A Brief History Of The Cineplex Company

As we can see on Cineplex website, its history “…can be traced back to 1912 when Adolph Zukor founded the Famous Players Film Corporation, before merging with Canadian N.L. Nathanson’s company to form Famous Players-Lasky Corp.” , but only in 1979 gain the name as we know actually and was created by Garth Drabinsky and Nathan Taylor.

Still according to the same information font, recently Cineplex history was punctuated by acquisitions, merges and continuous growth designing the company as known nowadays.

In 1979 Garth Drabinsky and Nathan Taylor created the first Cineplex theatre in Toronto, Ontario and starts its expansion all over Canada, US and Europe, but the business model was not good and the company went bankrupt in 2001.

Meanwhile, in 1999 the talented Jacob Ellis and Steve Brown, who had worked as executives at Cineplex Odeon Corporation, created their own company that had as mid-sized

Seeing the need to expand the business, Ellis Jacobs and Steve Brown found in Cineplex Odeon a great opportunity to do it because in 2003 the company had to restructure and overcome the bankruptcy proceedings. Thus, in the same year, the companies merged and the new company was called Cineplex Galaxy Income Trust. Still in the same year, the new company went public trading its stocks on the Toronto stock Exchange, under the heading CGX.

In July 2005, Cineplex acquired Famous Players theatres in Canada. This acquisition allows the company to double its size (from 86 to 166 theatres) and in the following year (2006), the Cineplex-Galaxy was renamed Cineplex Entertainment.

Continuing the growth strategy, Cineplex acquire, in 2013, Empire Theatres’ Atlantic 24 locations. Nowadays, the company has its operations all over Canada and has 162 theatres with 1,655 screens that reaches approximately 74 million guests annually. This is representing more than a double of Canada’s population