Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Companies  >  All News

News : Companies

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

Cineplex Inc. : Cineplex Entertainment to acquire two Vancouver theatres

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/15/2013 | 09:57pm CET
FOR IMMEDIATE RELEASE Cineplex Entertainment to acquire two Vancouver theatres

Toronto, ON, (TSX: CGX), February 15, 2013 ? Cineplex Inc. ("Cineplex") today announced it has agreed to purchase Fifth Avenue Cinemas and the Park Theatre from Vancouver?based Festival Cinemas. The transaction is expected to close March 1, 2013.
"After 35 years, Tom Lightburn and I have decided to retire from theatre exhibition. We are proud that Canada's best theatre operator has agreed to purchase these theatres and we know Cineplex will provide our loyal guests Vancouver's best movie?going experience," said Leonard Schein, President, Festival Cinemas. "Our sincerest thanks go to the many employees, guests and film critics we have encountered throughout our careers in the entertainment business."
"We are pleased to add these two iconic Vancouver locations to our theatre circuit," said Ellis Jacob, President and CEO, Cineplex Entertainment. "We look forward to offering Vancouver movie?goers the many benefits Cineplex has to offer, including access to the SCENE loyalty program and our popular Front Row Centre Events, to name just a few examples."
"The 5th Avenue and the Park theatres are well known in Vancouver for programming the highest quality art, independent and foreign films. Cineplex is absolutely committed to continue to offer intelligent and artistic films from around the world in these theatres going forward," said Michael Kennedy, Executive Vice President, Filmed Entertainment.
Cineplex will operate the locations as Fifth Avenue Cinemas and Park Cinema for the foreseeable future.

About Cineplex:

Cineplex Inc. ("Cineplex") is one of Canada's leading entertainment companies and operates one of the most modern and fully digitized motion picture theatre circuits in the world. A top?tier Canadian brand, Cineplex operates numerous businesses including theatrical exhibition, food services, gaming,
alternative programming (Front Row Centre Events), Cineplex Media, Cineplex Digital Solutions and the online sale of home entertainment content through CineplexStore.com and on apps embedded in various electronic devices. Cineplex is also a joint venture partner in SCENE - Canada's largest entertainment loyalty program.
Cineplex is headquartered in Toronto, Canada, and operates 134 theatres with 1,449 screens from British Columbia to Quebec, serving approximately 71 million guests annually through the following theatre brands: Cineplex Odeon, SilverCity, Galaxy Cinemas, Colossus, Coliseum, Scotiabank Theatres, Cineplex VIP Cinemas, Famous Players and Cinema City. Cineplex also owns and operates the UltraAVX, Poptopia, and Outtakes brands. Cineplex trades on the Toronto Stock Exchange under the symbol CGX. More information is available at cineplex.com.
?1?

For information, interviews or photos please contact:

Pat Marshall, Vice President, Communications and Investor Relations, Cineplex Entertainment,
416?323?6648, [email protected]
Mike Langdon, Director, Communications, Cineplex Entertainment,
416?323?6728, [email protected]
?2?

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Companies"
02:12p EDINBURGH WORLDWIDE INVESTMENT TRUST : Inv Trust PLC - Net Asset Value(s)
02:12p CORNERSTONE CAPITAL RESOURCES : 17-42 - Cascabel Exploration Update - Cascabel drilling fleet grows; Alpala Central still open in multiple directions; Alpala Northwest expansion continues; Alpala East showing promise
02:12p SCOTTISH MORTGAGE INVESTMENT TRUST : Inv Tst PLC - Net Asset Value(s)
02:12p Global Canned Seafood (Tuna, Salmon, Sardines, Other fish, Prawns, Shrimps) Market Analysis 2014 - 2025 - Research and Markets
02:12p TODAY’S RESEARCH REPORTS ON STOCKS TO WATCH : Valeant Pharmaceuticals and Nutanix, Inc.
02:12p ROKU INC : Today’s Research Reports on Stocks to Watch: Roku and TiVo
02:11p TRANSITION METALS : Canadian Gold Miner and Osisko Mining team up to accelerate gold exploration projects in Ontario
02:11p RATING ACTION : Moody's assigns provisional ratings to SMBC 37th RMBS
02:11p ANNOUNCEMENT : Moody's: GIC's credit profile supported by solid capital adequacy and liquidity positions
02:11p RATING ACTION : Moody's assigns Baa1 ratings to Tritax Big Box REIT plc; stable outlook
Latest news "Companies"
Advertisement