May 4, 2005 |
Loews Cineplex Entertainment Corp., the world's third-largest movie chain, will start publicizing the actual starting times of feature presentations at its theaters because of requests by customers. Featured movies usually start 10 to 15 minutes after the published show times because advertisements and promotions for coming attractions are shown first, New York-based Loews said in a statement Tuesday. The policy of advertising the actual start times will begin nationwide during the next month.
June 22, 2004 |
A group of private equity investors has agreed to buy theater chain Loews Cineplex Entertainment for $1.46 billion, it was announced Monday. Buying the chain is a corporation formed by Bain Capital, Carlyle Group and Spectrum Equity Investors. Loews Cineplex is owned by Toronto-based Onex Corp. and Los Angeles equity firm Oaktree Capital Management. The sale includes more than 200 theaters and 2,200 screens worldwide.
May 8, 2004 |
If your first or last name is Marcus or you're 100 years old, you've got a free ticket to the movies. Anyone who fits either of these criteria can get into any Loews theater in the country free for a limited time. It began Friday as a marketing touch to celebrate the May 7 birthday of the late Marcus Loew, who opened some of the world's first movie theaters about a century ago. His birthday previews the centennial of the company he co-founded on Nov. 14, 1904, the People's Vaudeville Co.
March 13, 2004 |
The owners of Loews Cineplex Entertainment Corp. said Friday that they were considering selling the 3,100-screen movie theater chain barely two months after they scrapped merger talks with rival AMC Entertainment Inc. Loews' owners, Toronto-based Onex Corp. and Los Angeles-based private equity firm Oaktree Capital Management, said they had hired investment banks Citigroup and Credit Suisse First Boston to help explore strategic alternatives, including a possible sale.
November 20, 2003 |
Raising the curtain on further consolidation in the movie-theater industry, AMC Entertainment Inc. and Loews Cineplex Entertainment Corp. said Wednesday that they might combine their businesses, a transaction that would create the nation's largest chain. The companies did not provide any details of the talks, cautioning that they were preliminary and might not result in a deal.
November 5, 2002 |
Online movie-ticket service Fandango Inc. of Los Angeles and AOL Moviefone, a subsidiary of AOL Time Warner Inc., have settled their battle over the right to sell tickets for Loews Cineplex Entertainment Corp. theaters. The settlement, which is expected to be announced formally today, leaves Fandango holding the exclusive rights to Loews, a founding partner of Fandango. The legal battle, which stretched across several courts, erupted as Loews was reorganizing under the protection of the U.S.