Case Details

Year Initiated/Committed

2005

Year Resolved

2006

Settlement Amount

n/a

Court

U.S. District Court for the Southern District of New York

Docket Number

05 CV 10722

Lead State

IL, MA, NY

Participating States

IL, MA, NY

Defendant(s)

Marquee Holdings, Inc.; LCE Holdings, Inc.

Case Description

US DOJ and plaintiff states filed a complaint alleging that the merger of AMC Entertainment and Loews Cineplex Entertainment would eliminate head-to-head competition between AMC and Loews and likely would have resulted in higher prices for tickets to first-run, commercial movies in sections of five major American cities: Boston, Chicago, Dallas, New York, and Seattle. DOJ and the plaintiff states agreed to a consent decree to resolve the complaint. Under the terms of the consent decree, AMC and Loews must divest movie theaters: two in Chicago and one each in New York, Boston, Seattle and Dallas. The parties must inform the parties if it proposes to acquire movie theater assets in those markets over the next 10 years.