Loews Theatres, also known as Loews Incorporated (originally Loew's),
founded on June 23, 1904 by Marcus Loew, was the oldest theater chain
North America until it merged with
AMC Theatres on
January 26, 2006. From 1924 until 1959, it was also the parent company
Metro-Goldwyn-Mayer Studios. The Loews name is still used by AMC in
many markets. Its slogan was "Thank you for coming to Loews, sit back
and relax, enjoy the show!!!", which was used in the chain's theater
policy ads from the 1980s through the 1990s, when
Sony rebranded the
The company was originally called "Loew's", after the founder, Marcus
Loew. In 1969, when the Tisch brothers acquired the company, it became
known as "Loews".
2 See also
4 Further reading
5 External links
Loew's Theatre in Toronto, Canada, in 1945.
Loews Theatre, Times Square, 2005
Loew's Theatres Incorporated was founded in 1904 in Cincinnati, Ohio,
by entrepreneur Marcus Loew. Loew founded a chain of nickelodeon
theaters which showed short silent films in storefront locations. Soon
the successful enterprise grew to include deluxe vaudeville houses and
finally lavish movie palaces. Loew's theaters were found in cities
from coast-to-coast, but primarily in East Coast and Midwest states.
To provide quality films for his theaters, Loew founded
Metro-Goldwyn-Mayer Pictures (MGM) in 1924, by merging the earlier
firms Metro Pictures, Goldwyn Pictures, and Louis B. Mayer
Productions. Loew's Incorporated served as distribution arm and parent
company for the studio until the two were forced to separate by the
U.S. Supreme Court
U.S. Supreme Court ruling
United States v. Paramount Pictures,
Inc. The two companies officially split in 1959.
In 1985, when federal regulations had been relaxed, Tri-Star Pictures,
then a joint venture co-owned by
The Coca-Cola Company
The Coca-Cola Company (also owners of
Columbia Pictures at the time) CBS, and Time Inc.'s HBO, acquired the
Loews theater chain from Loews Corporation, the successor company to
the original firm founded by Marcus Loew.
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.
CBS left Tri-Star in 1985, and
HBO left the
venture and Tri-Star merged with
Columbia Pictures in 1987, resulting
in the formation of
Columbia Pictures Entertainment.
Upon the full acquisition of Tri-Star by Columbia Pictures, and when
Columbia was bought from Coca-Cola by
Sony in 1989,
Sony inherited the
theaters as well. For a while, Loews operated under the
Sony partnered with
Magic Johnson to form Magic Johnson
Theaters, a mini-chain of theaters specifically geared toward the
inner cities, particularly in Los Angeles. A year before,
Digital Sound was installed in several theaters since the parent
company used it to promote Sony's cinema sound division, which shut
down in 2002.
Cineplex Odeon Corporation
Cineplex Odeon Corporation merged with Loews Theaters to form
Loews Cineplex Entertainment. The combined company was one of the
largest movie exhibitors in the world, with theaters in the United
States, Canada, Mexico, South Korea, and Spain. In 2001, though, the
company declared Chapter 11 bankruptcy.
Onex Corporation and
Oaktree Capital Management
Oaktree Capital Management acquired
Loews Cineplex. In 2004, they sold Loews to a private group of
investors which included the Carlyle Group. Onex retained the Canadian
Loews Cineplex to form Cineplex Galaxy LP.
AMC Theatres announced that it would merge with Loews
Entertainment and that the merged company would adopt the AMC
name. The Loews name is still used in many markets. At the time of
the merger, Loews operated 198 theaters with 2,235 screens.
Loews Theatre in Harvard Square, 2007.
Loews Alderwood 16 in Lynnwood, Washington, opened in March 2005
before the merger with AMC Theatres.
Loew's Wonder Theaters
United States v. Loew's Inc., a 1962 Supreme Court decision on block
^ "AMC-Loews merger to close soon". Cinema Treasures. January 26,
2006. Retrieved January 26, 2006.
Robert Sobel, The Entrepreneurs: Explorations Within the American
Business Tradition (Weybright & Talley 1974), luca 7, Marcus Loew:
An Artist in Spite of Himself ISBN 0-679-40064-8.
Wikimedia Commons has media related to Loew's theatres.