June 23, 2024

San Antonio Based Santikos Expands Reach: Becoming the Eighth Largest Movie Theatre Chain in the US

Santikos Entertainment, the San Antonio-based movie chain, has made a significant stride towards expanding its operations and reach in the cinema industry. According to the San Antonio Business Journal, Santikos has recently finalized a definitive purchase agreement to acquire The Grand Theatres and AmStar Cinemas from VSS-Southern Theatres LLC, a well-known private equity company based in New Orleans.

While specific financial details of the deal have not been disclosed, it encompasses the acquisition of 17 theaters and over 250 screens across multiple states, including Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, and Texas. This strategic move will significantly expand Santikos’ presence beyond its current base in the greater San Antonio market.

Santikos Entertainment’s CEO, Tim Handren, revealed that discussions with VSS-Southern Theatres had been underway since January. The completion of this acquisition marks a major milestone for Santikos, positioning the company as the eighth largest movie theatre chain in the United States. With an expanded footprint and a larger number of screens, Santikos is poised to make a significant impact on the cinema industry.

Currently, Santikos operates ten theaters with a total of 121 screens in the greater San Antonio area. This acquisition will substantially increase their scale and propel them into new markets across the southeastern United States. By adding The Grand Theatres and AmStar Cinemas to its portfolio, Santikos Entertainment solidifies its position as a key player in the industry, offering a broader range of movie experiences to a wider audience.

Known for their commitment to providing high-quality entertainment and exceptional customer service, Santikos Entertainment has built a strong reputation among moviegoers. This acquisition will allow the company to extend its renowned cinematic experience, characterized by state-of-the-art technology, comfortable seating, and a wide selection of films, to audiences in new locations.

As the cinema industry continues to evolve, Santikos Entertainment remains dedicated to delivering exceptional movie experiences while adapting to changing consumer preferences. By expanding their presence through this acquisition, Santikos is well-positioned to cater to the diverse tastes and demands of movie enthusiasts across multiple states.

As Santikos Entertainment and VSS-Southern Theatres finalize the details of the acquisition, anticipation grows among moviegoers and industry insiders. The integration of The Grand Theatres and AmStar Cinemas into the Santikos family represents an exciting development, not only for the company but also for movie enthusiasts across the southeastern United States. As Santikos takes its place as the eighth largest movie theatre chain in the country, audiences can look forward to an even greater variety of films and exceptional cinema experiences.

 

BIG NEWS! 📢 Santikos is growing! Our footprint will increase from 121 screens to 377 screens in 27 locations in Texas,…

Posted by Santikos Entertainment on Thursday, June 29, 2023