Is Cineplex Home To Landmark Cinemas?

Landmark Cinema of Canada Inc. is a Canadian cinema chain based in Calgary, Alberta, that operates 36 theatres with 299 screens, primarily in Ontario and western Canada. Its holdings include much of the former Empire Theatres chain, acquired in late 2013, and some Famous Players locations divested as part of that chain’s purchase by Kinepolis Group NV, Belgium. Acquired in December 2017 for $123 million, Landmark is Canada’s second-largest motion picture theatre exhibition company. The company has been operating for 52 years and continues to expand its operations across the country with its recent opening in Regina and two more theatre sites.

Landmark Cinemas’ first major expansion took place in 1984 when it purchased most of the Alberta and British Columbia assets of Canadian Odeon Theatres as part of that chain’s. As part of this transaction, Landmark added 22 theatres and 227 screens to its portfolio, bringing its total theatres and screens to 53 and 352 respectively. The addition of Landmark’s Western Canada screens brings Cineplex Media’s total representation to 2,361 screens, Canada’s only national coast-to-coast cinema.

Landmark Cinemas offers a variety of movie options, including matinées and snack bars, which are 10 to 15 cheaper with bigger screens. The company’s acquisition by Kinepolis Group in 2017 further solidified its position as Canada’s second-largest cinema chain after Cineplex.

What brands does Landmark Group own?

The Landmark Group is a multinational retail corporation with various retail brands, including Centrepoint, Babyshop, Splash, Shoe Mart, Lifestyle, Iconic, Max Fashion, Shoexpress, Home Centre, Home Box, and Emax. It also holds franchise rights for global fashion and footwear brands in its countries. The group also operates in leisure, food, hospitality, and healthcare with Landmark Leisure, Balance Spa and Salon, Citymax Hotels, Fitness First, and Foodmark, its restaurant division.

Viva, a discount supermarket chain in the United Arab Emirates, launched in February 2018 with the goal of saving an average family a month’s salary on its annual shopping bills. Within 18 months, Viva opened 16 outlets and by October 2021, had expanded to 53 stores. As of April 2023, Viva operates in all the Emirates of the United Arab Emirates, with 77 supermarkets in total. The group’s worldwide presence is significant, with the UAE grocery segment becoming more competitive. The company has also added 30 new stores during the pandemic.

What company owns landmark?

Landmark, a for-profit company with over 600 employees, is owned by an Employee Stock Ownership Plan (ESOP) and similar international plans. The executive team reports to an annual Board of Directors. Landmark is recognized for its top business leaders and attracts over 193, 000 participants annually.

How many locations does Cineplex have?

Cineplex Theatres in Canada offer over 160 theaters for entertainment, while the Cineplex Store offers over 10, 000 digital titles for rent or own. The Rec Room is a social playground for the young, offering premium food, drink, games, and live shows, making it an innovative circuit for entertainment.

Are Cineplex and scene the same?

Scene+ is a Canadian loyalty program established in 2007 by Scene LP, a joint venture between Scotia Loyalty Ltd., Galaxy Entertainment Inc., and Empire Company Limited. Members earn points through purchases at Cineplex-owned cinemas and entertainment centers, as well as eligible Scotiabank debit and credit cards. Points can be redeemed for discounts at Cineplex establishments, participating retailers, and restaurants.

In 2021, the service merged with Scotiabank’s Scotia Rewards service and expanded to include partnerships with Expedia, Rakuten, and the ability to redeem points to credit on Scotiabank credit and debit accounts.

What did Landmark Cinemas used to be called?

Landmark Cinemas, originally encompassing Towne Cinemas, Rokemay Cinemas, and May Theatres, expanded in 1974 after purchasing Rothstein Theatres, adding 15 locations. In 1984, it acquired most of the Alberta and British Columbia assets of Canadian Odeon Theatres as part of the merger into Cineplex Odeon Corporation. In 2013, Landmark Cinemas acquired 23 theatres in Ontario and Western Canada from Empire Theatres, adding Kanata and Whitby locations to be sold to Cineplex Entertainment.

This transaction made Landmark the second-largest cinema chain in Canada with 54 locations and 359 screens. The sale included five IMAX screens, one in Calgary, Alberta, and four in Ontario. Landmark continues to carry Empire promotional offers, but only some locations offer these discounts.

Is Cineplex in debt?

Cineplex has a total shareholder equity of CA$-14. 1M and a debt-to-equity ratio of -5190. 3. Its total assets and liabilities are CA$2. 2B and CA$2. 3B respectively. Its EBIT is CA$96. 6M, with an interest coverage ratio of 0. 6. However, Cineplex has negative shareholder equity, indicating a serious situation with short-term and long-term liabilities. This indicates a need for better management and oversight.

What is the difference between Cineplex and cinema?

A cineplex is a multiplex movie theatre with multiple screens, derived from the words cinema and complex. It includes Canadian companies like Cineplex Entertainment, German Cineplex Deutschland, former Canadian Odeon Corporation, and North American Loews Cineplex Entertainment. These movie theater chains offer various services and locations, including in Canada, the United States, and North America.

Who is buying Cineplex?

Cineworld purchased Cineplex before the movie industry was affected by COVID-19, offering a 42 per cent premium for the company’s stock price of $34 per share late last year.

Is Landmark cinema owned by Cineplex?

Landmark, acquired by Kinepolis Group NV in December 2017, is Canada’s second-largest motion picture theatre exhibition company. With 36 theatres across Western Canada and Ontario, Landmark offers a variety of formats including Premium Large Format (PLF) brands, RealD 3D technology, Premiere Seating, Full-Recliner Seating, and Reserved Seating. The company is committed to supporting the mental health and well-being of its youth guests and cast and crew through promotional support and fundraising initiatives.

Landmark has been providing a perfect setting for movie lovers to connect and share their love of movies since 1965. The company also supports Kids Help Phone, a national sponsor of Walk So Kids Can Talk.

Who is landmark Theatres owned by?

Landmark Theatres, a movie theatre chain founded in 1974, consists of 34 theaters with 176 screens in 24 markets. Previously dedicated to exhibiting and marketing independent and foreign films, the chain now consists of both historic and modern theatres. Founded as Parallax Theatres, Landmark Theatre Corporation expanded in 1976 with the acquisition of the River Oaks Theatre in Houston and the single-screen Oriental Theatre in Milwaukee. The Harvard Exit Theatre in Seattle was acquired in 1979.

The film programming at Landmark Theatres consists of repertory/revival double-features, smaller independent and foreign films, and a mix of repertory and revival double-features. The company’s President, Kevin Holloway, is part of Cohen Media Group.

Who owns Cineplex Cinemas?

Cineplex, the second-largest film exhibitor globally, announced a definitive agreement to be acquired by British cinema operator Cineworld Group, pending shareholder and regulatory approval. Cineworld would pay $34 per-share, valuing the company at CDN$2. 8 billion. The company plans to pay US$1. 65 billion and fund the remainder by taking on debt. Combined with its ownership of the 564-location Regal Cinemas chain in the United States, the sale would have made Cineworld the largest cinema chain in North America.

Cineworld plans to integrate Cineplex’s operations with Regal’s while maintaining Cineplex’s banners for its Canadian operations. The sale was approved by Cineplex shareholders in February 2020. However, activist shareholder Bluebell Capital Partners called for the Canadian government to block the sale due to the COVID-19 pandemic. In May, Cineplex stated that it planned to complete the sale by June 2020, provided it received federal approval under the Investment Canada Act and met the terms of the sale agreement, including its debt not exceeding $725 million.