I agree with Roman that you should strongly consider power recline especially if the chairs are going in a dedicated theater room. Power gives you better control of your chair, infinite positions and, most importantly, allows you to lock the chair into position where you have a good viewing angle to your screen.
However, if you are on a strict budget of $1200, take a look at the following models:
Albany Capri- made in USA, nicely sized chair and great for the price
Coaster Pavillion- been around for a while, nice adjustable ratchet headrest
Palliser Pacifico- excellent brand name with excellent attention to detail, close to your budget in fabric/urethane blend called "Phoenix"
None of these models will come with LED Cup holders but you can add them in to the Albany and Palliser yourself fairly easily with after-market LED Cup holders. The stock holes in the Coaster's may be a little bit too small without doing some cutting.
Home Theater Seating and Decor
Home Theater Seating