Knoxville, Tennessee - Regal Entertainment Group (NYSE: RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, today announced that it has entered into an agreement to acquire 9 theatres from AMC Entertainment Holdings, Inc. in exchange for cash and two Regal theatres.

The proposed acquisition will enhance Regal's presence in Illinois, Indiana and Colorado. The transaction is expected to close during Regal's fiscal second quarter and is subject to customary closing conditions.

Forward-looking Statements

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements included herein, other than statements of historical fact, may constitute forward-looking statements, including statements concerning the proposed closing of the AMC theatres and the positive impact of such transaction on Regal's future operations and performance. Although Regal believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from Regal's expectations are disclosed in the risk factors contained in Regal's 2009 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 1, 2010. All forward-looking statements are expressly qualified in their entirety by such factors.


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Palme d'Or (Top Prize): Uncle Boonmee Who Can Recall His Past Lives, directed by Apichatpong Weerasethakul)

Grand Prix (Runner-Up): Des Hommes Et Des Dieux (Of Gods And Men), directed by Xavier Beauvois

Prix de la Mise en Scene (Best Director): Mathieu Amalric for Tournée (On Tour)

Prix du Scenario (Best Screenplay): Poetry by Lee Chang-dong

Camera d'Or (Best First Feature): Año Bisiesto directed by Michael Rowe

Prix du Jury (Jury Prize): A Screaming Man directed by Mahamat-Saleh Haroun

cannes1Prix d'interpretation feminine (Best Actress): Juliette Binoche for Certified Copy

Prix d'interpretation masculine (Best Actor): (tied) Javier Bardem for Biutiful, Elio Germano for La Nostra Vita

Palme d'Or (Short Film): Chienne d'Histoire directed by Serge Avedikian


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Source: Variety

Bob Kerrey has released a statement saying that there is "no decision yet" as to whether or not he will take on the MPAA chairman role.

Source: The Wrap

Former U.S. Senator Bob Kerrey is set to take over for Dan Glickman as the next chairman of the Motion Picture Association of America. Glickman stepped down in January and Bob Pisano has been running the organization since.

Kerrey will have his work cut for him when it comes to dealing with such issues as the shrinking release window and international piracy.

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Source: NY Times

AMC is now saying the $20 ticket prices were a mistake.

"Unfortunately, a limited number of theaters posted incorrect pricing for Shrek Forever After, which we immediately corrected," the theater chain said in a statement. "Any guest who purchased a ticket at the incorrect price can visit guest services for a refund."

Source: The Wall Street Journal

The AMC Loews 34, AMC Loews Lincoln Square and AMC Empire 42nd Street are three of the theaters in Manhattan that will be charging $20 for IMAX 3D showings of Shrek Forever After.

Ticket prices were bumped up as recently as March when How to Train Your Dragon, another DreamWorks Animation flick, was released. The price hike caused a minor uproar in the mainstream media, but Dragon has still managed to muster nearly $210 million domestically. is currently predicting a $96 million opening weekend for Shrek Forever After.

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