Description: Specimen Stock printed by American Bank Note Company. Loews Cineplex Entertainment, also known as Loews Incorporated, is an American theater chain operating in North America. From 1924 to 1959, it was the parent company of Metro-Goldwyn-Mayer Studios (MGM). It was formerly jointly owned by Sony Pictures and Universal Studios and operated theatres in the United States, Canada, South Korea, Spain and Mexico. 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." The company merged with Canadian-based Cineplex Odeon Corporation in 1998, only to become bankrupt in 2001. The company merged with AMC Theatres on January 26, 2006, while the Canadian operations merged with Cineplex Galaxy in 2003. The Loews Theatres name was used until 2017 when AMC simplified their branding to focus on three main lines: AMC, AMC Classic, and AMC Dine-In after their purchase of Carmike Cinemas. Prior to the discontinuation, Loews Cineplex operated its theatres under the Loews Theatres, Cineplex Odeon, Star Theatres, Magic Johnson Theatres, Cinemex and MEGABOX brands. Its corporate offices were located in New York and Toronto. Loew's Theatres Incorporated was formed in 1904 in Cincinnati, Ohio, by entrepreneur Marcus Loew. Loew founded a chain of nickelodeon theaters which showed short silent films in storefront locations. Soon the company opened vaudeville houses and movie palaces. Loew's theaters were found in cities throughout the United States, but primarily in East Coast and Midwest states. To provide films for his theaters, Loew founded Metro-Goldwyn-Mayer (MGM) in 1924, by merging the earlier firms Metro Pictures, Goldwyn Pictures, and Louis B. Mayer Productions. Loew's Incorporated served as the distribution arm and parent company for the studio until the two were separated by the 1948 U.S. Supreme Court ruling United States v. Paramount Pictures, Inc. The two companies officially split in 1959. Loews Corporation, the successor company to the original firm founded by Marcus Loew, announced on April 9, 1985 that it was negotiating to sell Loews Theatres to a group headed by A. Jerrold Perenchio. Loews Corporation by this time was a holding company owned by brothers Robert and Laurence Tisch that specialized in hotels and insurance. Perenchio completed the acquisition for $160 million on July 11. On October 20, 1986, when federal regulations had been relaxed, Tri-Star Pictures, then a joint venture co-owned by The Coca-Cola Company (also owners of Columbia Pictures at the time) and Time Inc.'s HBO, entered an agreement to acquire Loews Theatre Management Corporation for $300 million; Tri-Star closed the acquisition in December. HBO left Tri-Star, which merged with Columbia Pictures in 1987, resulting in the formation of Columbia Pictures Entertainment. On May 26, 1987, Tri-Star said it planned to double the 300-screen chain's size over the next year and a half through acquisitions and constructing new theaters. On January 25, 1988, Columbia agreed to acquire USA Cinemas Inc., with 325 screens, for $165 million; the acquisition Item ordered may not be exact piece shown. All original and authentic.
Price: 75 USD
Location: Portsmouth, New Hampshire
End Time: 2024-11-18T16:42:19.000Z
Shipping Cost: 6.25 USD
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