Rave Motion Pictures was a Dallas-based circuit that built new stadium-seat megaplexes and then sold them to three larger chains between October 2012 and May 2013. Its first theater, the Rave Hickory Creek 16, opened on December 21, 2000, in the town of Hickory Creek, north of Dallas between Lewisville and Denton. Cinema Treasures calls the site the company's corporate backyard. The $12 million, 60,000-square-foot building was designed by Cal Young and won a 2001 National Concrete Masonry Association Design Award of Excellence. Opening night was free to anyone who brought two cans of food.
The chain's second North Texas theater, the $15 million Rave Ridgmar 13 at Ridgmar Mall in Fort Worth, opened at 12:01 a.m. on December 17, 2003, with three sold-out shows of The Lord of the Rings: The Return of the King. It had stadium seating, digital sound, wall-to-wall screens and four feet between rows. Cinema Treasures says Rave moved away from film to digital projection ahead of its rivals. In 2005 it had exclusive North Texas RealD 3D screenings, including Chicken Little, at its three area theaters. Some of its theaters were owned by real estate investors and leased back to Rave; Entertainment Properties Trust bought the Colonel Glenn 18 in Little Rock, Arkansas, when it was completed in December 2002. In 2009 Rave took on Showcase Cinemas locations, a move Cinema Treasures says made it the fifth-largest U.S. operator for a short time.
In 2012 Rave began selling its theaters. On October 1 Carmike Cinemas agreed to buy 16 theaters with 251 screens from Rave Reviews Cinemas, a BV Investment Partners portfolio company, for $19 million in cash and $100.4 million in assumed leases. In December AMC bought ten more from Rave Reviews Cinemas and Rave Digital Media for $87.6 million. In November 2012 Cinemark agreed to buy 32 of Rave's 35 theaters. In May 2013 the Justice Department and the State of Texas sued over that deal and filed a proposed settlement the same day. They described Rave Holdings as a Dallas company with 35 theaters and 518 screens in a dozen states, the seventh-largest U.S. exhibitor by box office. Under the settlement Cinemark sold the Hickory Creek, Louisville and Voorhees theaters to Carmike. Cinemark closed the Rave purchase on May 29, 2013, for about $236.9 million, and kept the Rave name on some of the theaters it acquired.