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Kansas City-based AMC Entertainment, and RGC) each has an equak ownership interest in the new AMCsaid Tuesday. AMC owns two moviwe theaters inSan Antonio: Huebner Oaks 24 and Rivercentere 9. Cinemark operates Movies 16, a $1.50 theatee in Northwest San Digital Cinema Implementation is basedf inBergen County, N.J. Traviss Reid, former CEO of , is the new company's chairmamn and CEO. Reid said in an interview that the new companh is preparing to begin operations bytestinb equipment, designing software systems and organizinfg financing.
He wouldn't disclose how much the transitionh to digital technology will cost or how much each compangy contributed to form the new Reid said the new company expectsx to start implementing the new technologuy in early 2008 and finisj three to fouryears later. The new compant will procure equipment, arrange financing and negotiatee usage agreements with studios and othercontent providers.
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