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Pathé Cinémas
Pathé Cinémas SASU is a cinema chain owned by Pathé, with operations in France, the Netherlands, Switzerland, Belgium, Morocco, and Tunisia. The company is market leader in the former three. Pathé is Europe's second largest cinema chain. History EuroPalaces was formed in 2001 when the French film production and distribution companies Pathé and Gaumont merged their cinema operations, respectively owned by Jérôme Seydoux and Nicolas Seydoux. Gaumont owned 34% and Pathé owned 66% of the shares in the joint venture. In 2010, EuroPalaces was renamed Les Cinémas Gaumont Pathé. On March 1, 2017, it was announced that Gaumont sold its 34% stake in Les Cinémas Gaumont Pathé to Pathé for €380 million, Gaumont wanted to focus more on the production and distribution of content. The name of the company changed shortly thereafter to Les Cinémas Pathé Gaumont, then to Pathé Cinémas in 2023 when Pathé removed the Gaumont brand from its cinemas. The company grew its circuit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
