Loews Cineplex Entertainment

Loew's, Incorporated ( Loew 's, Inc., and Loews Theatres ) was the name of a major U.S. cinema chain, which was founded in 1904 by Marcus Loew. Under his own name, the company existed until the merger with the company AMC Entertainment in 2006.

History

Marcus Loew (1870-1927) began his business career in the penny arcade business and founded in 1904 by the People's Vaudeville Company, a theater chain in their branches short films as well as live variety shows were shown. As early as 1910 the company had expanded considerably and now bore the name of Loew's Consolidated Enterprises. At Loews partners included Adolph Zukor meantime, Joseph Schenck and Nicholas Schenck. Zukor left the company soon to start his own production company - the Famous Players (1912 ) - to establish, Joseph Schenck went away in 1917; Nicholas Schenck remained Loews important man. 1919 Loew reorganized his company, which is now the name of Loew's, Incorporated received.

As head of Famous Players Zukor Loews movie supplier had become; as Zukor during the boom that saw the film industry after the end of the First World War, his feature length films no longer rented at a fixed price, but against revenue sharing, Loew aspired to independence and acquired in 1920 a private production company, the Metro Pictures Corporation.

1924 Metro Pictures were merged with the Goldwyn Picture Corporation, which jointly Metro -Goldwyn -Mayer formed now. Loews company was the parent company of the new company. The Loews movie theaters served by this point on the distribution of MGM productions. Loew remained until his death in 1927, the company's president. He was succeeded to 1955 Nicholas Schenck.

In 1948 the U.S. Supreme Court ordered a separation of the two industries and forced Schenck, the profitable cinemas to sell. Loew 's, Inc. continued to exist as the parent company of MGM.

Loews Theatres also passed on. In 1998, she teamed up with the Cineplex Odeon Corporation and formed together the company Loews Cineplex Entertainment Corporation, which was one of the largest cinema chains in the world. She owned venues in the U.S., Canada, Mexico, Korea and Spain.

2002 Loews Cineplex was acquired by the company Onex Corporation and Oaktree Capital Management. Two years later the company was - now without their Canadian offices - sold again and became the property of a group of private investors, including the Carlyle Group.

January 26, 2006 Loews Cineplex was combined with the existing since 1920 cinema chain AMC Entertainment Inc.. The new overall company had at this time about 178 theaters and 2,059 projection rooms. Within the AMC Theatres Loews name still serves as its own trademark.