Cineplex Entertainment

Cineplex Inc. (formerly Cineplex Entertainment and Cineplex Galaxy) is a Canadian operator of movie theater and family entertainment centres, headquartered in Toronto. It is the largest cinema chain in Canada; as of 2019, it operated 165 locations, and accounted for 75% of the domestic box office.

Cineplex Inc.
Formerly
  • Galaxy Entertainment
    (1999–2003)
  • Cineplex Galaxy Income Fund (2003–2011)
  • Cineplex Galaxy (2003–2005)
Company typePublic
Traded as
  • TSX: CGX
  • TSX: CGX.DB
  • S&P/TSX Composite Component
Industry
Predecessors
FoundedOctober 4, 1999 (1999-10-04) (Galaxy Entertainment)
November 26, 2003 (2003-11-26) (Cineplex-Galaxy)
FounderGerry Schwartz, Ellis Jacob and Stephen Brown
Headquarters
  • 1303 Yonge Street
  • Toronto, Ontario
  • M4T 2Y9
Number of locations
  • Theatres: 158
    * Screens: 1,637
Area served
Canada
Products
Revenue CA$656.66 million (2021)
CA$84.29 million (2021)
Net income
CA$248.72 million (2021)
Total assets CA$2.11 billion (2021)
Total equityCA$219.72 million (2021)
Number of employees
Over 13,000 (2019)
Divisions
Subsidiaries
Websitewww.cineplex.com
corp.cineplex.com (corporate)
Footnotes / references

The company was formed in 2003 via the acquisition of Loews Cineplex's Canadian operations (which included the assets of the former Cineplex Odeon chain) by Onex Corporation and Oaktree Capital Management, and its subsequent merger with Onex's Galaxy Entertainment—a chain of cinemas that was established in 1999 by former Cineplex Odeon executives, and operated primarily in smaller markets. The company subsequently acquired Famous Players from National Amusements in 2005, went public in 2011, and acquired Empire Theatres' operations in Atlantic Canada and parts of Ontario in 2013. In December 2019, Cineplex agreed to be acquired by British exhibitor Cineworld Group for $2.8 billion, pending regulatory and shareholder approval, but Cineworld abandoned the sale in June 2020 due to unspecified breaches of the sale terms.

The company operates cinemas across Canada, primarily under the brand Cineplex Cinemas. Some flagship locations operate as Scotiabank Theatre, while some locations use brands carried over from its corporate predecessors (such as Famous Players, SilverCity, Odeon, and Galaxy, although some of them have since been converted to the Cineplex banner). The company also owns family entertainment centres under the brands The Rec Room and Playdium, the rewards loyalty program Scene+, the e-commerce Cineplex Store, film distributor Cineplex Pictures and the digital advertising business Cineplex Media.

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