Corporate Milestones

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Corporate Milestones 

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  • 1920
    Famous Players Canadian Corporation is created
  • 1979
    Cineplex Odeon Corporation is created by Garth Drabinsky and Nathan Taylor and opens its first theatre in Toronto’s Eaton Centre
  • 1986
    MCA buys 49% of Cineplex Odeon Corp. for US$159 million
  • 1989
    Drabinsky and vice-chairman, Myron Gottlieb resign
  • 1994
    Viacom Inc., the world’s third largest media company, buys Famous Players
  • May 1998
    Cineplex Odeon Corp. merges with the US-based Loews Theatres, creating Loews Cineplex Entertainment, one of the world’s largest motion picture theatrical exhibition companies
  • December 1999
    Galaxy Entertainment Inc. is founded by Ellis Jacob and Stephen Brown. The company creates state-of-the-art entertainment destinations for mid-size Canadian cities that historically were underserved.
  • February 15, 2001
    Loews Cineplex Entertainment files for creditor protection
  • March 2002
    Onex Corporation and Oaktree Capital acquire a restructured Loews Cineplex Entertainment
  • November 23, 2003
    Cineplex Galaxy LP is created with the merger of Galaxy Entertainment Inc. and the Canadian assets of Cineplex Odeon Corporation. Cineplex Galaxy Income Fund is created and the IPO is priced at CDN$10.00 per unit on the Toronto Stock Exchange, (symbol CGX.UN).
  • February 21, 2005
    Viacom Inc. announces its intent to divest the Famous Players theatre chain
  • May 27, 2005
    Cineplex Galaxy LP receives a consent order signed by the Canadian Competition Bureau allowing the purchase of Famous Players
  • June 10, 2005
    A Purchase Agreement between Viacom Inc. and Cineplex Galaxy LP is signed and the intent to purchase Famous Players for approximately $464 million in cash and approximately $36 million in lease obligations is announced
  • June 29, 2005
    To finance the acquisition, Cineplex Galaxy LP announces a $215 million public offering. An announcement is also made indicating the intent to sell the real estate interests in four theatre locations in a sale-leaseback agreement for $67 million to RioCan Real Estate Investment Trust.
  • July 22, 2005
    Cineplex Galaxy LP’s purchase of Famous Players from Viacom is complete, as well as the closure of the equity and debt financing. Formal divestiture process commences for sale of 34 theatres.
  • August 4, 2005
    Cineplex Galaxy LP completes the sale of real estate interest in four theatre locations to RioCan REIT for $67 million
  • August 22, 2005
    Cineplex Galaxy LP announces sale of 27 theatres and 202 screens to Empire Theatres Ltd. for approximately $83 million
  • September 30, 2005
    Cineplex Galaxy LP announces completion of the sale of 27 theatres to Empire Theatres Ltd
  • October 3, 2005
    Cineplex Galaxy LP is renamed Cineplex Entertainment LP. The company owns, leases or has operating interest in theatres under the following brands: Cineplex Odeon, Galaxy and Famous Players, including Coliseum, Colossus, and SilverCity.
    Cineplex Entertainment
  • November 1, 2005
    Cineplex Media, a division of Cineplex Entertainment LP is created by combining the CineMarketing sales division of Cineplex Entertainment with assets of Famous Players Media Inc.
  • March 31, 2006
    Cineplex Entertainment announces the sale of seven theatres with 78 screens in the province of Quebec to Fortune Cinemas for $2 million
  • January 24, 2007
    Cineplex Entertainment GTA launch of first-ever Canadian entertainment rewards program, SCENE, in partnership with Scotiabank. As part of the agreement, five theatres are to be re-branded to Scotiabank Theatres. Re-branding of Paramount Toronto Theatre to Scotiabank Theatre Toronto is announced.
    SCENE
  • April 2, 2007
    Oaktree Capital Management sells their interest in the Fund along with a portion of the units held by Onex Corporation. This resulted in a reduction of Onex’s effective controlling interest in Cineplex Entertainment LP to 23.7%.
  • May 1, 2007
    Board of Directors approves increase to Cineplex Galaxy Income Fund cash distributions to $1.20 per unit
  • May 2, 2007
    National launch of SCENE program as well as the re-branding of three more theatres to the Scotiabank theatre brand: Scotiabank Theatre Montreal, Scotiabank Theatre Vancouver and Scotiabank Theatre Edmonton
    Scotiabank
  • June 29, 2007
    Cineplex Entertainment announces acquisition of Cinema City chain. Three theatres are acquired.
  • September 21, 2007
    Cineplex Entertainment announces the re-branding of Paramount Chinook to a Scotiabank brand as part of the agreement with the bank. Scotiabank Theatre Chinook is the last flagship location to be re-branded.
  • December 7, 2007
    SilverCity Oakville Cinemas, Canada’s largest digital cinema complex opens. This theatre is also the first theatre to incorporate the “Backlot” concept which includes bowling, billiards and a bar/lounge, in addition to VIP auditoriums and a VIP lounge, the Cineplex Kids Club (a child-minding service) and Xtras (the Cineplex store).
  • March 26, 2008
    Cineplex Media celebrates the 100th issue of Famous Magazine
    100th issue
  • April 17, 2008
    SCENE program expands with the addition of an online music store
  • May 8, 2008
    Board of Directors approves second increase to Cineplex Galaxy Income Fund cash distributions to $1.26 per unit
  • July 22, 2008
    Cineplex Entertainment and RealD announce agreement to install 175 3D systems in Cineplex theatres across the country
  • July 22, 2008
    SCENE reaches milestone with its one millionth member
  • December 12, 2008
    Cineplex Entertainment launches online e-commerce initiative The Cineplex Store. Cineplex also begins offering liquor service in its VIP auditoriums at Cineplex Odeon Varsity Cinemas.
    Cineplex Store
  • January 2, 2009
    Cineplex Entertainment begins offering liquor service in its VIP auditoriums at SilverCity Oakville Cinemas
  • January 5, 2009
    Cineplex Galaxy Income Fund announces unit exchange with its largest shareholder, Onex Corporation
  • March 30, 2009
    Cineplex Galaxy Income Fund and Onex Corporation announce a secondary offering of 12,956,885 trust units. This represented the balance of units controlled by Onex Corporation. The transaction was completed on April 21, 2009.
  • April 8, 2009
    Cineplex Entertainment announces plan to acquire Onsite Media Network for $1.7 million
  • April 16, 2009
    Cineplex Entertainment announces the introduction of the XSCAPE Entertainment Centre at SilverCity Newmarket Cinemas
  • April 21, 2009
    Cineplex Galaxy Income Fund completes secondary offering of Trust units originally held by Onex Corporation concluding their majority ownership in the Fund
  • May 1, 2009
    Cineplex Entertainment completes acquisition of Onsite Media Network and renames business Cineplex Digital Media
  • June 18, 2009
    Cineplex Entertainment announces partnership with D-Box Technologies with the install of D-Box motion code seats at the Cineplex Odeon Queensway Cinemas
  • September 10, 2009
    Cineplex Entertainment announces launch of Telus Tuesdays with the Telus Half Price Movie Combo
  • October 24, 2009
    SCENE reaches two million members
  • October 27, 2009
    SCENE partners with Live Nation, the world’s largest producer of live concerts
  • December 31, 2009
    Cineplex Entertainment has 190 digital projectors of which 149 are equipped with RealD 3D in 89 theatres across the country
  • February 2010
    Cineplex Entertainment presents the CTV Olympic Games Broadcast at Cineplex for the first time at Cineplex theatres across the country
  • June 16, 2010
    Cineplex Entertainment announces a new entertainment experience – UltraAVX TM in two locations at SilverCity CrossIron Mills Cinemas & XSCAPE Entertainment Centre in Calgary, AB and Cineplex Odeon Queensway Cinemas in Toronto, ON. Additional UltraAVX locations will open later in 2010.
  • June 17, 2010
    Cineplex Entertainment announces plans to acquire Digital Display & Communications Inc. for an estimated $3.5 million
  • June 30, 2010
    UltraAVX premieres at SilverCity CrossIron Mills Cinemas & XSCAPE Entertainment Centre and Cineplex Odeon Queensway Cinemas
  • July 2, 2010
    Cineplex Entertainment completes the acquisition of Digital Display & Communications Inc.
  • September 7, 2010
    Famous and Famous Québec magazines change names to Cineplex Magazine and Le magazine Cineplex
  • October 13, 2010
    Cineplex Entertainment launches mobile ticketing via m.cineplex.com
  • November 10, 2010
    Cineplex Entertainment launches the Cineplex mobile apps
  • November 18, 2010
    Cineplex Entertainment launches digital download service via Cineplex.com
  • January 1, 2011
    Cineplex Inc. announces the completion of the conversion of Cineplex Galaxy Income Fund to a Corporation
  • February 18, 2011
    Cineplex Entertainment renames Digital Display and Communications Cineplex Digital Solutions
  • May 12, 2011
    Board of Directors approves increase of Cineplex Inc. dividend to $1.29 per unit
 


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About us

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 services, gaming, alternative programming (Front Row Centre Events), Cineplex Media, Cineplex Digital Solutions 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 136 theatres with 1,455 screens from British Columbia to Quebec, serving approximately 71 million guests annually through the following theatre brands: Cineplex Odeon, Galaxy, Famous Players, Colossus, Coliseum, SilverCity, Cineplex VIP, Cinema City 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 cineplex.com.