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EXHIBITION BRIEFINGS<br />
REGAL, NEI MERGE<br />
Michael L. Campbell, president and chief<br />
executive officer of Regal Cinemas Inc., announced<br />
the completion of the acquisition of<br />
Neighborhood Entertainment Inc. for<br />
362,1 13 shares of Regal common stock. Regal<br />
will also recognize certain one-time charges<br />
totaling $1 .5 million after tax for its second<br />
quarter ending |une 29, 1995, related to the<br />
refinancing of NEI's debt, acquisition expenses<br />
and severance payments. Regal will<br />
account for this transaction as a pooling of<br />
interests. NEI currently operates 25 theatres<br />
with 99 screens, primarily in the Tidewater<br />
and Richmond areas of Virginia. This acquisition<br />
brings Regal's screen count to 832,<br />
making Regal the ninth-largest theatre circuit<br />
in North America.<br />
Prior to the finalization of the merger, NEI<br />
and Charlottesville 2000 announced the signing<br />
of a lease agreement to build a new sixplexon<br />
the downtown mall of Charlottesville,<br />
Va. The 18,730-square-foot facility will be<br />
located near a new ice skating rink and food<br />
court being developed by the Charlottesville<br />
2000 group. "The Charlottesville complex is<br />
one that we look forward to as a showcase<br />
project, which will blend well with our commitment<br />
to quality entertainment," said<br />
Campbell. Completion is slated for late November.<br />
Additionally, Regal plans to add 210 new<br />
screens across the United States within the<br />
next 18 months. One hundred and seventytwo<br />
screens will be operated at 1 4 new locations,<br />
and 38 screens will be added at existing<br />
locations. The first of the new theatres, the<br />
40,000 square foot Bellvue Cinema 12 in<br />
Nashville, Tenn., opened March 31. The<br />
Bellvue features tiered stadium-style auditoriums<br />
in two theatres—a first for the chain.<br />
Reflecting this flurry of activity was Regal's<br />
recent announcement that it has been included<br />
in Fortune magazine's annual listing<br />
of the 100 fastest growing companies in<br />
America for the second consecutive year.<br />
MOVING UP WITH MUVICO<br />
has named |on Wray as the vice presi-<br />
1 lamitl Hashemi, president ol Muvico Theatres,<br />
dent of operations. Wray will oversee all<br />
operations and concessions. Wray has over<br />
30 years of experience in theatre exhibition.<br />
He is the president of the Florida chapter of<br />
the National Association of Theatre Owners<br />
(NATO), and is a member of the ShowEast<br />
executive committee. He was previously vice<br />
president of operations at Wometco Theatres.<br />
Muvico Theatres currently operates 30<br />
screens in Florida, and plans the opening of<br />
102 new screens in six Florida locations<br />
within the next 14 months.<br />
BERTOLINO TO NEW HEIGHTS<br />
AT HOYTS<br />
Carl Bertolino has been appointed ,is the<br />
new senior vice president of film and marketing<br />
of Hoyts Cinemas Corp., announced President<br />
Morris K. Englander. Bertolino, a<br />
21 -year film industry veteran, joined Hoyts in<br />
October of 1994 as vice president of film<br />
following a five-year tenure with National<br />
Amusements as a film booker.<br />
AMC HAS GRAND NEWS<br />
FOR JOHANNES<br />
AMC Theatres, a subsidiary of AMC Entertainment<br />
Inc., announced that it has named<br />
Michael Johannes as general manager of its<br />
newest and largest theatre complex. The<br />
Michael Johannes<br />
Grand 24, located in Dallas. Johannes, who<br />
previously served as general manager or<br />
AMC's Fashion Island 16 Theatres in Miami,<br />
will supervise The Grand 24's staff of 200<br />
when the theatre opens in May. The 85,000-<br />
square-foot Grand 24 will feature computerized<br />
ticketing and concessions, stadium-style<br />
seating with 46-inch row spacing and highback<br />
seats with cupholder armrests. All auditoriums<br />
will feature Sony Dynamic Digital<br />
Sound and AMC's High Impact Theatre System<br />
that includes Torus compound curved<br />
screens which enhance picture clarity.<br />
AMC has also announced that plans have<br />
been finalized for the construction of an entertainment<br />
mall anchored by another 24-<br />
screen AMC Theatre in Dallas. This megaplex<br />
will be situated next to the Galleria Mall, and<br />
is scheduled to open in late 1996 or early<br />
1 997 The theatre will occupy the third floor<br />
of a three-level mall being develofied by<br />
EDG/Entertainment Development Group Inc.<br />
The first two floors will contain entertainment-related<br />
retail shops and restaurants.<br />
AMC Entertainment Inc. is headquartered<br />
in Kansas City, Mo., and operates 1.624<br />
screens in 231 theatres in 22 states.<br />
UA BOW IN DENTON, TEXAS<br />
Man h I 7 marked the gr.md opening ol lh
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