Loews Cineplex Entertainment

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.

AMC Entertainment Inc. and Loews Cineplex Entertainment Corp. said Thursday that they had completed their deal creating the nation's second-largest theater chain, behind Regal Entertainment Group. Loews will be absorbed by AMC, which will manage about 415 theaters in 29 states. Neither of the private companies released details of the terms. AMC Chief Executive Peter C.

Universal Studios Inc. said it sold its stake in movie theater operator Loews Cineplex Entertainment Corp. California-based Universal, owned by French-American media giant Vivendi Universal, sold more than 15 million common shares to investment bank Goldman Sachs Group Inc., according to a filing with the Securities and Exchange Commission. Universal sold the shares to recognize a tax loss on its investment in Loews. Loews shares rose 2 cents to 14 cents in trading on the OTC Bulletin Board.

Theater chains AMC Entertainment Inc. and Loews Cineplex Entertainment Corp. are planning to combine to create the nation's second-largest theater chain as the ailing movie exhibition business continues to consolidate. The proposed merger, announced Tuesday, comes amid a box-office slump and an abundance of screens hampering the industry. In addition, analysts contend, film fans are increasingly showing a preference for watching movies at home on DVD.

A Manhattan bankruptcy judge rejected a bid by unhappy creditors of Loews Cineplex Entertainment Corp. to end the movie theater operator's exclusive right to file a bankruptcy reorganization plan. Judge Allan Gropper of the Southern District of New York granted New York-based Loews Cineplex, Canadian conglomerate Onex Corp. and Los Angeles-based investment firm Oaktree Capital Management a 120-day extension, to Oct. 13, 2001, to file its plan.

Loews Cineplex Entertainment Corp., the No. 2 U.S. movie theater operator, said it expects to default under a bank loan by the end of the month, and warned it will lose money in the quarter ending Aug. 31. The New York-based company, whose theaters are primarily in major U.S., Canadian and European cities, also said it expects revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter ending Aug. 31 to be "considerably lower" than they were a year ago.

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.

Loews Cineplex Entertainment Corp. asked a bankruptcy judge to approve $4.4 million in bonuses for 78 top employees to keep them from walking out on the second-biggest U.S. movie theater chain. Loews filed in February for Chapter 11 protection from creditors and agreed to be acquired by Canada's Onex Corp. and Los Angeles-based Oaktree Capital Management for about $850 million.

A U.S. Bankruptcy Court judge in New York upheld an exclusive online-ticketing contract between Fandango Inc. of Los Angeles and the Loews-Cineplex Entertainment chain of movie theaters. The ruling is an important victory for Fandango in its battle against archrival AOL Moviefone, a subsidiary of AOL Time Warner Inc.

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.

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.

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.

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.

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.

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.

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.

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.

Loews Cineplex Entertainment Corp.'s trading status on the New York Stock Exchange is under review after recent news reports of the company's restructuring efforts. On Dec. 15, the exchange notified Loews that it had failed to maintain the required minimum bid price of $1, a standard that requires demonstration of compliance within six months of notification.

A U.S. Bankruptcy Court judge in New York upheld an exclusive online-ticketing contract between Fandango Inc. of Los Angeles and the Loews-Cineplex Entertainment chain of movie theaters. The ruling is an important victory for Fandango in its battle against archrival AOL Moviefone, a subsidiary of AOL Time Warner Inc.

Loews Cineplex Entertainment Corp. has filed a Chapter 11 recovery plan that would give Onex Corp. and Oaktree Capital Management control of the second-largest movie theater chain and allow the company to emerge from bankruptcy. Loews filed in February for Chapter 11 protection from creditors and agreed to be acquired by Toronto-based Onex and Los Angeles-based Oaktree for about $850million. The New York company filed its plan Sunday in U.S. Bankruptcy Court in Manhattan.