Rave Motion Pictures

According to a local Dallas News website, Rave Motion Pictures is buying up to 39 cinemas nationwide. This will make the Dallas-based company the fifth largest cinema circuit by number of screens in the U.S.

Rave and its managers together with a new group of investors have formed Rave Cinemas LLC to make the acquisitions. In a statement to the publick, Rave Cinemas said Monday that it has already acquired 29 theaters from National Amusements Inc. and plans to buy up to six more from the company. It will operate the news cinemas on top of their already established 21 theaters.

Details regarding the deal weren’t disclosed to media and the public