In 1987, Cineplex acquired the Walter Reade Organization from The Coca-Cola Company.[7]. Following World War II, there was a wave of anglophilia in Ontario; Odeon emphasised its British ownership to capitalize on this sentiment, screening British films—particularly those made by Rank. The logo of the Cineplex Odeon (1984–1998). The Offering will be priced in the context of the market with terms to be determined at the time of entering into an underwriting agreement. Additional information, including Cineplex's AIF and MD&A, can be found on SEDAR at www.sedar.com. Those risks and uncertainties, both general and specific, give rise to the possibility that predictions, forecasts, projections and other forward-looking statements will not be achieved. On or after September 30, 2023 and prior to September 30, 2024, the Company may, at its option, redeem the Debentures in whole or in part from time to time provided that the volume weighted average trading price of the shares of the Company on the Toronto Stock Exchange during the 20 consecutive trading days ending on the fifth trading day preceding the date on which the notice of redemption is given is not less than 125% of the conversion price. The Debentures will not be redeemable by the Company prior to September 30, 2023. The development of excellent, low-cost cameras and post-production software has resulted in an exponential increase in quality films. The company also operated Live Entertainment of Canada, which was established in 1989 after they acquired Pantages Theatre from Famous Players. Welcome Back - We Missed You! The logo of the Cineplex Odeon (1998–2009). The Offering is being made through a syndicate of underwriters led by Scotiabank and including BMO Capital Markets, RBC Capital Markets, CIBC Capital Markets, National Bank Financial Inc. and TD Securities Inc. "Demand increases for death movie after protests", "The Cultural Industries in Canada: Problems, Policies and Prospects", "Cineplex forms film-distribution subsidiary", "Movie Houses Turn Movie Makers: Capturing big-name film makers and releasing their heartfelt projects has brought prestige to Cineplex Odeon, an aggressive company that entered the movie-making business just a year ago. The "Odeon Theatres of Canada" name was first used in January 1941. He had experience with development, financing, production, distribution and exhibition posts with a wide variety of organization.[8]. As a leading entertainment and media company, Cineplex welcomes millions of guests annually through its circuit of theatres and location-based entertainment ("LBE") venues across the country. It is currently anticipated that the size of the Offering will be $275 million aggregate principal amount of Debentures. [6] By 1990, it was Canada's largest independent film distribution company. Cineplex. [7], In December 1993, it was announced by Michael Herman (Cineplex Odeon Films Canada Senior Vice President of Corporate Affairs) that as part of a corporate restructuring, Bryan Gliserman had been appointed to the role of Senior Vice President of Corporate Affairs effective January 17, 1994. A Cision company. Cineplex Odeon also had an international division, Cineplex Odeon Films International, meant for distributing their films outside of North America. The Over-Allotment Option will be exercisable for a period of 30 days from the closing date of the Offering. At this point, Cineplex Odeon accounted for roughly 8% of box office revenues in North America, competing mostly with Famous Players in the Canadian market. The Debentures will be direct, unsecured subordinated obligations of the Company, subordinated to any senior indebtedness of the Company and ranking equally with one another and with all other existing and future unsecured subordinated indebtedness of the Company. In addition to being Canada's largest and most innovative film exhibitor, Cineplex also operates successful businesses in digital commerce (CineplexStore.com), food service, alternative programming (Cineplex Events), cinema media (Cineplex Media), digital place-based media (Cineplex Digital Media "CDM") and amusement solutions (Player One Amusement Group "P1AG").
Canada's most popular destination for movies, showtimes, tickets, and trailers.
Additionally, Cineplex operates an LBE business through Canada's newest destinations for 'Eats & Entertainment' (The Rec Room), and entertainment complexes specifically designed for teens and families (Playdium). [3], After successfully challenging the Famous Players/Canadian Odeon duopoly and their exclusive contracts with major studios, in 1984, Cineplex bought Canadian Odeon Theatres, to become Cineplex Odeon.
There will not be any sale or any acceptance of an offer to buy the Debentures until a receipt for the final short-form prospectus has been issued. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Cineplex is a joint venture partner in SCENE, Canada's largest entertainment loyalty program. Prior to his promotion, Gliserman had spent 17 years in the Canadian film industry. Cineplex Odeon had exclusive first-run rights to films made by Columbia and Universal Studios, which allowed them to seize a hefty market share. About Cineplex Cineplex (TSX:CGX) is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. [3] On August 27, 1986, Pan-Canadian renamed itself as Cineplex Odeon Films,[4] and began operations at Los Angeles, California in November 1986;[5] Garth Drabinsky became its chief officer. Cineplex cautions readers not to place undue reliance on these statements, as a number of important factors, many of which are beyond Cineplex's control, could cause actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. The Debentures will mature and be repayable on September 30, 2025 (the "Maturity Date") and will bear interest at the rate determined at the time of pricing, payable semi-annually in arrears on September 30 and March 31 in each year (the "Interest Payment Date"), commencing on September 30, 2020. Learn More Copies of the preliminary short-form prospectus may be obtained from Scotia Capital Inc.: 40 King Street W, Toronto, Ontario, M5H 3Y2; (e-mail: [email protected]). Copyright © 2020 CNW Group Ltd. All Rights Reserved. The elder Nathanson was rumoured to be involved in the chain, but it was not until early May 1941 that he resigned (for the second time) from Famous Players Canadian, and acknowledged his position in creating and operating Odeon. [2], Odeon Theatres of Canada merged with the Canadian Theatres chain in 1978, becoming known as Canadian Odeon Theatres. [9] The sale took place as Cineplex Odeon Corporation was sold to Sony's Loews Theaters to form Loews Cineplex Entertainment. The Cineplex Odeon brand is still being used by Cineplex Entertainment at some theatres that were once owned by the Cineplex Odeon Corporation, with newer theatres using the Cineplex Cinemas (French: Cinémas Cineplex) brand. Notable films from Cineplex Odeon's early days include The Glass Menagerie, The Last Temptation of Christ, Prancer, The Grifters, Mr. and Mrs. Bridge, Madame Sousatzka, Jacknife, the Prince concert film Sign o' the Times, The Decline of the American Empire, Oliver Stone's Talk Radio, and The Care Bears Adventure in Wonderland. The Cineplex Odeon at Eglinton Town Centre in Toronto. Cineplex does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable Canadian securities law. The chain, initially composed of independent theatres, was not originally affiliated with the British "Odeon Cinemas" circuit; it was sold to the British chain's owners, the Rank Organisation, in 1946. At the time, the theatre's 1,600 seats earned it a place in the Guinness Book of World Records.
Livent became an independent company after an internal conflict between Drabinsky and MCA. To learn more visit Cineplex.com or download the Cineplex App. A home video division was also started in 1986, previously known as Pan-Canadian Video Presentations in the early 80s. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. All forward-looking statements in this news release are made as of the date hereof and are qualified by these cautionary statements. The company began in 1979 as Pan-Canadian Film Distributors, a partnership between film producer Garth Drabinsky and inventor Nat Taylor,[1] based in Toronto, Ontario. The company was originally named Pan-Canadian Film Distributors. [3] In 1985, Cineplex bought the Plitt Theatres chain (previously United Paramount Theatres and ABC Theatres).
A preliminary short-form prospectus containing important information relating to the Debentures has been filed with securities regulatory authorities in each of the provinces and territories of Canada. About CineplexCineplex (TSX: CGX) is a top-tier Canadian brand that operates in the film entertainment and content, amusement and leisure, and media sectors. For further information: Investor Relations contact: Melissa Pressacco, Senior Manager, Communications and Investor Relations, [email protected]; Media Relations contact: Sarah Van Lange, Executive Director, Communications, [email protected]. Completion of the Offering will be subject to various conditions, including the approval of the Toronto Stock Exchange. The remaining 25% was donated to a foundation representing Canada's film schools. In 2001, Loews Cineplex Entertainment, the company that merged with Cineplex Odeon, filed for chapter 11 bankruptcy. In 1999, Ellis Jacob and Steve Brown, former executives who left Cineplex Odeon Corporation during the ownership change, created Galaxy Entertainment designed to bring big-city entertainment to mid-sized markets across Canada. For the current company operating as Cineplex, see, List of Cineplex Entertainment movie theatres, "AMC Entertainment Inc. and Loews Cineplex Entertainment Corporation Complete Merger", "Nathan L. Nathanson Introduces Canadian Odeon: Producing national competition in film exhibition", "The Cultural Industries in Canada: Problems, Policies and Prospects", "Theater Sales To Pave Way For Loews, Cineplex Odeon Merger", https://en.wikipedia.org/w/index.php?title=Cineplex_Odeon_Corporation&oldid=976676239, Movie theatre chains in the United States, Entertainment companies established in 1979, Articles with unsourced statements from January 2020, Creative Commons Attribution-ShareAlike License, This page was last edited on 4 September 2020, at 09:50.
Holders who convert their Debentures will receive accrued and unpaid interest for the period from the date of the latest Interest Payment Date to the date of conversion. After the merger, the company ceased to exist and was merged into the operations of Loews Cineplex Entertainment.
[citation needed], The Cineplex Odeon Films library is currently owned by Echo Bridge Entertainment (who acquired Alliance Atlantis' international distribution unit in 2008) and AMC Theatres.
The foregoing list of factors that may affect future results is not exhaustive. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. A copy of the preliminary short-form prospectus can also be obtained under Cineplex's corporate profile on SEDAR at www.sedar.com. [citation needed], Cineplex Corporation began operating in 1979.
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