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Rave Motion Pictures
Texas film legacyexhibition company

Rave Motion Pictures

Rave's first theater, the $12 million, 60,000-square-foot Rave Hickory Creek 16 north of Dallas, opened on December 21, 2000; its design by Cal Young won a 2001 National Concrete Masonry Association Design Award of Excellence.

Dallas · Opened 2000 · theaters sold in 2012–2013 to Carmike, AMC and Cinemark; Rave name continued as a…

The story

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.

Why it matters

Cinema Treasures says Rave moved to digital projection ahead of its competitors and in 2005 offered exclusive North Texas RealD 3D screenings, including Chicken Little, at its three area theaters. ↗︎
In 2013 the Justice Department described Rave as headquartered in Dallas, with 35 theaters and 518 screens in a dozen states, and the seventh-largest U.S. exhibitor by box office revenue. ↗︎
Rave's sales of 48 theaters to Cinemark and Carmike in 2012 totaled 734 all-digital screens, including 14 IMAX screens. ↗︎

Owners

OwnerYears
Rave Holdings, LLC / Rave Cinemas, LLC (Dallas)2000–2013 ↗︎
Rave Reviews Cinemas, LLC, a portfolio company of BV Investment Partners (owner of 16 theaters sold to Carmike)until 2012 ↗︎

The company

On October 1, 2012, Carmike Cinemas agreed to buy 16 theaters with 251 screens in seven states, managed under the Rave Motion Pictures brand, from Rave Reviews Cinemas for $19 million in cash plus $100.4 million in assumed lease obligations. ↗︎
In December 2012 AMC bought four theaters with 61 screens from Rave Reviews Cinemas, LLC and six theaters with 95 screens from Rave Digital Media, LLC for $87.6 million in cash. ↗︎
Cinemark completed its purchase of 32 Rave theaters with 483 screens on May 29, 2013, for about $236.9 million in cash. ↗︎
To settle the antitrust case, Cinemark had to sell three theaters; Carmike bought the Rave Hickory Creek 16, Rave Stonybrook 20 in Louisville and Rave Ritz Center 16 in Voorhees, New Jersey, in July 2013. ↗︎
The Rave Ridgmar 13 in Fort Worth opened on December 17, 2003, as Rave's second Dallas-Fort Worth theater, a $15 million, 62,000-square-foot stadium-seat megaplex. ↗︎
Image credits (1)

Rave Motion Pictures: Dwight Burdette, CC BY 3.0, Wikimedia Commons.

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