Cineplex Completes Acquisition of Four AMC Theatres in Canada
July 12 2012 - 7:48AM
Marketwired Canada
Cineplex Inc. ("Cineplex") (TSX:CGX) today announced it has completed the
acquisition of four theatres from Kansas City, MO based AMC Entertainment Inc.
("AMC"). The theatres will be closed today only, Thursday July 12, and will
reopen late Friday afternoon. Effective tomorrow, Friday, July 13, tickets will
be available at theatre box offices, online via www.cineplex.com, on our mobile
site m.cineplex.com and through the Cineplex Mobile App.
"We are pleased to welcome the approximately 250 theatre employees to our
company and to add these theatres to our circuit," said Ellis Jacob, President
and CEO, Cineplex Inc. "As Canada's largest and most successful theatre
exhibitor, we look forward to offering guests in these locations an enhanced
entertainment experience."
Additionally, theatre guests will immediately be able to use AMC and Cineplex
gift cards, corporate coupons and movie passes at each of these locations. We
also encourage new guests to join our SCENE loyalty program. SCENE provides
members with an immediate 10 per cent discount on concession purchases, in
addition to the ability to earn SCENE points with the purchase of tickets,
concessions and items from the Cineplex Store.
Cineplex Tuesdays will be in effect at these theatres beginning July 17th.
Guests will receive an approximate 40 per cent discount on general admission
Tuesday movie tickets. In addition, SCENE members will receive an additional 10
per cent discount on Tuesday admissions making it one more reason to become part
of Canada's most successful entertainment loyalty program.
Cineplex will invest in each of these locations and may add its proprietary
UltraAVX(TM) auditoriums, VIP Cinemas or XSCAPE Entertainment Centres to one or
more of the locations. By September 30, 2012, all remaining 35mm theatre
projectors will be converted to Christie digital DLP Cinema(R) projectors,
making the acquired theatres 100 per cent digital. Additional RealD 3D systems
may also be added to these locations and all existing IMAX theatres will remain
in operation.
Theatre locations include:
Cineplex Odeon Courtney Park Cinemas
(formerly AMC Courtney Park - 16 screens)
(Hwy 10 and Hwy 401)
101 Courtney Park Drive
Mississauga, ON
Cineplex Odeon Yonge & Dundas Cinemas
(formerly AMC Yonge & Dundas - 24 screens)
10 Dundas Street East
Toronto, ON
Cineplex Odeon Winston Churchill Cinemas
(formerly AMC Winston Churchill - 24 screens)
(Winston Park Drive and the QEW)
2081 Winston Park Drive
Oakville, ON
Cineplex Odeon Forum Montreal Cinemas
(formerly AMC Forum - 22 screens)
2313 St. Catherine Street West
Montreal, QC
About Cineplex Entertainment
Cineplex Inc. ("Cineplex") is the largest motion picture exhibitor in Canada and
with today's acquisition owns leases or has a joint-venture interest in 134
theatres with 1,445 screens serving approximately 69 million guests annually.
Headquartered in Toronto, Canada, Cineplex operates theatres from British
Columbia to Quebec and is the exclusive provider of UltraAVX(TM) and the largest
exhibitor of digital 3D and IMAX projection technologies in the country. Proudly
Canadian and with a workforce of approximately 10,000 employees, the company
operates the following top tier brands: Cineplex Odeon, Galaxy, Famous Players,
Colossus, Coliseum, SilverCity, Cinema City and Scotiabank Theatres. Cineplex
shares trade on the Toronto Stock Exchange (TSX) under the symbol "CGX". For
more information, visit www.cineplex.com.
Arizona Metals (TSX:AMC)
Historical Stock Chart
From Sep 2024 to Oct 2024
Arizona Metals (TSX:AMC)
Historical Stock Chart
From Oct 2023 to Oct 2024
