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Loews Cineplex Entertainment, also known as Loews Incorporated, was an American theater chain operating in North America. The company was originally called "Loew's," after the name of its founder, Marcus Loew. In 1969, when the Tisch brothers acquired the company, it became known as "Loews."
Loews Cineplex Entertainment, also known as Loews Incorporated (originally Loew's), founded on June 23, 1904, by Marcus Loew, was the oldest theater chain operating in North America. From 1924 until 1959, it was also the parent company of Metro-Goldwyn-Mayer Studios (MGM).
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In June 2001, Onex Corporation announced its intent to acquire Loews Cineplex; as part of the deal, Loews Cineplex would close 46 cinemas (including 25 in Canada), and Onex would acquire the company for $1.3 billion with Oaktree Capital Management as a partner.
Cineplex Galaxy LP (Cineplex Galaxy) was created with the merger of Galaxy Entertainment Inc. and the Canadian assets of Loews Cineplex Entertainment, formerly Cineplex Odeon Corporation. Cineplex Galaxy began trading on the Toronto Stock Exchange as an Income Trust, priced at $10.00 per unit.
Loews Cineplex Entertainment Corporation manages motion picture theaters. The Company serves customers primarily in major cities throughout the United States, as well as Canada, Spain,...
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. [43] [44] Alliance Atlantis purchased Cineplex Odeon Films assets along with its home video division the same year.
