Cineplex Inc - CPXGF stock
OTC Symbol: CPXGF | OTC Tier: Pink Current | Related ticker symbols: TSX: CGX
About[edit]
Cineplex Inc. is an entertainment and media company based in Canada, with operations both domestically and internationally, operating through four segments: Film Entertainment and Content, Media, Amusement and Leisure, and Location-Based Entertainment. The company is involved in theatre exhibition and food service activities and offers various services, including alternative programming, an online entertainment platform (cineplex.com) for streaming videos, movie information, showtimes, ticket purchases, entertainment news, and box office reports, along with advertising and digital commerce solutions. Additionally, Cineplex distributes and operates amusement, gaming, and vending equipment, as well as manages social entertainment destinations known as The Rec Room and Playdium. The company's inception dates back to 1912, and its headquarters are located in Toronto, Canada.[1]
History[edit]
The origin of Cineplex Inc. dates back to 1912 when it was founded as The Bronfman family's Famous Players Film Corporation in Canada. The company initially focused on film exhibition and distribution, operating movie theaters across the country. Over the years, it grew and expanded its presence in the entertainment industry. In 1979, Garth Drabinsky and Nat Taylor acquired a chain of theaters known as Cineplex Odeon Corporation. They merged their company with Famous Players Film Corporation in 1984, creating Cineplex Odeon Corporation. The new entity became one of the largest movie theater chains in Canada. The company continued to expand and diversify its operations. In 1997, Cineplex Odeon Corporation merged with Loews Theatres, a major theater chain in the United States, forming Loews Cineplex Entertainment Corporation. However, due to financial difficulties, Loews Cineplex filed for bankruptcy in 2001.[2]
As a result of the bankruptcy, Cineplex Galaxy LP was formed in 2003 as the successor company to Loews Cineplex Entertainment. In 2005, the company was renamed Cineplex Entertainment LP. In 2011, Cineplex Entertainment underwent another name change to become Cineplex Inc., as it expanded its services beyond traditional movie exhibition to include various entertainment and media ventures, such as digital commerce solutions, alternative programming, online ticketing, and amusement and gaming operations.
Today, Cineplex Inc. operates as a leading entertainment and media company in Canada, offering a wide range of services, including movie exhibition, food services, online streaming, gaming, and other location-based entertainment experiences under brands like The Rec Room and Playdium. It continues to be a prominent player in the Canadian entertainment industry with its headquarters in Toronto, Canada.[3]
- ↑ Yahoo Finance. CPXGF Stock Profile. Retrieved on 8/31/2023.
- ↑ Wikipedia. Cineplex Entertainment. Accessed on 8/31/2023.
- ↑ cineplex.com. Our History. Retrieved on 10/19/2023.
