The cinema exhibitor industry in North America experienced record numbers in 2015, with strong performance and activity continuing into 2016. The industry was able to capitalize on a strong film slate, resulting in increased average admissions prices and concessions per capita. However, operators are facing pressure to differentiate themselves from competitors through continuous improvement initiatives. Acquisition has been the most efficient way for operators to increase revenues and scale. The acquisition of Carmike Cinemas by AMC Entertainment for $1.1 billion in 2016 highlights the trends in the industry, including strong financial performance, robust cinema operations, and active sector dynamics.