Cineplex Inc. (“Cineplex”) is one of Canada’s leading entertainment companies and operates one of the most modern and fully digitized motion picture theatre circuits in the world. A top-tier Canadian brand, Cineplex operates numerous businesses including theatrical exhibition, food service, amusement gaming, alternative programming (Cineplex Events), Cineplex Media, Cineplex Digital Media, The Rec Room™ and the online sale of home entertainment content through CineplexStore.com and on apps embedded in various electronic devices. Cineplex is also a joint venture partner in SCENE – Canada’s largest entertainment loyalty program.
Cineplex is headquartered in Toronto, Canada, and operates 165 theatres with 1,683 screens from coast to coast, serving approximately 77 million guests annually through the following theatre brands: Cineplex Cinemas, Cineplex Odeon, Cineplex VIP Cinemas, Galaxy Cinemas, SilverCity Cinemas and Scotiabank Theatres. Cineplex also owns and operates the UltraAVX™, Poptopia and Outtakes brands. Cineplex trades on the Toronto Stock Exchange under the symbol CGX. More information is available at www.cineplex.com.
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 165 theatres with 1,683 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.