Regal theater chain buys Great Escape

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Posted: Saturday, January 5, 2013 12:00 am

Regal Entertainment Group, the nation’s largest theater chain, has assumed ownership of the Great Escape complex at 7440 Crown Point Ave.

Regal acquired Great Escape’s parent company, Indiana-based Aliance Entertainment Inc., last month for $91 million in an all-cash deal.

The Knoxville, Tenn.-based chain acquired 25 movie theaters in the deal, including Great Escape, a 16-screen theater complex on the southwest corner of 72nd Street and Sorensen Parkway.

The 52,000-square-foot complex has been renamed the Regal Omaha Stadium 16.

The theater’s former owner, Aliance, built the cineplex in 2006 as an entertainment anchor for the Sorensen Park Plaza shopping center, which was constructed on the site of the former Vickers plant. The shopping center’s retailers include Target, Marshalls, Big Lots and Radio Shack.

The theater continues to show first-run films, according to Regal’s website. It’s unclear whether changes might be in store. Regal officials did not respond to requests for comment.

“The acquisition of the Great Escape circuit will enhance Regal’s presence in Georgia, Illinois, Indiana, Kentucky, Missouri, Nebraska, Ohio, Pennsylvania, South Carolina, Tennessee and West Virginia,” the Regal company said.

The chain operates 521 locations in 37 states and has a total of 6,607 screens.

Contact the writer: 402-444-1142, janice.podsada@owh.com

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