Cineplex.com | Events Event Cinema. [33] In February 2021, CEO Ellis Jacob offered to temporarily convert Cineplex facilities into COVID-19 vaccination sites. Cineplex proudly has one of the countrys Most Admired Corporate Cultures, thanks to its over 10,000 employees across Canada and the United States. [63][64] Cineplex aims to open 10-15 locations of The Rec Room nationally, ranging in size from 30,000 to 60,000 square feet. exhibitor of digital, 3D and IMAX projection technologies in the country. [36] In September 2022, it was reported that the United States Bankruptcy Court for the Southern District of Texas had denied the appeal, amid Cineworld's Chapter 11 bankruptcy. The Movie Theater Chains of the Media Giants What does Cineplex mean? [61] Cineplex CEO Ellis Jacob explained that the chain is meant to help the company diversify beyond its core cinema business in the wake of the growing streaming industry,[62] The first location opened in South Edmonton Common in 2016. They are being positioned as a merger of The Rec Room's entertainment restaurant concept with that of a traditional cinema, with its first planned location to open at Erin Mills Town Centre in Mississauga in late 2020, followed by Kildonan Place in Winnipeg afterwards. Have a question about our organization or businesses? The area of intersection in the Venn diagram is labeled Scene+, one of Canadas leading loyalty programs. Learn how and when to remove this template message, United States Bankruptcy Court for the Southern District of Texas, List of Cineplex Entertainment movie theatres, "CINEPLEX INC. 2021 Annual Report: Management's Discussions and Analysis", "Company Profile for Cineplex Galaxy Income Fund (CA;CGX.UN)", "Cineplex Celebrates 100 Years of Movie Memories", "Nathan L. Nathanson Introduces Canadian Odeon: Producing national competition in film exhibition", "Onex-led investors buy beleaguered Loews Cineplex", "CINEPLEX GALAXY INCOME FUND 2003 ANNUAL REPORT", "CINEPLEX GALAXY ANNOUNCES SALE OF THEATRES TO EMPIRE THEATRES LIMITED", "AMC Entertainment, Loews Cineplex to merge", "Cineplex buys 4 AMC theatres in Canada, including Yonge-Dundas location", "INTRODUCING CINEPLEX ENTERTAINMENT A NEW NAME FOR CINEPLEX GALAXY LP", "Scotiabank Replaces Paramount As Name Of One Of The City's Biggest Movie Theatres", "Now Playing at the Scotiamount, er, Parabank", "Cineplex to be bought by U.K.-based Cineworld in $2.8B deal", "Cineplex VIP Cinemas Don Mills: Canada's first adults-only multiplex opens Friday", "First standalone VIP cinema in Canada for Don Mills", "Empire to focus on Sobeys, sells theatres to Cineplex, Landmark", "Cineplex plans to open 10-screen Lansdowne Park theatre", "Cineworld set to create world's second-largest cinema group after $3.6bn Regal acquisition", "Regal Owner Cineworld to Acquire Canada's Cineplex for $2.1 Billion", "Cineworld's $2.8B takeover of Cineplex may lead to job losses", "Cineworld dives after Cineplex activist urges rejection of deal", "U.K. Exhibitor Cineworld Terminates Deal To Buy Cineplex Of Canada", "Cineworld Calls Off Cineplex Movie Theater Deal", "Cineplex willing to turn movie theatres into coronavirus vaccine sites: CEO", "Canada's Cineplex Sues Regal Cinemas Owner Cineworld Over Aborted Acquisition Deal", "Cineplex awarded $1 billion in damages over aborted Cineworld takeover", "U.S. court ruling in Cineworld bankruptcy proceedings halts Cineplex case in Ontario", "Cineworld Sets Timing Of Bankruptcy Reorganization Plan; Cineplex Denied Hearing Over Scuttled Merger But May Be Eyeing Regal", "Cineplex Seeks to Revive Regal Merger After Cineworld Bankruptcy", "Cineplex's premium-seating options providing big boost to box office revenue", "Why don't movie theatres eliminate the front row? [5][6][7] HBO left Tri-Star, which merged with Columbia Pictures in 1987, resulting in the formation of Columbia Pictures Entertainment. Selected Cineplex locations offer premium screens and features for a higher ticket price, including large-screen formats, motion seats, and VIP. As Canadas largest and most innovative exhibitor, it welcomes millions of guests through its circuit of over 170 cinemas and location-based entertainment venues. The company planned to appeal the ruling; Cineworld's shares fell by 40% in the immediate aftermath of the ruling. It was acquired by Turner Broadcasting System in 1994; Turner later merged with Time Warner (now WarnerMedia) in 1996, and New Line was merged with Warner Bros . The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. [34] In July, Cineplex started legal action against Cineworld claiming financial damages and Cineworld counter-sued. Cineplex is Canada's largest movie exhibition company and an all-around entertainment giant in the Canadian landscape. Perenchio completed the acquisition for $160 million on July 11.[4]. AMC Entertainment Holdings, Inc. (d/b/a AMC Theatres, originally an abbreviation for American Multi-Cinema; often referred to simply as AMC and known in some countries as AMC Cinemas or AMC Multi-Cinemas) is an American movie theater chain founded in Kansas City, Missouri and now headquartered in Leawood, Kansas.It is the largest movie theater chain in the world. For the defunct corporation, see, 20052013: Purchase of Famous Players, Cineplex Entertainment, 2019present: Attempted acquisition by Cineworld. [15] In 2001, though, the company declared Chapter 11 bankruptcy. [78][79] The IMAX VR centre closed in 2019, as part of the discontinuation of the IMAX VR pilot project. Tim Hortons is available as a full-service restaurant in five locations,[90] with Brossard being the only location to offer both Tim Hortons and Starbucks.[91]. Cineplex's flagship banners include Cineplex Cinemas (French: Cinmas Cineplex in Quebec), with some older locations still using the previous "Cineplex Odeon" branding, and Scotiabank Theatre. Cineplex is a Canadian entertainment company that owns and operates a chain of movie theatres. In 2005, AMC Theatres announced that it would merge with Loews Cineplex Entertainment and that the merged company would adopt the AMC name. The movie exhibition business accounts for 70% of Cineplex's revenue. Cineworld planned to pay US$1.65 billion, and to fund the remainder by taking on debt. [40], Most Cineplex locations feature arcade areas under various brands. Empire Company Limited is a Canadian conglomerate engaged mostly in food retail and corporate investments. Cineworld - Wikipedia It offers a unique escape through its theatres and entertainment venues, and is a joint venture partner in Scene+, Canada's largest entertainment loyalty program. [1][2][3] Loews Corporation by this time was a holding company owned by brothers Robert and Laurence Tisch highly diversified in non-entertainment business interests ranging from hotels to insurance. Through its operating subsidiary Cineplex Entertainment LP, Cineplex operates 162 theatres across Canada. The company operates cinemas across Canada, primarily under the brand Cineplex Cinemas. By 2003, Galaxy Entertainment had grown to 19 theatres and $75 million in box office revenue. [17] On March 31, 2006, Cineplex sold seven more theatres in Quebec to Chelsea-based Fortune Cinemas. [35], In December 2021, the Ontario Superior Court of Justice ruled in favour of Cineplex, and ordered Cineworld to pay US$1 billion in damages for breach of contract. The Loews Theatres name was used until 2017 when AMC simplified their branding to focus on three main lines: AMC, AMC Classic and AMC Dine-In after their purchase of Carmike Cinemas. Cineplex Entertainment owns or has an interest in several other companies, including Cineplex Digital Networks and SCENE LP. Poptopia is a flavoured popcorn restaurant offered in a full-service format at 22 locations. AMC Theatres - Wikipedia Cineplex Entertainment - Wikipedia Headquartered in Toronto, Canada, Cineplex operates theatres across Canada and is the exclusive provider of UltraAVX:tm: and the largest Is Now the Right Time to Buy Cineplex Stock? Cineplex.com may not work as expected. Cineplex has an Outtakes (French: Restoplex) restaurant in many of its theatres, some which replace previous restaurant partners (Burger King, KFC Express, Pizza Pizza/Pizza 73, Pizza Hut Express, Taco Bell Express and New York Fries) and others which introduce restaurants at locations which did not previously feature one. It has a strong brand identity and has built a loyal customer base. The film's co-director Cory Solomon also, along with other pro-life supporters and religious groups, called for a boycott of Cineplex. With investments from Onex Corporation and Famous Players, the new company focused on smaller markets that were usually served by smaller theatres and old equipment, opening large, major chain-style locations under the Galaxy Cinemas banner. [87], Beverages are available in both cold and hot formats. 1. Cineplex Inc. (TSX:CGX) is a leading media and entertainment company. Cineplex most commonly refers to: Cineplex Entertainment, a Canadian entertainment company based in Toronto . [14] On June 21, Loews Cineplex announced that it would merge with AMC Theatres. The company was formed in 2003 via the acquisition of Loews Cineplex's Canadian operations (which included the assets of the former Cineplex Odeon chain) by Onex Corporation and Oaktree Capital Management, and its subsequent merger with Onex's Galaxy . [28] Cineworld stated that it planned to integrate Cineplex's operations with those of Regal,[28] while maintaining Cineplex's banners for its Canadian operations. On October 20, 1986, when federal regulations had been relaxed, Tri-Star Pictures, then a joint venture co-owned by The Coca-Cola Company (also owners of Columbia Pictures at the time) and Time Inc.'s HBO, entered an agreement to acquire Loews Theatre Management Corporation for $300 million; Tri-Star closed the acquisition in December. Cineplex Cineplex Entertainment/Parent organizations. Sony Theatres began reverting back to the Loews Theatres name in October 1996. Cineplex Entertainment | Corus Entertainment Fandom | Fandom [16][17] In 2004, they sold Loews to a private group of investors which included the Carlyle Group. Why I'm More Excited Than Ever About Cineplex Stock (TSX:CGX) Many theaters were rebranded as AMC Loews, until the Loews name was phased out in 2017. [60], In January 2015, Cineplex announced a new entertainment restaurant chain known as The Rec Room. The case centered on a deal in which Cineworld was to have acquired Canadian exhibitor Cineplex. As Canada's largest and most innovative exhibitor, it welcomes millions of guests through its circuit of over 170 cinemas and location-based entertainment venues. Each of these sectors leverage synergies from across the organization, as illustrated in the Venn diagram. View contacts for Cineplex Entertainment to access new leads and connect with decision-makers. Alongside with Jacob are Jordan Banks who serves as a Facebook executive, Robert Bruce, Joan Dea, Ian Greenberg, the founder of Astral Media, Sarabjit S. Marwah, Anthony Munk, Edward Sonshine, Christopher Medlock, Robert J. Steacy and Phyllis Yaffe, who serves as its chair. Loews Cineplex Entertainment, also known as Loews Incorporated, is an American theater chain operating in North America. [19] At the time of the merger, Loews operated 198 theaters with 2,235 screens. Cineplex's board of directors recommends shareholders vote for the acquisition. [73] On October 2, 2017, Cineplex announced that it would re-launch the Playdium brand as a new entertainment restaurant chain oriented towards families; the first new location opened in Brampton, Ontario in 2019 (retrofitting the Cineplex Odeon Orion Gate theatre). This deal was completed on July 22, 2005. Cineplex Inc. (formerly Cineplex Galaxy) is a Canadian movie theatre and family entertainment centre chain headquartered in Toronto. 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