[3], In November 1985, Cineplex Odeon bought the Plitt Theatres chain (previously United Paramount Theatres and ABC Theatres) consisting of over 600 screens, for $135 million. Transaction DetailsThe transaction will be implemented by way of statutory plan of arrangement under the Business Corporations Act (Ontario). On April 19, 1979, Nathan "Nat" Taylor, inventor of the multiscreen theater, and Garth Drabinsky opened the first Cineplex location, an 18-screen complex in the basement of the Toronto Eaton Centre. For Chinese entertainment group, see, 20052012: purchase of Famous Players, Cineplex Entertainment, 2019present: attempted acquisition by Cineworld. Learn More. The sale closed on October 31, 2013, and on November 1, 2013, the theatres reopened as Landmark Cinemas. By 2022 the total screens will reach 50 under management. ScreenDaily stated that this was "believed to be the first time an exhibitors position on theatrical windowing has affected scheduling at a major film festival". Seats are reserved in advance and consist of larger, sofa-like chairs comparable to Cineplex VIP Cinemas, though without the legal drinking age requirement or alcohol service. Cineplex is the first theatre company globally to safely reopen its entire circuit of theatres and entertainment venues, following temporary lockdowns stemming from the COVID-19 pandemic. But Cineplex fired back late Friday, insisting the allegations of wrongdoing are false, and vowing to see Cineworld in court in a battle over damages. The film's co-director Cory Solomon also, along with other anti-abortion activists and religious groups, called for a boycott of Cineplex. [43] Another location at Erin Mills Town Centre in Mississauga opened on May 17, 2023. Cineworld Group plc : Shareholders Board Members Managers and Company To make room for these seats, theatres now have 60% fewer seats.[13]. United States Bankruptcy Court for the Southern District of Texas, List of Cineplex Entertainment movie theatres, Learn how and when to remove this template message, "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 to open 'cinema of the future' in the GTA in 2020", "Cineplex's bold plan to battle streaming giants like Netflix", "Cineplex Launches New 'Junxion' Entertainment Concept with Additional Canadian Locations Planned [Interviews]", "Cineplex's premium-seating options providing big boost to box office revenue", "Why don't movie theatres eliminate the front row? Cineplex Corporation acquires Canadian Odeon Theatres, forming a new company called Cineplex Odeon Corporation and begins planning for a major expansion. A termination fee is payable to Cineplex in certain circumstances, including if Cineworld Group fails to obtain the required shareholder approval of its shareholders. An integrated network providing impactful media solutions, helping brands make meaningful connections with consumers. Canada's most popular destination for movies, showtimes, tickets, and trailers. Box 500 Station A Toronto, ON Canada, M5W 1E6. AdvisorsScotiabank is acting as Cineplex's exclusive financial advisor and its legal advisors are Goodmans LLP (Canada), Herbert Smith Freehills LLP (U.K.) and Baker & McKenzie (U.S.). From the founding of the first Famous Players company in 1912, to the opening of locations of The Rec Room across the country, we have been entertaining Canadians for over 100 years it is what we do best. Select restaurants and entertainment are open with modified hours. The Hollywood Reporter on Friday . Famous Players becomes the first Canadian exhibitor to show WWE live events on the big screen, opening the door to Alternative Programming in movie theatres. Regal owner Cineworld previously had a deal to buy Cineplex, but the Covid-19 pandemic forced it to walk away. Looks like you're using an unsupported browser. CBC's Journalistic Standards and Practices. Who currently owns Cineplex? How New York's Small Cinemas Are Hanging On - The New York Times Cineplex reported CAD1. [5][4] The Bronfman family was a major investor in the purchase. [10], Odeon Theatres of Canada was established in 1941, before merging with the Canadian Theatres chain in 1978, becoming Canadian Odeon Theatres.[11]. The logo of the Cineplex Odeon (19992009). Canada's largest movie chain has agreed to a $2.8-billion friendly takeover deal as theatres struggle with declining attendance amid increased competition for moviegoers' attention. ", "Cineplex's premium-priced seats get two thumbs up", "Cinema Cineplex IMAX aux Galeries de la Capitale", "EXPERIENCE DUNKIRK IN IMAX 70MM FILM AND IMAX WITH LASER", "Experience Oppenheimer in IMAX 70mm Film at Select Locations for a Limited Time", "How Premium Large Format Auditoriums Are Helping Welcome Audiences Back to the Movies", "Going Big: More and more circuits invest in Premium Large Format brands", "New motion seats add excitement to movies at Cineplex Odeon Windsor", "How Montreal-based D-BOX Technologies' seats are rumbling their way into more cinemas", "Lansdowne VIP Cinemas: An adults-only experience", "Cineplex opens new adults-only VIP theatres at Queensway", "Cineplex VIP theatres coming to Saskatoon", "Effects you can see, feel and smell at Canada's first 4DX cinema", "Cineplex Cinemas in Saskatoon: Kid-friendly theatre and more", "The XSCAPE factor: Cineplex offers even more fun with entertaining centres", "Roundhouse to get Cineplex 'social destination' for dining, entertainment", "Entertainment and eats emporium the Rec Room opens in Toronto", "Be a virtual Ghostbuster at Toronto's new Cineplex Rec Room", "Second Rec Room location almost ready to go in West Edmonton Mall", "Special Report on Distribution and Exhibition: Exhibitors in expansive mood", "For the Record: Playdium signs TechTown deal", "Canada's First-Ever Upgraded Playdium Just Opened In Ontario And It's Absolutely Huge (PHOTOS)", "Huge movie theatre and entertainment complex opens in Mississauga |", "Toronto's new IMAX VR arcade shows how virtual reality can shape your local theater", "Virtual Cineplex: Canada's leading circuit unveils a new entertainment reality", "Imax Is Shutting Down Its VR Business, Closing Remaining Three VR Centers in Q1", "Cineplex to add at least 5 more Void virtual-reality experience centres", "Cineplex signs deal to open 30 to 40 VR installations across Canada", "Cineplex acquires 50 per cent stake in YoYo's Yogurt Cafe", "This Canadian Monopoly Is a Falling Knife That's Plunged ~40% Peak to Trough", "Cineplex faces lawsuit over discount ticket policies", "Notice of Certification and Settlement CURRENT AND FORMER CUSTOMERS OF CINEPLEX "CHEAP TUESDAYS", "Edmonton movie-goers celebrate Cineplex screening of anti-abortion film", "Anti-abortion movie 'Unplanned' to play in more than 24 Canadian theatres", "Controversial anti-abortion film Unplanned heading to Canadian theatres", "Cineplex theatres in Saskatoon, Regina to screen controversial anti-abortion film Unplanned", "Three Calgary venues to screen anti-abortion film 'Unplanned', "TIFF Confirms Cineplex Policy Banning Netflix and Amazon From Primary Screening Venue", "TIFF confirms Scotiabank Theatre's new rules on Netflix and Amazon titles", https://en.wikipedia.org/w/index.php?title=Cineplex_Entertainment&oldid=1165738086, This page was last edited on 17 July 2023, at 03:26. The company later announced that it wouldjoining competitor Landmark Cinemas and a handful of independent cinemasscreen Unplanned with a one-week limited release at 24 Cineplex locations. Famous Players builds its first multiplex movie theatre nationally, in Ottawa, Ontario. Landmark Cinemas is the umbrella name originally covering the holdings of Towne Cinemas, Rokemay Cinemas, and occasionally May Theatres. Regal and Cinemark followed with around 6.85 thousand and 4.43 thousand movie theater screens, respectively. [11], In April 1998, Cineplex Odeon Theatres merged with New York City-based Loews Theatres (founded in 1904 by Marcus Loew) to form Loews Cineplex Entertainment. Whether at home or on the go, we offer over 10,000 digital titles to rent or own, including the latest releases. 10:00AM-9:00PM. "Given CGX's significant market share in Canada and historical premium to U.S. peers, we believe the elevated valuation was largely warranted.". sapphire hamburg area school district who owns cineplex canada. Cineplex does not intend to disclose developments with respect to the go-shop process unless and until the Cineplex board of directors makes a determination requiring further disclosure. Cineplex has a long and rich history dating back to the early 1900s that has shaped us into the company we're proud to be today. [4] Also in 1982, the company listed on the Toronto Stock Exchange. The go-shop period expires on February 2, 2020. The company boasts nearly 9,500 screens across 786 sites as of Dec. 1, 2019, and about 30,000 employees, according to its website. Cinema in Canada - statistics & facts | Statista These complexes feature extensive food court style concessions and arcade games. Will Cineplex, Canada's largest cinema chain, be next in line to roll These require an additional cost compared to a regular admission and offer reserved seating. Cineplex Inc. has agreed to a friendly takeover deal that values the operator of Canada's largest chain of movie theatres at $2.8 billion, including debt. Network administrators use the WHOIS lookup to identify and fix problems. Empire Theatres Limited was a movie theater chain in Canada, a subsidiary of Empire Company Ltd., the holding company of the Sobey family conglomerate. 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 Entertainmenta chain of cinemas that was established in 1999 by former Cineplex Odeon executives, and operated primarily in smaller markets. Who Owns Cineplex In Canada? - Ontario Bakery The entertainment industry continues to transform and we are pleased that through this agreement we are ensuring Cineplex is part of the next era of global entertainment.". It claims to be the second largest cinema chain in the world in the top two position by number of screens where it operates, including in the U.S., U.K., Ireland, Poland and Israel. Ushering in a new era of luxurious, adults-only movie-going, Cineplex VIP Cinemas Don Mills opens its doors as Canadas first stand-alone VIP Cinemas location. Century Cinemax is the largest cinema operator in East Africa with presence in Tanzania, Uganda, Kenya and South Africa. The Cranbrook location has non recliner premiere style seating, while the other 16 "Premiere Seats" locations have recliner premiere seats, which are similar to Landmarks other recliner seats but add privacy screens, coat hooks, side tables, plus adjustable headrests and heated seats. Marie, Ontario. The movie chain worked to diversify its offerings beyond movies in recent years and rebrand as an entertainment company in an effort to overcome lacklustre attendance and boost profits. Based in Calgary, Alberta, Landmark operates 39 theatres with 317 screens, [2] primarily in Ontario and western Canada. The company was the result of Cineplex Corporation in 1984 purchasing and merging with Canadian Odeon Theatres, which itself was the result of a merger between Canadian Theatres and Odeon Theatres of Canada in 1978. With over 11,200 screensi around the globe, the proposed transaction will create one of the world's largest cinema companies, providing Cineplex with scale and all the benefits associated with a global enterprise. Browse our exclusive retailer list and visit us today. Fairness Opinion and Cineplex Board of Directors RecommendationCineplex's board of directors, in consultation with its financial and legal advisors, has determined that the transaction is in the best interest of Cineplex and is fair to shareholders and unanimously recommends that shareholders vote in favour of the transaction. After such time, Cineplex does not intend to declare any further dividends. [citation needed], Cineplex owns Playdium, an arcade and family entertainment centre chain focused on children and teens. Cineplex Junxion was announced as a new cinema banner in 2019;[41][42] these locations feature expanded arcade, restaurant, and live entertainment areas in addition to traditional cinema auditoriums.[43]. Uganda Century Cinemax - Largest cinema operator in Kampala with movie houses at Acacia Mall, Metroplex Shopping Center and Arena Mall. Selected Cineplex locations offer including large-screen formats, motion seats, and VIP for a higher ticket price. Cineplex, Canada's Largest Movie Theater Chain, Fully Reopens Corporate Information | IMAX The transaction also creates a new partner for the Canadian film industry to collaborate with, as Cineworld Group has extensive distribution and exhibition businesses outside of Canada. The Arrangement Agreement includes a 7 week go-shop period, which permits Cineplex, with the assistance of its financial advisor, to actively solicit, evaluate and enter into negotiations with third parties that express an interest in acquiring Cineplex. The sale also included five IMAX screens, one in Calgary, Alberta, and four in Ontario. Founded in 1995, Cineworld became a public company in May 2007. However, it did not outline the specifics of its allegations in a statement, and a Cineworld representative would not answer questions. This deal was completed on July 22, 2005. Cineworld struck the takeover deal for Cineplex long before COVID-19 had rattled the movie industry. [33], On June 12, 2020, Cineworld abandoned the purchase, alleging that Cineplex had engaged in conduct that breached unspecified terms of the sale, and that the company had experienced a "material adverse effect" of an unspecified nature. [20][21], With the bankruptcy of Fortune Cinemas, Cineplex Entertainment acquired (or in this case, re-acquired) some of Fortune Cinemas theatres. "Since Cineplex went public in 2003, we have been committed to delivering value to our shareholders. Cineplex Inc. (formerly Cineplex Galaxy) is a Canadian cinema and family entertainment centre chain headquartered in Toronto. With over 100 years of movie moments, Cineplex is synonymous with entertainment in Canada. Beginning in December 2007, Yogen Frz became the preferred partner. Cineplex also expanded food services with a focus on adding alcoholic beverages to more theatres. The first Cineplex Junxion opened at Kildonan Place in Winnipeg in December 2022, succeeding the existing SilverCity location at the same site. Cineplex agrees to acquisition by U.K.-based Cineworld The company was the result of Cineplex Corporation in 1984 purchasing and merging with Canadian Odeon Theatres, which itself was the result of a merger between Canadian Theatres and Odeon Theatres of Canada in 1978. Cineplex's board of directors recommends shareholders vote for the acquisition. [12], Reserve Recline Relax is a premium theatre offering available at no additional charge at 21 Landmark Cinemas locations. is a Canada-based entertainment company that owns and operates a chain of movie theatres and family entertainment centers. About Cineplex Cineplex (TSX:CGX) is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. 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. Cineplex aims to have 10 to 15 Playdium locations across Canada. Cineplex has transformed movie-going in Canada. [15] At the time of the merger, Cineplex Odeon operated 40 locations in Canada. Okotoks Cinemas - The best family fun and treats in Okotoks! They welcomed back over 1.5 million guests within the first month of reopening. The company has grown through expansion and by acquisition to become the second largest cinema chain worldwide, holding the number one or number two position by number of screens in each of its regions. How much does a cineplex cast member make? [86], In 2012, a class-action lawsuit was filed against Cineplex over locations refusing to honour the company's "Cheap Tuesdays" promotion. Cineplex wins $1.24B in damages in lawsuit with former merger partner Premiere Seats consist of two different versions. Cineplex acquired 24 former Empire locations in the Atlantic provinces as well as 2 in Ontario,[7] for around $200 million (Landmark Cinemas acquired the remainder, predominantly in Western Canada and Ontario). In 1986, the corporation established a film distribution outlet, Cineplex Odeon Films, and a home video distribution outlet, Cineplex Odeon Home Video (Later Cineplex Odeon Video) replacing Pan-Canadian Video Presentations.
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