Loews Cineplex Entertainment

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Loews Theaters, founded in 1904 by Marcus Loew, was the oldest theater chain operating in North America until it merged with AMC Theatres on January 26, 2006.

Times Square and Loews Theatre

It was noted for being the distribution arm and parent company for Hollywood giant Metro-Goldwyn-Mayer (MGM) until, forced by a 1948 U.S. Supreme Court ruling, the two split in 1954. In 1998, Cineplex Odeon Corporation merged with Loews Theaters to form Loews Cineplex Entertainment. The combined company was one of the largest movie exhibitors in the world, with theaters in the United States, Canada, Mexico, Korea, and Spain. In 2002, Onex Corporation and Oaktree Capital Management acquired Loews Cineplex. In 2004, they sold it, minus its Canadian assets, to a private group of investors which included the Carlyle Group. In 2005, AMC Theaters announced that it would merge with Loews Cineplex Entertainment and that the merged company would adopt the AMC name. The Loews name would remain a brand under the new company. ^[1] At the time of the merger, Loews operated 198 theaters with 2,235 screens. It is not affiliated with the Loews Corporation.

[edit] Further reading

Robert Sobel The Entrepreneurs: Explorations Within the American Business Tradition (Weybright & Talley 1974), luca 7, Marcus Loew: An Artist in Spite of Himself ISBN 0-679-40064-8.