KERASOTES SHOWPLACE THEATRES, LLC is a movie theatre operator
primarily in the
Midwestern United States
Midwestern United States . Based in
Kerasotes Showplace Theatres, LLC was the sixth-largest movie-theatre
North America with 957 screens in 95 locations in
New Jersey , and
Wisconsin . The chain was sold to AMC
Theatres in 2010, except for its Icon Theatre locations and one
location in New Jersey.
The company was founded in 1909, when Gus Kerasotes, a Greek
immigrant, opened a storefront nickelodeon movie theatre in
Illinois . He and his brother, Louis G. Kerasotes,
operated the theater business together for over fifty years. His four
sons, George , Louis, John, and Nicholas, joined him in the business
and by the 1930s, the company had one theatre.
The chain undertook a major expansion program during the 1990s and
2000s adding several hundred screens to the circuit.
In January 2008, Kerasotes acquired AGT Enterprise's Star Cinema
brand. The purchase includes four theatres in
Wisconsin and two in
Iowa. The theatres retained the Star Cinema name and honored gift
cards until the AMC acquisition.
Kerasotes Showplace Theatres, LLC remains a family business. It is
currently managed by the third generation of family with Tony
Kerasotes as chief executive officer and Dean Kerasotes as chief
On Tuesday, January 19, 2010, Kerasotes Showplace Theatres, LLC
announced that they signed a definitive agreement to sell most of the
assets to AMC Entertainment, Inc. , combining the nation's second and
sixth largest movie theatre chains.
On Tuesday, May 25, 2010, the $275 million sale between Kerasotes
Theatres and AMC Entertainment, Inc. was completed.
The sale left Kerasotes with three theatre sites, in Chicago,
St. Louis Park ,
Minnesota (the Icon Theatre sites) and
Secaucus , New Jersey, their last remaining standard theatre.
AMC Theatres and
Kerasotes Theatres Announce Entry Into
Definitive Agreement, AMC Entertainment, January 19, 2010
* ^ Kerasotes Plans Sale of Theatres to AMC, NWI.com, January 22,
AMC Theatres and
Kerasotes Theatres Announce Completion of
Sale, AMC Entertainment, May 25, 2010
* ^ AMC Closes on $275 Million Purchase of Kerasotes Theatres
Chain, Kansas City Business Journal, May 25,