Cineplex Odeon Corporation was one of

North America North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and th ...

's largest movie theatre operators and live theatre, with theatres in its home country of

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by to ...

and the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...

. The Cineplex Odeon 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 Cineplex Cinemas () brand. 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. Theatres formerly operated by the company are now operated by

Cineplex Entertainment Cineplex Inc. (formerly Cineplex Galaxy) is a Canadian movie theatre and family entertainment centre chain headquartered in Toronto. The company was formed in 2003 via the acquisition of Loews Cineplex's Canadian operations (which included t ...

in Canada and as AMC Theatres in the United States.

History

Odeon Theatres of Canada

The oldest ancestor of Cineplex Odeon was Odeon Theatres of Canada, started as "Generals Theatre Corporation" by Paul Nathanson, son of

Famous Players Famous Players Limited Partnership, DBA Famous Players, is a Canadian-based subsidiary of Cineplex Entertainment. As an independent company, it existed as a film exhibitor and cable television service provider. Famous Players operated numerous m ...

Canadian Corporation president Nathan L. Nathanson. The "Odeon Theatres of Canada" name was first used in January 1941. The elder Nathanson was rumoured to be involved in the chain, but it was not until early May 1941 that he resigned (for the second time) from Famous Players Canadian, and acknowledged his position in creating and operating Odeon. The chain, initially composed of independent theatres, was not originally affiliated with the British "

Odeon Cinemas Odeon, stylised as ODEON, is a cinema brand name operating in the United Kingdom, Ireland and Norway, which along with UCI Cinemas and Nordic Cinema Group is part of the Odeon Cinemas Group subsidiary of AMC Theatres. It uses the famous name ...

" circuit; it was sold to the British chain's owners, the

Rank Organisation The Rank Organisation was a British entertainment conglomerate founded by industrialist J. Arthur Rank in April 1937. It quickly became the largest and most vertically integrated film company in the United Kingdom, owning production, distribut ...

, in 1946. Following

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...

, there was a wave of anglophilia in

Ontario Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central Ca ...

; Odeon emphasised its British ownership to capitalize on this sentiment, screening British films—particularly those made by Rank. Odeon Theatres of Canada merged with the Canadian Theatres chain in 1978, becoming known as Canadian Odeon Theatres.

Acquisition by Cineplex Corporation

Cineplex Corporation began operating in 1979. 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. At the time, the theatre earned a place in the

Guinness Book of World Records ''Guinness World Records'', known from its inception in 1955 until 1999 as ''The Guinness Book of Records'' and in previous United States editions as ''The Guinness Book of World Records'', is a reference book published annually, listing world ...

as the world's largest cinema. In July 1982 they opened their first theater in the United States, with a 14-screen multiplex in the newly built Beverly Center in Los Angeles, the largest in the US at the time. Also in 1982, the company listed on the

Toronto Stock Exchange The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in the ...

. After successfully winning a legal challenge against the Famous Players/Canadian Odeon duopoly and their exclusive contracts with major studios, in June 1984, Cineplex bought Canadian Odeon Theatres who owned 164 theaters with 297 screens for $12 million, to become Cineplex Odeon. The

Bronfman family The Bronfman family is a Canadian family, known for its extensive business holdings. It owes its initial fame to Samuel Bronfman (1889–1971), the most influential Canadian Jew of the mid-20th century, who made a fortune in the alcoholic distill ...

was a major investor in the purchase.

Expansion

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. In 1986, Cineplex Odeon bought Essaness Theatres (a Chicago area chain founded in 1929 by

Edwin Silverman Edwin Silverman (1898 – February 12, 1970) was an American businessman who co-founded the Essaness Theatres chain and founded WSNS-TV. Biography Silverman was born to a Jewish family in Chicago.Spiegel catalog Spiegel was an American direct marketing retailer founded in 1865 by Joseph Spiegel. Spiegel published a catalog, like its competitors Sears and Montgomery Ward, which advertised various brands of apparel, accessories, and footwear, as well ...

family) consisting of 41 screens for $14.35 million; Neighborhood Theatres of Virginia (75 screens) for $21 million; RKO Century Theatres chain (previously Century Theatres New York area chainand RKO Stanley Warner Theatres) involving 93 screens in New York and New Jersey for $179 million; and Seattle based Sterling Recreation Organization with 114 screens for $45.5 million. Also, in 1986, when federal regulations had been relaxed,

MCA MCA may refer to: Astronomy * Mars-crossing asteroid, an asteroid whose orbit crosses that of Mars Aviation * Minimum crossing altitude, a minimum obstacle crossing altitude for fixes on published airways * Medium Combat Aircraft, a 5th gen ...

(owners of

Universal Universal is the adjective for universe. Universal may also refer to: Companies * NBCUniversal, a media and entertainment company ** Universal Animation Studios, an American Animation studio, and a subsidiary of NBCUniversal ** Universal TV, a t ...

) purchased a stake in Cineplex Odeon. In 1987, Cineplex acquired the Walter Reade Organization (including 11 screens) for $32.5 million from

The Coca-Cola Company The Coca-Cola Company is an American multinational beverage corporation founded in 1892, best known as the producer of Coca-Cola. The Coca-Cola Company also manufactures, sells, and markets other non-alcoholic beverage concentrates and syrups ...

. They also listed on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its liste ...

in May 1987. They acquired 20 Circle Theatres in Washington DC and Maryland with 75 screens for $51 million in December 1987. In 1986, the corporation established a

film distribution Film distribution (also known as Film exhibition or Film distribution and exhibition) is the process of making a movie available for viewing by an audience. This is normally the task of a professional film distributor, who would determine the marke ...

outlet,

Cineplex Odeon Films Cineplex Odeon Films (later known as Odeon Films) was the film distribution unit of the Canadian cinema chain Cineplex Odeon Corporation. The company was originally named Pan-Canadian Film Distributors. In 1998, the company was sold off to Allia ...

, and a

home video Home video is prerecorded media sold or rented for home viewing. The term originates from the VHS and Betamax era, when the predominant medium was videotapes, but has carried over to optical disc formats such as DVD, Blu-ray and streaming me ...

distribution Distribution may refer to: Mathematics * Distribution (mathematics), generalized functions used to formulate solutions of partial differential equations *Probability distribution, the probability of a particular value or value range of a vari ...

outlet, Cineplex Odeon Home Video (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

Universal Studios Universal Pictures (legally Universal City Studios LLC, also known as Universal Studios, or simply Universal; common metonym: Uni, and formerly named Universal Film Manufacturing Company and Universal-International Pictures Inc.) is an Americ ...

. The company also operated Live Entertainment of Canada, which was established in 1989 after they acquired Pantages Theatre from Famous Players. Livent became an independent company after an internal conflict between Drabinsky and MCA. 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

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. Cineplex Odeon had exclusive first-run rights to films made by Columbia and

, which allowed them to seize a hefty market share. 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. In April 1998, Cineplex Odeon Theatres merged with

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

-based Loews Theatres (founded in 1904 by Marcus Loew) to form Loews Cineplex Entertainment. Alliance Atlantis purchased Cineplex Odeon Films assets along with its home video division the same year.

Post Loews Cineplex Entertainment

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 Galaxy Entertainment 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

chapter 11 bankruptcy Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whe ...

. Lowes Cineplex was later acquired by

Onex Corporation Onex Corporation is an investment manager founded in 1984. The firm manages capital on behalf of Onex shareholders, institutional investors and high net worth clients around the world. As of September 30, 2022, Onex had approximately US$47.2 ...

and Oaktree Capital Management in 2002. In 2004, Onex decided to sell Loews Cineplex and retain the Canadian operations, merging then with Galaxy to form

Cineplex Galaxy Income Fund Cineplex Inc. (formerly Cineplex Galaxy) is a Canadian movie theatre and family entertainment centre chain headquartered in Toronto. The company was formed in 2003 via the acquisition of Loews Cineplex's Canadian operations (which included ...

(now

). At the time of the merger, Cineplex Odeon operated 40 locations in Canada.

Gallery

File:Odeon (Canada) logo.png, The logo used by Odeon Theatres of Canada, the same logo used by its British parent company,

Odeon Theatres Odeon, stylised as ODEON, is a cinema brand name operating in the United Kingdom, Ireland and Norway, which along with UCI Cinemas and Nordic Cinema Group is part of the Odeon Cinemas Group subsidiary of AMC Theatres. It uses the famous name ...

. File:Canadian Odeon Theatres logo.png, The logo of Canadian Odeon Theatres. File:Cineplex Corporation logo.png, The logo of the Cineplex Corporation. File:Cineplex Odeon Cinemas logo.svg, The logo of the Cineplex Odeon (1984–1998). File:Cineplex Odeon logo.svg, The logo of the Cineplex Odeon (1998–2009). File:Cineplex Odeon Eglinton Town Centre.jpg, The Cineplex Odeon at Eglinton Town Centre in

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anch ...

References

External links

Cineplex Entertainment LP Website
{{Authority control Loews Cineplex Entertainment Movie theatre chains in Canada Movie theatre chains in the United States Companies based in Toronto Entertainment companies established in 1979