Cinemark Holdings

Carmike Cinemas, Inc. is one of the largest movie theater chains in the United States, with 2,850 screens in 36 states. Carmike's theaters are located mainly in smaller cities, where they are frequently the only movie venues in town. By operating primarily in these secondary markets, Carmike has avoided, in large part, the rugged competition for city and suburban viewers engaged in by most other big movie exhibitors. Nearly all of the company's theaters are multi-screen facilities, and their highest concentration is in the South and the Midwest, although expansion has been taking place in just about every part of the country. Declining revenues caused by industrywide overbuilding, as well as a weak season for films, caused the company financial problems in the summer of 2000. That August, Carmike filed for Chapter 11 bankruptcy protection.
source:www.fundinguniverse.com