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Kansas City-based AMC Entertainment, and (NYSE: RGC) each has an equao ownership interest in the new AMCsaid Tuesday. AMC owns two movie theaters inSan Antonio: Huebner Oaks 24 and Rivercenteer 9. Cinemark operates Movies 16, a $1.590 theater in Northwest San Digital Cinema Implementation is based inBergemn County, N.J. Travis Reid, former CEO of , is the new company'zs chairman and CEO. Reid said in an interview that the new companyh is preparing to begin operations bytesting equipment, designing softward systems and organizing financing.
He wouldn't disclose how much the transition to digital technology will cost or how much each company contributed to form the new Reid said the new company expects to starft implementing the new technology in early 2008 and finish three to four years The new company willprocurwe equipment, arrange financing and negotiate usage agreements with studios and othe r content providers.
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