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into
Cineplex Corporation and the company went public in order afford its expenditures and continue expanding. 3,653,573 shares were issued with 18.92% held by Max Tanenbaum, 15.89% held by Taylor, and 19.88% held by Andrew Sarlos. Only $ 3.85 million was raised and the stock price fell from $ 5 upon opening to between $ 2 and $ 2.50 in August 1983. The
328:. Nathanson returned to the board of Famous Players and became its president in May 1933, resulting in the rest of the board resigning in protest. Holt and Ross, who left alongside Nathanson, returned with him. Zukor agreed to give control of the company back to Nathanson after the expiration of the voting trust on 8 March 1939.
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After successfully winning a legal challenge against the Famous
Players/Canadian Odeon duopoly and their exclusive contracts with major studios, Cineplex acquired Odeon on 28 June 1984, for $ 22 million and taking on Odeon's $ 35 million in debt. This increased its property ownership to 143 theatres,
359:
Theatre construction fell during World War II with nine theatres being built between 1941 and 1944 due to a ban on constructing entertainment facilities. Odeon expanded their amount of theatres from 107 to 180 between 1946 and 1948. Odeon and Famous
Players accounted for 60.8% of box-office receipts
336:
His brother, Henry
Nathanson, formed Odeon Theatres in April 1941. It initially started with four theatres in Vancouver and expanded using equal partnerships with Henry Morton's four theatres, Jack Barron's theatre, and Henry Friedman's theatre which were later bought out. Famous Players sued Nathan
617:
in the
Canadian market. Cineplex Odeon and Famous Players were two dominant forces in the Canadian film industry, with both organizations accounting for roughly two-thirds of the industry's annual revenues. The key to the success of the two organizations was in large part due to their supply chain.
454:
Cineplex was not financially successful and its debt rose to $ 24.6 million by the end of 1982 due to loans taken out with 22% interest rates. In
September 1982, Pan-Canadian Film Distributors, Tiberius Productions, Toronto International Studios, Cineplex Theatres, and other companies were combined
462:
The failure of the public venture resulted in Sarlos and
Tanenbaum resigning from the board of directors and Barry Zuckerman, a principal shareholder, made a $ 1 million write-down for his investments. Drabinsky and Myron Gottlieb, vice-chair of the board, increased their share of the risk and the
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became fifty-fifty partners with
Nathanson on 24 November 1944. Paul Nathanson, Nathan Nathanson's son, became the president of Odeon following Nathan's death and served until he sold his 50% stake in the company to The Rank Organisation in April 1946. Odeon grew from 107 theaters at the time of
625:
Controversy surrounded the practices of both
Cineplex Odeon and Famous Players in 1998. The two companies had been accused of operating as a duopoly, and choking off the film supply so smaller theatres could not show the same products. Cineplex's control over the market allowed them to increase
403:
Rank controlled Odeon until
January 1977, when they sold it, as Rank had stopped its activities in film production, to Michael Zahorchak for $ 31.2 million. Zahorchak combined his chain of 47 theatres with Odeon's 131 theatres. He died in 1982, leaving control of the company to his family. The
612:
Cineplex Odeon had grown to become one of the largest film exhibitors in North America by 1993, with 1,630 screens and operations in 365 locations within North America. At this point, Cineplex Odeon accounted for roughly 8% of box office revenues in North America, competing mostly with
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replaced Zukor as president of Paramount-Publix Corporation in 1936, and rejected the agreement. Nathanson resigned from Famous Players on 14 May 1941, and Balaban selected J.J. Fitzgibbons to replace him. Nathanson worked on creating a new theatre chain while serving as president.
544:, the fourth-largest theatre chain in the country, for $ 136 million on 15 August 1985, which added 574 screens and 209 theatres. A New York investor group financed the Plitt Theatres purchase through a 50% partnership and the company reported record financial results in 1985. The
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was filed on 22 December 1982, by the director of investigation and research. The distributors negotiated with the investigators rather than face trial in 1983, and they altered their theatrical distribution policies causing Cineplex to have better access to first-run films.
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Shecter, Barbara (16 December 1998). "Adventures in the screen trade Cineplex Odeon and Famous Players have run the movie theatre business pretty much their own way. But, with the launch of AMC Entertainment's first Canadian 'megaplex,' things are about to change".
548:
gave the company a $ 65 million line of credit before increasing it to $ 175 million over a ten-year period in 1987. The company's total screen ownership rose from 1,060 in 1985, to 1,501 screens in 1987, making it the largest theatre chain in North America.
597:(Later Cineplex Odeon Video) replacing Pan-Canadian Video Presentations. It distributed all titles in Canada on MCA's behalf, but the film distribution outlet ceased operation in 1997 and the home video outlet a year later after MCA was renamed as
661:
After the merger, the company ceased to exist and was merged into the operations of Loews Cineplex Entertainment. In 1999, Ellis Jacob and Steve Brown, former executives who left Cineplex Odeon Corporation during the ownership change, created
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met with Nathanson, Fitzgibbons, Balaban, and other people in New York to allocate MGM films between Famous Players and Odeon months after Odeon was formed. Famous Players retained MGM's films, but they would be distributed by Regal films.
568:'s 143 screens were acquired for $ 32.5 million in 1987. The company's debt increased to $ 650 million by 1989, resulting in MCA and Claridge forcing Drabinsky's resignation on 1 December after he was unable to raise $ 1.1 billion.
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Drabinsky fired two-thirds of the staff at the head-office and the remainder had their salaries cut. By 1984, the company had a profit of $ 12 million. From 1985 to 1986, profits rose by 153% to $ 31.6 million.
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428:. The company grew to 202 theatres by July 1983. Taylor and Drabinsky also founded Pan-Canadian Film Distributors. Drabinsky threatened to sue American companies under the
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designed to bring big-city entertainment to mid-sized markets across Canada. In 2001, Loews Cineplex Entertainment, the company that merged with Cineplex Odeon, filed for
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as the world's largest cinema at the time of its opening. In July 1982 they opened their first theater in the United States, with a 14-screen multiplex in the newly built
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In 1986, the company purchased the Loew chain of 222 screens for $ 325 million, RKO's chain of 97 screens for $ 169 million and taking on its $ 97.3 million of debt,
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brand is still being used by Cineplex Entertainment at some theatres that were once owned by the Cineplex Odeon Corporation, with newer theatres using the
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acquired a 50% equity interest in the company for $ 219 million which allowed Cineplex to purchase the equity interest from its New York investors.
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formed Cineplex in 1977, and started operating in April 1979 with the opening of its first theatre. The company received financial backing from the
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in May 1987. They acquired 20 Circle Theatres in Washington DC and Maryland with 75 screens for $ 51 million in December 1987.
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An investigation into multiple distributors in Canada was launched by the Department of Consumer and Corporate Affairs against
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in 2002. In 2004, Onex decided to sell Loews Cineplex and retain the Canadian operations, merging then with Galaxy to form
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over the ownership of Regal Films, managed by Henry, in 1942, but the case was dismissed in 1948. Nathan attempted to hire
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from Famous Players. Livent became an independent company after an internal conflict between Drabinsky and MCA.
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384:'s cabinet, was selected to replace Paul as president in 1946. The board under Rank included president of
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424:'s chair and chief executive officer John H. Daniels, and received a $ 1 million line of credit from the
341:, but he rejected Taylor's demands and Taylor was instead hired by Famous Players to manage 25 theatres.
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Acland, Charles (1 April 1998). "The Cultural Industries in Canada: Problems, Policies and Prospects".
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in February 1985 added 22 screens. The Bronfman family was a major investor in the Odeon purchase.
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was sold to TTI Movies Limited Partnership for $ 4.33 million. The company almost fell into
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Canadian Dreams & American Control: The Political Economy of the Canadian Film Industry
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in Los Angeles, the largest in the US at the time. Also in 1982, the company listed on the
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30:"Cineplex Corporation" redirects here. For the current company operating as Cineplex, see
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purchased Cineplex Odeon Films assets along with its home video division the same year.
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Gold, Richard (April 26, 1989). "CO honchos wheel and deal their way to power and $ ".
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806:"AMC Entertainment Inc. and Loews Cineplex Entertainment Corporation Complete Merger"
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Reel Time: Movie Exhibitors and Movie Audiences In Prairie Canada, 1896 to 1986
404:
Zahorchak family sold the company to the Cineplex Corporation on 28 June 1984.
686:). At the time of the merger, Cineplex Odeon operated 40 locations in Canada.
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ordered the company to stop trading shares five months after it went public.
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Cineplex Odeon had exclusive first-run rights to films made by Columbia and
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The company paid USD$ 2.3 million for the worldwide distribution rights for
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predicted that by 1988, the company's revenue would be above $ 659 million.
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The first Cineplex location, an 18-screen complex in the basement of the
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Cineplex Galaxy bought Famous Players for $ 500 million in June 2005.
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operators and live theatre, with theatres in its home country of
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if they did not provide first-run films to the Beverly Center.
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sought to expand into markets dominated by American companies.
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Theatres formerly operated by the company are now operated by
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Westell, Dan (29 May 1984). "Cineplex set to buy out Odeon".
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which was recovered by selling the home video rights to MCA.
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was appointed as president following Lawson's death in 1950.
1442:"Theater Sales To Pave Way For Loews, Cineplex Odeon Merger"
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Nathan Nathanson attempted to create a theatre chain with
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The company's subsidiary in the United States purchased
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Companies that filed for Chapter 11 bankruptcy in 2001
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Rank's acquirement in 1946, to 180 theatres by 1948.
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605:, which was established in 1989 after they acquired
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383 screens, and 29 drive-in theatres. A lease with
1333:"Canadian Showman Takes on Broadway With a Swagger"
633:In April 1998, Cineplex Odeon Theatres merged with
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808:(Press release). AMC Entertainment. Archived from
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62:Loews Cineplex Entertainment Corporation of Canada
626:prices. They were criticized, including by Mayor
324:, but was unable to due to the company entering
1523:Home Movies: Tales from the Canadian Film World
770:The Cineplex Odeon at Eglinton Town Centre in
786:List of Cineplex Entertainment movie theatres
8:
37:
1633:Entertainment companies established in 1979
758:The logo of the Cineplex Odeon (1999–2009).
746:The logo of the Cineplex Odeon (1984–1998).
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1623:Movie theatre chains in the United States
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670:. Lowes Cineplex was later acquired by
578:In 1986, the corporation established a
280:) brand. The company was the result of
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504:Restrictive Trade Practices Commission
502:in the 1980s. An application with the
1345:from the original on 1 February 2023.
734:The logo of the Cineplex Corporation.
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1461:Hoffman, Andy (September 18, 1998).
722:The logo of Canadian Odeon Theatres.
560:'s 67 screens for $ 21 million, and
284:in 1984 purchasing and merging with
1440:Franklin, Stephen (17 April 1998).
408:Acquisition by Cineplex Corporation
25:
1598:Cineplex Entertainment LP Website
1419:Liu, Robert (30 September 1997).
1358:Canadian Journal of Communication
657:Post Loews Cineplex Entertainment
564:' 41 screens for $ 14.5 million.
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1463:"Odeon operating independently"
1618:Movie theatre chains in Canada
571:The company was listed on the
441:Guinness Book of World Records
392:R.V. LeSueur, and Rank lawyer
84:Entertainment (movie theaters)
1:
457:Ontario Securities Commission
380:and member of Prime Minister
1613:Loews Cineplex Entertainment
1545:Pendakur, Manjunath (1990).
647:Loews Cineplex Entertainment
603:Live Entertainment of Canada
601:. The company also operated
182:Loews Cineplex Entertainment
130:Loews Cineplex Entertainment
1370:10.22230/cjc.1998v23n4a1068
680:Cineplex Galaxy Income Fund
388:D.C. Coleman, president of
112:; 83 years ago
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1628:Companies based in Toronto
1574:Athabasca University Press
1421:"Loews, Cineplex to merge"
1108:Wise, Wyndham (May 2001).
676:Oaktree Capital Management
500:Combines Investigation Act
244:Cineplex Odeon Corporation
121:(Odeon Theatres of Canada)
60:Cineplex Odeon Corporation
38:Cineplex Odeon Corporation
29:
595:Cineplex Odeon Home Video
558:Neighborhood Cinema Group
216:Cineplex Odeon Home Video
108:(as Cineplex Corporation)
42:
1520:Knelman, Martin (1987).
439:, earned a place in the
386:Canadian Pacific Railway
316:Odeon Theatres of Canada
294:Odeon Theatres of Canada
1566:Seiler, Robert (2013).
1483:"Corporate Information"
573:New York Stock Exchange
286:Canadian Odeon Theatres
684:Cineplex Entertainment
486:, Paramount Pictures,
449:Toronto Stock Exchange
351:, whose company owned
307:in the United States.
301:Cineplex Entertainment
275:
187:Cineplex Entertainment
99:; 45 years ago
32:Cineplex Entertainment
27:Former theatre company
668:chapter 11 bankruptcy
430:Sherman Antitrust Act
426:Toronto-Dominion Bank
365:The Rank Organisation
664:Galaxy Entertainment
641:(founded in 1904 by
584:Cineplex Odeon Films
480:Astral Films Limited
437:Toronto Eaton Centre
282:Cineplex Corporation
212:Cineplex Odeon Films
58:Cineplex Corporation
1341:. 1 November 1994.
529:The Glass Menagerie
398:Leonard Brockington
394:Leonard Brockington
353:Metro-Goldwyn-Mayer
347:, the president of
97:April 19, 1979
70:Private (1984–1998)
39:
1551:. Garamond Press.
1338:The New York Times
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1259:, p. 245-246.
1220:The Globe and Mail
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1008:, p. 110-111.
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960:, p. 105-107.
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907:, p. 220-221.
883:, p. 216-217.
847:, p. 205-206.
492:Universal Pictures
1295:, p. 99-100.
1110:"From The Editor"
651:Alliance Atlantis
620:Universal Studios
599:Universal Studios
580:film distribution
562:Essaness Theatres
484:Columbia Pictures
422:Cadillac Fairview
303:in Canada and as
290:Canadian Theatres
241:
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177:Universal Studios
110:January 1941
16:(Redirected from
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1415:
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1407:Pendakur 1990
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1386:National Post
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1157:Pendakur 1990
1153:
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1146:. p. 49.
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1059:
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1054:Pendakur 1990
1050:
1047:
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1038:
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1032:, p. 94.
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835:, p. 96.
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833:Pendakur 1990
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812:on 2008-02-09
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363:In the 1940s
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1487:. Retrieved
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1466:. Retrieved
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1293:Knelman 1987
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814:. Retrieved
810:the original
800:
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632:
624:
611:
591:distribution
577:
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566:Walter Reade
555:
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527:
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496:Warner Bros.
473:
469:receivership
461:
453:
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390:Imperial Oil
362:
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326:receivership
319:
305:AMC Theatres
298:
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281:
276:
267:
263:
243:
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207:Subsidiaries
136:Headquarters
88:Live theatre
67:Company type
1514:Works cited
1504:Seiler 2013
1320:Seiler 2013
1305:Seiler 2013
1242:Seiler 2013
1223:. Toronto.
1018:Seiler 2013
994:Seiler 2013
982:Seiler 2013
970:Seiler 2013
941:Seiler 2013
929:Seiler 2013
905:Seiler 2013
881:Seiler 2013
869:Seiler 2013
857:Seiler 2013
845:Seiler 2013
643:Marcus Loew
412:Taylor and
376:, a former
374:Earl Lawson
250:'s largest
246:was one of
184:(1998–2003)
179:(1986–1998)
1607:Categories
1558:0920059937
1537:1550130498
1485:. Cineplex
1468:2019-08-06
816:2008-01-24
792:References
645:) to form
588:home video
498:under the
339:Nat Taylor
161:Nat Taylor
152:Key people
126:Successors
104:1979-04-19
73:Subsidiary
1394:329288307
1229:386541608
536:Expansion
360:in 1947.
296:in 1978.
223:Cinescape
195:Divisions
1489:1 August
1426:CNNMoney
1390:ProQuest
1343:Archived
1225:ProQuest
1120:(32): 7.
1114:Take One
780:See also
593:outlet,
586:, and a
582:outlet,
551:MCA Inc.
322:Fox Film
258:and the
233:cineplex
173:MCA Inc.
146:, Canada
80:Industry
55:Formerly
1143:Variety
772:Toronto
693:Gallery
637:-based
628:Ed Koch
311:History
228:Website
144:Ontario
140:Toronto
117:1941-01
115: (
102: (
94:Founded
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494:, and
272:French
262:. The
256:Canada
220:Livent
201:Grande
168:Parent
1364:(4).
682:(now
349:Loews
1578:ISBN
1553:ISBN
1532:ISBN
1491:2018
674:and
292:and
235:.com
159:and
1366:doi
1609::
1576:.
1572:.
1530:.
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1423:.
1362:23
1360:.
1335:.
1312:^
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270:(
175:/
119:)
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34:.
20:)
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