Cineplex Entertainment

This article is about the movie theatre company formerly known as "Galaxy Entertainment". For the Chinese entertainment group, see Galaxy Entertainment Group. For other topics, see Galaxy (disambiguation).
This article is about the Canadian movie exhibition company. For its pre-2003 predecessor, see Cineplex Odeon Corporation. For other topics, see Cineplex (disambiguation).
"Famous players" redirects here. For other uses, see Famous Players (disambiguation).

Cineplex Inc.
Formerly
  • Galaxy Entertainment
    (1999–2003)
  • Cineplex Galaxy (2003–2005)
  • Cineplex Galaxy Income Fund (2003–2011)
Company typePublic
Industry
Predecessors
FoundedOctober 4, 1999; 25 years ago (1999-10-04) (Galaxy Entertainment)
November 26, 2003; 20 years ago (2003-11-26) (Cineplex-Galaxy)[1]
FounderGerry Schwartz, Ellis Jacob and Stephen Brown
Headquarters
Number of locations
  • Theatres: 158
  • Screens: 1,637[2]
Area served
Canada
Products
RevenueIncrease CA$656.66 million (2021)[3]
Decrease –CA$84.29 million (2021)
Increase –CA$248.72 million (2021)
Total assetsDecrease CA$2.11 billion (2021)
Total equityDecrease –CA$219.72 million (2021)
Number of employees
Over 13,000 (2019)[3][4]
Divisions
Subsidiaries
[5]
Footnotes / references
[6]

Cineplex Inc. (formerly Cineplex Entertainment and Cineplex Galaxy) is a Canadian operator of movie theater and family entertainment centers, headquartered in Toronto. It is the largest cinema chain in Canada; as of 2019, it operated 165 locations, and accounted for 75% of the domestic box office.[7]

The company was formed in 2003 via the acquisition of Loews Cineplex's Canadian operations (which included the assets of the former Cineplex Odeon chain) by Onex Corporation and Oaktree Capital Management, and its subsequent merger with Onex's Galaxy Entertainment—a chain of cinemas that was established in 1999 by former Cineplex Odeon executives, and operated primarily in smaller markets. The company subsequently acquired Famous Players from National Amusements in 2005, went public in 2011, and acquired Empire Theatres' operations in Atlantic Canada and parts of Ontario in 2013. In December 2019, Cineplex agreed to be acquired by British exhibitor Cineworld Group for $2.8 billion, pending regulatory and shareholder approval, but Cineworld abandoned the sale in June 2020 due to unspecified breaches of the sale terms.

The company operates cinemas across Canada, primarily under the brand Cineplex Cinemas. Some flagship locations operate as Scotiabank Theatre, while some locations use brands carried over from its corporate predecessors (such as Famous Players, SilverCity, Odeon, and Galaxy, although some of them have since been converted to the Cineplex banner). The company also owns Family entertainment centers under the brands The Rec Room and Playdium, the rewards loyalty program Scene+ (in partnership with Scotiabank and the Empire Company), the e-commerce Cineplex Store, film distributor Cineplex Pictures and the digital advertising business Cineplex Media.

  1. ^ "Investors | FAQ's".
  2. ^ "Cineplex Inc. 2022 Annual Report" (PDF). Cineplex Corporate. February 6, 2023. p. 7. Retrieved April 17, 2023.
  3. ^ a b "CINEPLEX INC. 2021 Annual Report: Management's Discussions and Analysis" (PDF). Cineplex.com. January 12, 2022. p. 33. Retrieved September 18, 2020.
  4. ^ "Company Profile for Cineplex Galaxy Income Fund (CA;CGX.UN)". Archived from the original on August 30, 2009. Retrieved October 14, 2008.
  5. ^ "Cineplex Annual Information Form" (PDF). Cineplex. March 31, 2017. p. 4.
  6. ^ "Cineplex 2018 Annual Report" (PDF). Annual & Quarterly Reports. Cineplex. Retrieved July 12, 2019.
  7. ^ "Cineworld To Acquire Canada's Cineplex In $2.1B Deal, Making Regal North America's Largest Exhibition Circuit". Deadline. December 16, 2019. Retrieved March 11, 2024.