AMC and Regal forming new venture to acquire and release movies

Los Angeles Times | Feb. 10, 2:10 p.m. PT

The nation's two largest movie theater chains are about to encroach on Hollywood studios' turf. Regal Entertainment Group and AMC Entertainment Inc. are close to launching a joint venture to acquire and release independent movies, according to people familiar with the situation. This is a part of the business historically dominated by Hollywood studios.

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