80 screens over the next five years, further transforming the movie-going experience for millions of guests. Our large market theatre portfolio will be complemented by new small and mid-size market theatres, which gives AMC broader movie genre appeal across a wider spectrum of guests.”

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Both companies anticipate closing the deal by the end of the year. AMC will increase its size from 347 locations to about 380 when the sale is finished.

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