Cinepond and Cinesmith are close to finalizing a deal to merge, according to people familiar with the matter, according a person familiar with talks.
The two companies, based in Columbus, Ohio, were in talks for months and the deal was finalized in January, the people said.
The news was first reported by The Wall St. Journal.
The company’s stock closed Tuesday at $5.50.
The Kings Market, which opened in 2010 and has been the nation’s second-largest theater chain, will close in 2020 and will remain in operation.
Cineskopond will be part of a joint venture, The Cinevision Group, which is owned by a private equity firm that owns Cinebox, The New York Times reported.
The deal would create a new chain, Cinepic, which would also include theaters, movie houses and food services, and will operate in the same way as the Kings Market.
Cinepot is based in Ohio and operates theaters and movie houses in California, New York and Nevada.
The Cleveland Market, the nation, second-biggest theater chain in the country, opened in 2014 and has more than 1,300 theaters across the country.
It is the largest operator of film and television production and distribution facilities in the U.S., according to its website.
CinemaPass, a new ticketing platform, launched in July, with the aim of allowing people to watch movies and TV programs online for free.
The service offers more than 500 titles, including many popular films and TV shows.
Cinestacks are used for sports, concerts and other events.
The Times reported that the Kings market would remain in business, though it was unclear how long the deal would last.
It’s not clear how Cinesks and Cinestspots would compete against one another.
Ciningot, which operates a large film and TV production facility in Ohio, had a $2 billion profit in 2016, according the New York Post.
CINEPLUS The movie chain has been operating in the film business since the early 1980s and has three locations in Ohio.
The chain operates more than 2,400 movie theaters, theaters, food service and catering businesses.
It has a film slate that includes The Expendables 2, The Amazing Spider-Man 2 and Transformers: Age of Extinction.
CINESKOPOND The Kings market was founded in 2000.
It was the largest theater chain operating in Ohio when it opened in 2003.
Cinelast, based near Cincinnati, opened a theater in 2012 and was a major player in the theater business before relocating to Cleveland.
The Cineskill, based north of Cincinnati, closed in 2018 and opened in 2019.
It currently has more stores and restaurants than Cinepas in Ohio alone.
CINCINNATI’S BALTIMORE MARKET The Baltimore Market opened in 2012, and has a theater chain of more than 8,000 theaters, including more than 200 in Baltimore.
The market has more theaters than any other theater chain outside of New York City.
The Baltimore market is expanding with new restaurants and theaters, and plans to open more than a dozen new stores in 2018, the company said in a statement.
It also announced plans to expand into the Cleveland market in 2021.
CINTEL is the leading distributor of film in the world and owns about 8,600 theaters in more than 70 countries, according Fortune magazine.
The Chicago-based company has about 500 theaters in Ohio with more than 300 locations in the metro area.
The Cincinnati-based chain is expanding in other markets, including Los Angeles, New Orleans and Dallas.
CINAVISION The Cineworld chain, based out of Ohio, has more locations than any theater chain besides New York, according Variety.
The Ohio-based distributor operates more theaters in the state than any Ohio-run theater chain except Cinetown, the Times reported last month.
CINSKOPED The Cleveland market, which includes more than 350 theaters and more than 100 restaurants, was founded by The Cintellis Group, a private-equity company, in 2000, according CNBC.
It opened in 2005 and has 1,400 theaters in 20 states and the District of Columbia.
Cinneskoped opened in 2016 and is a major provider of theater space in Cleveland.
It operates three locations: the Cineflex location in downtown Cleveland, the Cineskin in the downtown core and the Cinospirit in suburban Columbus.
The latter two locations are near the city’s airport and have about 2,500 seats.
CINO is a unit of CINESTACK, which was founded out of Cincinnati in 2002 and is based out in Ohio City.
Cino is a joint-venture of Cinteleck, CINETACK and CINESCO, the Chicago Tribune reported last year.