News





Cineplex to acquire 26 theatres from Empire

June 27, 2013

Cineplex Inc. entered into an agreement to purchase select theatres from Empire Theatres Ltd. for a cash purchase price of $200 million, subject to certain adjustments to be made at closing.

The purchase includes 24 Empire theatres located in Atlantic Canada—13 in Nova Scotia, six in New Brunswick, three in Newfoundland, and two on Prince Edward Island. Also included are two Ontario locations in Whitby and Kanata. The 26 theatres will add a total of 218 screens to the Cineplex circuit.

“This is a significant event for Cineplex, as the acquisition will provide our company with a truly national, coast-to-coast presence,” said Ellis Jacob, president and CEO, Cineplex Entertainment. “This acquisition is an excellent strategic fit for Cineplex. It provides us with a presence in Atlantic Canada and it will enable us to leverage our existing businesses to maximize shareholder value.”

Cineplex will invest in the acquired theatres and may add its proprietary UltraAVX™ auditoriums, VIP Cinemas and XSCAPE Entertainment Centres to certain locations. The theatres will be rebranded as Cineplex Cinemas.


Cineplex to acquire 26 theatres from Empire

June 27, 2013

Cineplex Inc. entered into an agreement to purchase select theatres from Empire Theatres Ltd. for a cash purchase price of $200 million, subject to certain adjustments to be made at closing.

The purchase includes 24 Empire theatres located in Atlantic Canada—13 in Nova Scotia, six in New Brunswick, three in Newfoundland, and two on Prince Edward Island. Also included are two Ontario locations in Whitby and Kanata. The 26 theatres will add a total of 218 screens to the Cineplex circuit.

“This is a significant event for Cineplex, as the acquisition will provide our company with a truly national, coast-to-coast presence,” said Ellis Jacob, president and CEO, Cineplex Entertainment. “This acquisition is an excellent strategic fit for Cineplex. It provides us with a presence in Atlantic Canada and it will enable us to leverage our existing businesses to maximize shareholder value.”

Cineplex will invest in the acquired theatres and may add its proprietary UltraAVX™ auditoriums, VIP Cinemas and XSCAPE Entertainment Centres to certain locations. The theatres will be rebranded as Cineplex Cinemas.

More Cinemas

National Amusements extends Movio partnership to Showcase Cinemas U.K.

Movio, a company providing marketing data, analysis and campaign creation and management, announced the signing of Showcase Cinemas U.K. More »

Marcus Theatres announces major renovations at select locations

Marcus Theatres announced significant renovations and new amenities at additional locations. More »

Wagner's 'Der Meistersinger' to be broadcast live in cinemas

Metropolitan Opera music director James Levine will conduct Wagner’s epic human comedy Die Meistersinger von Nürnberg in its first-ever “Live in HD” performance More »

'Alice's Adventures in Wonderland' ballet coming to cinemas

Christopher Wheeldon’s ballet Alice’s Adventures in Wonderland will screen in U.S. theatres via Fathom Events More »

ADVERTISEMENT



REVIEWS

Into the Woods
Film Review: Into the Woods

Over-scaled, too dark and only intermittently charming Sondheim musical adaptation does a disservice to a great cast and is often so noisy you can't even appreciate the music. More »

The H obbit: The Battle of the Five Armies
Film Review: The Hobbit: The Battle of the Five Armies

After rewriting the rules for modern fantasy cinema, for the better and worse, Peter Jackson’s six-film Tolkien saga slams, bangs and shudders to a long-overdue conclusion. More »

Player for the Film Journal International website.


ADVERTISEMENT



INDUSTRY GUIDES

» Blue Sheets
FJI's guide to upcoming movie releases, including films in production and development. Check back weekly for the latest additions.

» Distribution Guide
» Equipment Guide
» Exhibition Guide

ORDER A PRINT SUBSCRIPTION

Film Journal International

Subscribe to the monthly print edition of Film Journal International and get the full visual impact of this valuable resource for the cinema business.

» Click Here

SPONSORSHIP OPPORTUNITIES

Learn how to promote your company at the Film Expo Group events: ShowEast, CineEurope, and CineAsia.

» Click Here