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Kerasotes Theatres

Kerasotes Theatres is one of the largest theater chains in the United States. Based in Chicago, the company currently operates 100 theaters with 945 screens in Colorado, Illinois, Indiana, Iowa, Ohio, Missouri, Minnesota and Wisconsin.

The company's founder, Gus Kerasotes, a Greek immigrant, had opened his first nickelodeon in Springfield, Illinois, in 1909.

In 1933, University of Illinois graduate George Kerasotes, one of Gus Kerasotes' sons, became the company's general manager. Under his management Kerasotes Theatres soon began to expand outside of Springfield into small Illinois towns like Havana, Onarga, and Highland.

In 1937, the company had built the 900-seat Beverly Theater in Peoria, IL, and later added the Varsity Theater near the campus of Bradley University.

By the mid-1940s, the company was operating a total of 11 theaters in mid and southern Illinois, and Gus' sons George, John, Nicholas, and Louis were all working in the family business (a fifth son, Dr. Anthony Kerasotes, died in World War II).

In 1958, a company head George Kerasotes was elected president of the National Association of Theater Owners, and after Gus Kerasotes' death in 1960 he was officially named the company's president. Brother Nicholas was vice-president, Louis was secretary, and John was the company's treasurer.

In 1967, Kerasotes Theatres has opened its 50th theater.

During the early 1970s, some Kerasotes theaters were converted into two-, three-, and four-screen movie houses.

Growth was steady during the decade, and by the early 1980s, Kerasotes Theatres had grown to become the ninth-largest cinema chain in the U.S., with 220 screens in small- and mid-sized markets in Illinois, Indiana, Missouri, Arkansas and Ohio.

In 1985, George Kerasotes splits from his three brothers to form George Kerasotes Corporation. New Springfield-based GKC received 75 former Kerasotes Theatres screens in Illinois, as well as all 21 of the Michigan ones obtained from Butterfield. In 2006, GKC was purchased by Carmike Cinemas.

In 1996, Kerasotes Theatres has built a 12-screen multiplex instead of old drive-in in Pekin, Illinois, that had burned down five years earlier, as well as two new 16-screen multiplexes in South Bend, Indiana, and Rockford, Illinois.

In early 1997, Kerasotes Theatres secured a $115M credit line from Bankers Trust to fund its expansion program.

The company's new megaplexes were often built in markets where it already had smaller theaters, and these now-outdated venues typically began to feature bargain price second-run films before eventually being closed.

In the spring of 1999, the company had a total of 468 screens, while GKC had grown to 320. By the end of 1990s, Kerasotes had opened its 500th screen.

In 2000, Kerasotes Theatres' headquarters moved to Chicago, where the company was seeking to expand, though some operations remained at the Kerasotes Building in Springfield.

In March of 2001, George Kerasotes died at age 89, after which his daughter Beth auctioned off a number of GKC theaters and undeveloped properties. Kerasotes Theatres then had 525 screens at 82 locations.

In 2003, Providence Equity Partners, Inc. has bought a Kerasotes Theatres stake for $75M.

In 2004, some theatrical companies including Kerasotes began featuring special daytime shows called Matinee Movie Magic for parents with very young children. Auditorium lights were raised to a higher level so toddlers could safely wander the aisles, and sound was lowered so babies could sleep while their parents tried to enjoy the film.

In 2005, the company's 600th screen is added.

In September 2005, Kerasotes ShowPlace has sold 17 of its theaters to Realty Income Corp. for $200M.

In January 2008, Kerasotes acquired AGT Enterprise's Star Cinema brand. The purchase includes two theaters in Iowa and four in Wisconsin. The theaters will retain the Star Cinema name.

Kerasotes ShowPlace Theatres remains a privately held, family business, and is co-owned by Providence Equity Partners, Inc.

Employees: around 2,300

. . . .

Kerasotes ShowPlace Theatres, LLC - 224 North Des Plaines, Suite 200, Chicago, IL 60661. Tel: (312) 756 3360, fax: (312) 777 0480

. . . .

Kerasotes Theatres locations

Arvada, CO - Olde Town 14

Aurora, CO - Chinese 16 at Arapahoe Crossing

Aurora, CO - Southlands Stadium 16

Benton, IL - Toler

Bloomington, IN - ShowPlace East 11

Bloomington, IN - ShowPlace West 12

Bolingbrook, IL - ShowPlace 12

Brighton, CO - Brighton Pavilions Stadium 12

Cape Girardeau, MO - Town Plaza Cinema

Carbondale, IL - ShowPlace 8

Carbondale, IL - University Place 8

Castle Rock, CO - Castle Rock Stadium 12

Centralia, IL - Plaza 5

Charleston, IL - Will Rogers

Chicago, IL - City North 14

Chicago, IL - Showplace 14 - Galewood Crossings

Chicago, IL - Webster Place 11

Cicero, IL - ShowPlace 14

Columbus, IN - ShowPlace 12

Coon Rapids, MN - ShowPlace 16

Council Bluffs, IA - Star Cinema 16 and IMAX

Danville, IL - Village Mall

Denver, CO - Cherry Creek 8

Dexter, MO - Town Country Cinema

Dubuque, IA - Star 14

East Alton, IL - Eastgate Cinema

Edwardsville, IL - ShowPlace 12

Evansville, IN - Stadium 16

Evergreen, CO - Bergen Park 7

Farmington, MO ShowPlace

Fitchburg, WI - Star 18 and IMAX

Fort Collins, CO - Cinema Saver 6

Galesburg, IL - ShowPlace 8

Glenview, IL - Glen 10

Hamilton, OH - Cinema 10

Hamilton, OH - ShowPlace 8

Harrisburg, IL - Cinema 4

Highland, IL - Lory Theatre

Hobart, IN - ShowPlace 12

Indianapolis, IN - ShowPlace 12 - Glendale Mall

Indianapolis, IN - ShowPlace 12 - Traders Point

Indianapolis, IN - ShowPlace 12 - Washington Square

Indianapolis, IN - ShowPlace 16 and IMAX

Inver Grove Heights, MN - ShowPlace 16

Jacksonville, IL - Illinois Theatre

Jacksonville, IL - Times Theatre

Jerseyville, IL - Stadium

Johnson Creek, WI - Star 12

Kennett, MO - Cinema

Keokuk, IA - Plaza 3

Kokomo, IN - ShowPlace 12

Lake Delton, WI - Desert Star 15

Lake in the Hills, IL - Lake in the Hills 12

LaPorte, IN - LaPorte Cinema

Littleton, CO - Bowles Crossing 12

Louisville, CO - Colony Square 12

Machesney Park, IL - ShowPlace 14

Manteca, CA - ShowPlace 16

Marion, IL - Illinois Centre 8

Marion, IN - ShowPlace 12

Mattoon, IL - ShowPlace 10

Merrillville, IN - Merrillville 10

Merrilville/Hobart, IN - Showplace 12

Michigan City, IN - ShowPlace 14

Minneapolis, MN - Kerasotes Block E Stadium 15

Mt. Vernon, IL - ShowPlace 8

Muncie, IN - ShowPlace 12

Muncie, IN - ShowPlace 7

Naperville, IL - ShowPlace 16

New Castle, IN - Castle Theatre

New Lenox, IL - ShowPlace 14

Niles, IL - ShowPlace 12

Paris, IL - Paris Theatre

Park Hills, MO - Movies

Parker, CO - 20 Mile Village 10

Pekin, IL - ShowPlace 14

Peru, IN - Eastwood Cinema

Poplar Bluff, MO - ShowPlace 8

Princeton, IN - Princeton Theatre

Quincy, IL - Quincy Mall Cinema

Quincy, IL - Quincy ShowPlace 6

Reedsburg, WI - Star 6

Richmond, IN - Cinema 10

Richmond, IN - ShowPlace 11

Rockford, IL - Colonial Village

Rockford, IL - North Towne

Rockford, IL - ShowPlace 16

Rockford/Machesney Park, IL - ShowPlace 14

Schererville, IN - ShowPlace 12

Schererville, IN - ShowPlace 16

Skokie, IL - Village Crossing 18

South Bend, IN - ShowPlace 16

Springfield, IL - Parkway Pointe

Springfield, IL - ShowPlace 12 West

Springfield, IL - ShowPlace 8 East

Springfield, IL - White Oaks Cinema

Taylorville, IL Cinema

Terre Haute, IN - Honey Creek West 8

Terre Haute, IN - ShowPlace 12

Vernon Hills, IL - Rivertree Court Cinema

Vernon Hills, IL - ShowPlace 8

Vincennes, IN - ShowPlace 8

Washington, IN - Indiana

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