PRESS RELEASE

MIAMI, Fla. -- Bardan Cinema (Bardan), a full-service cinema distributor and digital integrator offering a turnkey portfolio of products and services to build out, enhance and maintain cinemas, has expanded its exclusive master distribution agreement with Philips Lightning (Philips) to supply its digital cinema product lines throughout Latin America and the Caribbean.

This announcement comes on the heels of Bardan's agreement with Barco in the fall to roll out its groundbreaking interactive Visual Communication Platform and products and cinemas, retailers, commercial properties and live venues throughout Latin America, the Caribbean and Southeast U.S.

"We have developed a close relationship with Philips (and predecessor companies) for more than a decade and are excited about the opportunity to strengthen the partnership," said Vilma Benitez, CEO of Bardan Cinema. "Our exhibitors can count on Philips' high quality, innovative cinema products along with Bardan's excellent service and 100 percent warranty."

"Bardan is a key partner for the region," said Sami Haddad, Latin Business Development Manager, Philips Lightning. "We value their expertise and support to the cinema industry throughout the Americas and Caribbean."

Bardan will distribute Digital Cinema Xenon line including the new Long Life Lamps, which are officially certified and approved for use in Barco, Christie, NEC, Sony and IMAX projectors used worldwide to light movie screens.

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By Daniel Garris

Kung Fu Panda 3 grossed $2.29 million on Tuesday to lead the daily box office for a fifth consecutive day. The 3D computer animated sequel from Fox and DreamWorks Animation was up a healthy 31 percent over Monday. Kung Fu Panda 3 has grossed $45.32 million in five days of release. The film is running a bit below expectations and 16 percent behind the $53.78 million five-day start of last year's Hotel Transylvania 2 (which increased 27 percent on its First Tuesday to gross $2.98 million). With no new family films going into wide release during the month of February, Kung Fu Panda 3 will have a strong chance of holding up well going forward.

Fellow Fox release The Revenant held steady in second place with $1.21 million. The Alejandro González Iñárritu directed western starring Leonardo DiCaprio increased 26 percent over Monday and decreased 39.5 percent from last Tuesday. The Revenant continues to exceed expectations with $140.72 million after 26 days of wide release (and an additional two weeks of platform release). The film is currently running an impressive 28 percent ahead of the $109.64 million 26-day take of 2010's Shutter Island.

Disney's The Finest Hours was up one spot to move into third place $1.13 million. The 3D action drama starring Chris Pine was up a very strong 48 percent over Monday's performance. The Finest Hours has grossed $12.18 million in five days. While that is towards the higher end of the film's modest expectations, The Finest Hours is performing softly with its price tag in mind. The Finest Hours is running 10 percent behind the recent $13.47 million five-day start of In the Heart of the Sea.

Disney also claimed fourth place, as Star Wars: The Force Awakens took in $0.928 million. The seventh chapter of the Star Wars franchise was up 19 percent over Monday and down 41 percent from last Tuesday. With a record-breaking 47-day gross of $897.47 million, Star Wars: The Force Awakens is now just $2.53 million away from becoming the first film ever to reach the $900 million unadjusted domestic mark.

Lionsgate's Dirty Grandpa rounded out Tuesday's top five with $0.783 million. The R-rated comedy starring Robert De Niro and Zac Efron increased 37 percent over Monday and decreased 40 percent from last Tuesday. Dirty Grandpa has grossed $24.19 million in twelve days. That places the film 33 percent behind the $36.18 million twelve-day take of 2013's Last Vegas.

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By Daniel Garris

Kung Fu Panda 3 took in $1.75M on Monday to lead the daily box office for a fourth consecutive day. The 3D computer animated sequel from Fox and DreamWorks Animation declined 86 percent from Sunday's performance. Kung Fu Panda 3 has grossed $43.03 million in four days of release. The film is running a bit below expectations and 15 percent behind the $50.80 million four-day start of last year's Hotel Transylvania 2 (which fell 84 percent on its first Monday to gross $2.34 million). With no new family films going into wide release during the month of February, Kung Fu Panda 3 will have a strong chance of holding up well going forward.

Fellow Fox release The Revenant placed in second with $0.961 million. The Alejandro González Iñárritu directed western starring Leonardo DiCaprio was down 74 percent from Sunday and down a solid 35 percent from last Monday. The Revenant continues to exceed expectations with $139.51 million after 25 days of wide release (and an additional two weeks of platform release). The film is currently running an impressive 28 percent ahead of the $108.81 million 25-day take of 2010's Shutter Island.

Disney's Star Wars: The Force Awakens claimed third place with $0.781 million. The seventh chapter of the Star Wars franchise fell 78 percent from Sunday and 40 percent from last Monday. With a record-breaking 46-day gross of $896.54 million, Star Wars: The Force Awakens is now just $3.46 million away from becoming the first film ever to reach the $900 million unadjusted domestic mark.

Fellow Disney release The Finest Hours followed closely behind in fourth with $0.761 million. The 3D action drama starring Chris Pine was down 71 percent from Sunday. The Finest Hours has grossed $11.05 million in four days. While that is towards the higher end of the film's modest expectations, The Finest Hours is performing softly with its price tag in mind. The Finest Hours is running 9 percent behind the recent $12.11 million four-day start of In the Heart of the Sea.

Lionsgate's Dirty Grandpa rounded out Monday's top five with $0.571 million. The R-rated comedy starring Robert De Niro and Zac Efron declined 72 percent from Sunday and 38 percent from last Monday. Dirty Grandpa has grossed $23.41 million in eleven days. That places the film 33 percent behind the $35.02 million eleven-day take of 2013's Last Vegas.

Meanwhile, Open Road's Fifty Shades of Black continued to disappoint with a tenth place take of $0.368 million. The Marlon Wayans led R-rated comedy was down 71 percent from Sunday. Fifty Shades of Black has grossed just $6.27 million in four days. The film is running a very underwhelming 34 percent behind the $9.51 million four-day start of 2014's A Haunted House 2.

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Box Office Break Down is a New Column Looking Over the Past Weekend's Numbers and Predictions from BoxOffice.com and Moviepilot. 

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By Alex Edghill

Kung Fu Panda 3 topped the box office this past weekend with an estimated $41 million, besting the aging Revenant which was relegated to second place and $12.4 million. In fact, the Panda grossed as much as the rest of the top 5 films combined and its $10,367 per theater average was also tops and miles ahead of Star Wars: The Force Awakens, which sat in second in the category with a $4,218 average. Both BoxOffice (predicted $51 million) and Moviepilot (predicted $47 million) were a tad high in their predictions for the Panda's third outing. While this was the lowest opening number in the Kung Fu Panda series (and the second successive decline) one has to consider that January is not typically a month rife with huge openers, and its $41 million estimate puts it in third place all time for the month. 

Word of mouth has been exceedingly strong for Panda, receiving an A grade from CinemaScore and its Rotten Tomatoes rating being 79% fresh so far. BoxOffice's Twitter numbers for Kung Fu Panda 3 were stellar through its opening weekend, seeing growth everyday from Friday through to Sunday, exceedingly rare amongst wide releases. Only 4 wide release films in the past year have managed to accomplish that feat: American Sniper, Kingsman: The Secret Service, War Room and Alvin and the Chipmunks: The Road Chip: each of which had very leggy runs at the box office. When looking at the release week's overall Twitter numbers, however, Moviepilot notes that Kung Fu Panda 3 received half as many mentions as last year's Home (52.1M Opening Weekend), Spongebob Squarepants: The Movie ($55M Opening Weekend), and How to Train Your Dragon 2 ($49M Opening Weekend). 

The period coast guard thriller The Finest Hours opened in fourth place with $10.3 million. BoxOffice and Moviepilot just about nailed the opening with their predictions of $9 million and $9.2 million respectively. This was the lowest opening of Chris Pine's career for films in over 3,000 theatres (9 films total). While its CinemaScore was strong at A- and it had a fresh Rotten Tomatoes grade of 61% its marketing campaign never really caught on with moviegoers as was evident by its lackluster Twitter and Facebook performances. It didn't even have 40,000 likes before its release on Facebook which hinted at it missing the boat completely with younger audiences. Twitter had lackluster totals as well with its highpoint on Friday of just over 5,500 tweets being a far cry for other similar targeted films such as 13 Hours: The Secret Soldiers Of Benghazi which had over 26,000 tweets on opening day. Moviepilot's search data reveals that the film came up with only two thirds of the figures for Chris Pine's star-turn in Jack Ryan, indicating lower interest in the actor from older audiences. The lone bright spot here is that the film had a very solid CinemaScore, a fresh Rotten Tomatoes rating and its Twitter positive to negative ratios were the best of the new openers (even that of Kung Fu Panda 3). 

50 Shades Of Black flopped to the tune of 9th place on the weekend and $6.2 million. The Marlon Wayans spoof of 50 Shades Of Grey never really took off, its Twitter numbers were even below that of The Finest Hours and considering that its target audiences was much younger this was bad news from the outset. Moviepilot notes the film amassed less than half of the Twitter mentions as Marlon Wayans's previous spoof, A Haunted House 2, indicating lower buzz from fans among young people.

Facebook was equally disappointing with only ~150k likes by release day. To put that into perspective, A Haunted House had over six times the Twitter traffic on its opening weekend and three times the likes. YouTube views also came up short according to Moviepilot, 2.2 million against AHH2's 5.3 million. It's possible the Pro Bowl and other football and basketball sporting events kept eyes from target audiences away from this one. Moviepilot anticipated a stronger connective tissue from box office sensation Fifty Shades of Grey --but that didn't pan out.

While it was never going to be a critical darling, its CinemaScore was tied for worst on the year with a C and its Twitter positive to negative ratio was indeed worst on the year for wide releases at 4:1. The writing was on the wall that it was not going to be making it anywhere near to the $18 million that A Haunted House made but was just a question of how low it would slide. BoxOffice had predicted $8.5 million on the weekend while Moviepilot had gone a bit higher with a $12.5 million total. 

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PRESS RELEASE:

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Acquisition Adds 22 Screens with Luxury Seating

COLUMBUS, Georgia (February 1, 2016) - Carmike Cinemas, Inc. (NASDAQ: CKEC) ("Carmike"), a leading digital cinema, alternative programming and 3-D motion picture presenter, today announced that it has entered into definitive purchase agreements under which Carmike acquired two movie theatres from a subsidiary of AMC Entertainment Holdings, Inc. (NYSE: AMC) ("AMC")" for a total of $5.4 million in cash. The transactions simultaneously closed upon signing of the purchase agreements. AMC recently acquired these theatres from Starplex Cinemas ("Starplex") and sold them to Carmike pursuant to a Consent Order with the Department of Justice in connection with its review and approval of the AMC/Starplex transaction. Upon completion of these two transactions, Carmike now operates 275 theatres with 2,942 screens across 41 states.

Carmike's President and Chief Executive Officer David Passman stated, "We are pleased to welcome these two outstanding theatres to the Carmike family. Both the East Windsor Town Center 10 and the Berlin 12 Theatre have been successful in creating a compelling movie-going experience for the residents ofEast Windsor and Berlin, incorporating the latest technology in picture, sound quality and seating."

"The two theatres are located in markets with limited geographic overlap with our existing theatre circuit, and are a perfect complement to our growing presence in the Northeast. We look forward to providing a world-class guest experience to movie-goers in East Windsor and Berlin by creating a premier movie-going experience and family destination with great amenities and outstanding customer service."

Both locations have undergone recent renovations with new seating. Town Center Plaza Multiplex incorporated 100% digital projection and new spacious recliner seating in 2015, while the Berlin 12 incorporated plush-rocker luxury seating in 2014.

 

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