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Act III Theatres
Act III Theatres was an American company that owned movie theater multiplexes and screens principally located in the states of Texas, Oregon and Washington. The company was in business from 1986 to 1997, when it was sold to Kohlberg Kravis Roberts (KKR). Television producer Norman Lear owned a controlling stake in Act III Theatres through his company Act III Communications.〔("KKR, Hicks Muse to Combine Theater Chains, Acquire Regal" Wall St. Journal January 20, 1998 )〕 At the time of sale in 1997, Act III Theaters consisted of 124 multiplex theaters operating 793 screens located primarily in San Antonio and Austin, Texas, and Portland, Oregon, and was the tenth largest chain of cinemas in the United States.〔Austin-American Statesman October 21, 1997〕〔(''Variety'' August 5, 1997 )〕
==Formation of Act III Theatres==
Act III Theatres was launched in 1986 with the acquisition of Santikos Theatres in San Antonio, Texas.〔(Interview with John Santikos 2002 Institute of Texan Cultures Oral History Collection )〕 Scott C. Wallace, then a senior executive at AMC Theatres, brought the idea to Act III Communications' president Tom McGrath, having received a waiver from his current employer to pursue the transaction.
The group expanded in 1988 by acquiring Luxury Theaters in Portland, Oregon, from Tom Moyer.〔(Eugene Register-Guard November 23, 1988 )〕〔(TMT Development )〕 Luxury Theaters consisted of 87 cinemas operating 293 screens. The purchase price was $150 million.〔("Act III Completes Purchase of Theaters" Los Angeles Times May 3, 1989 )〕 Subsequent to the acquisition of Luxury Theaters, the company's headquarters was relocated from San Antonio to Portland.
Other chains acquired by Act III included Presidio Theaters in Austin, Texas. Following the acquisition of Presidio, Act III consolidated its market position by buying AMC's theaters in Austin, creating the dominant theater circuit in that city. To grow its footprint in the Pacific Northwest, Act III acquired Oregon and Washington theaters then owned by Cineplex Odeon.〔(John Hartl ''Cineplex Odeon To Sell Some Theaters In Region'' Seattle Times June 8, 1992 )〕
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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