Cineplex (TSX:CGX) is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. A leading entertainment and media company, Cineplex welcomes over 70 million guests annually through its circuit of theatres and location based entertainment venues across the country. In addition to being Canada’s largest and most innovative film exhibitor, Cineplex also operates successful businesses in digital commerce (CineplexStore.com), food service, alternative programming (Cineplex Events), cinema media (Cineplex Media), digital place-based media (Cineplex Digital Media), amusement solutions (Player One Amusement Group) and an online esports platform for competitive and passionate gamers (WorldGaming.com). Additionally, Cineplex operates a location based entertainment business through Canada’s newest destination for ‘Eats & Entertainment’ (The Rec Room), and will also be opening new complexes specially designed for teens and families (Playdium) as well as exciting new sports and entertainment venues across Canada (Topgolf). Cineplex is a joint venture partner in SCENE, Canada’s largest entertainment loyalty program.
Proudly recognized as having one of the country’s Most Admired Corporate Cultures, Cineplex employs approximately 13,000 people in its offices across Canada and the United States. To learn more visit Cineplex.com or download the Cineplex App.
HISTORY OF CINEPLEX ENTERTAINMENT
The history of Cineplex Entertainment can be traced back to 1912 when Adolph Zukor founded the Famous Players Film Corporation, before merging with Canadian N.L. Nathanson’s company to form Famous Players-Lasky Corp.
While our company’s early history dates back more than a century, recent decades have seen a series of mergers, acquisitions and growth that created the Cineplex Entertainment we see today.
Cineplex Odeon Corporation is born
Cineplex Odeon Corp was created in 1979 by Garth Drabinsky and Nathan Taylor. The company opened its first “multiplex, ” called a “cineplex” at the Eaton Centre in Toronto, Ontario. Cineplex Odeon expanded throughout Canada, and into the US and Europe, before changing ownership numerous times and ultimately going bankrupt in 2001.
Galaxy Entertainment brings big-city entertainment to mid-sized markets
In 1999, Ellis Jacob and Steve Brown, former executives who left Cineplex Odeon Corporation during an ownership change, created a company designed to bring big-city entertainment to mid-sized markets across Canada. They called it Galaxy Entertainment, and by 2003, the company had grown to 19 theatres and $75 million in box office revenue.
Galaxy Entertainment merges with Cineplex Odeon
At the same time, in 2003, Cineplex Odeon was emerging from bankruptcy. For Galaxy, the prospect of a merger represented the first of three incredible opportunities to create value for shareholders. Later that year, Cineplex Odeon and Galaxy Entertainment merged and went public, forming Cineplex-Galaxy Income Trust.
Cineplex-Galaxy acquires Famous Players
In 2005, Viacom announced its plans to sell Famous Players theatres in Canada. Sensing another incredible opportunity to create value for shareholders, Cineplex put forward a bid to acquire Famous Players’ assets in Canada. When the transaction closed in July 2005, the company doubled in size from 86 to 166 theatres, overnight. Later that year, Cineplex-Galaxy divested 34 theatres, as mandated by the Competition Bureau. In 2006, the Cineplex-Galaxy was renamed Cineplex Entertainment – to better reflect a business that now included Famous Players.
Cineplex Entertainment acquires Empire Theatres’ Atlantic locations
In 2013, Empire Theatres approached Cineplex about its plans to exit the theatre exhibition business. Recognizing yet another opportunity to create value for shareholders, Cineplex acquired Empire’s 24 theatres in the Atlantic provinces – becoming a truly national company for the first time.
Cineplex Entertainment today
Cineplex is headquartered in Toronto, Canada, and operates 164 theatres with 1,676 screens from coast to coast, serving approximately 77 million guests annually through the following theatre brands: Cineplex Odeon, SilverCity, Galaxy Cinemas, Scotiabank Theatres, Cineplex Cinemas, Cineplex VIP Cinemas, Famous Players and Cinema City.
The company also owns, or has a joint venture interest in a number of subsidiary and joint-venture businesses, including Cineplex Digital Networks, Cineplex Starburst Inc., and SCENE LP.