Regal, AMC teaming up; theater chains plan to acquire, release independent movies

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LOS ANGELES - The nation's two largest movie theater chains are about to encroach on Hollywood studios' turf. Knoxville-based Regal Entertainment Group and AMC Entertainment Inc. are close to launching a joint venture to acquire and release independent movies, according to people familiar with the situation, a part of the business historically dominated by the Hollywood studios.

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