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

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

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 CEST
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
Date Title
09:00p MORGAN STANLEY : Wells Fargo Readily Admits That It’s Not Above Paying For It
09:00p WESTJET AIRLINES : announces new president for Encore
08:59p Oil prices rebound, sterling hit as May's lead shrinks
08:59p Oil prices rebound, sterling hit as May's lead shrinks
08:59p ISIGN SOLUTIONS INC. : Unregistered Sale of Equity Securities (form 8-K)
08:58p Dollar firms after GDP data, sterling shaken by polls
08:58p Dollar firms after GDP data, sterling shaken by polls
08:58p AMEREN : Senate sends Bootheel jobs bill to Greitens, ends special session
08:58p First Majestic Announces Voting Results from Annual General Meeting
08:57p PM STATEMENT AT THE G7 SUMMIT IN SICILY : 26 May 2017
Latest news
Advertisement
Hot News 
-4.92%SUN PHARMACEUTICAL INDUSTRIES : Pharma 4Q Profit Falls 13.6%
-4.04%BA and Iberia plan third-party booking surcharge, Amadeus shares hit
8.47%SPIRAX SARCO ENGINEERING : Sarco to buy thermal tech firm Chromalox for $415 million
3.25%Fosun, others eye Australia's Origin Energy gas assets worth $1.5 billion - sources
-2.76%BEST BUY : Defies Slump in Retail -- WSJ
Most Read News
11:12a TSX slightly lower, gold miners up with bullion
12:07p Legal & General, Aviva plan Ireland moves post-Brexit
06:58a EXCLUSIVE : Fidelity may back climate resolutions, a milestone for activists
12:16aDJNEWS HIGHLIGHTS : Top Energy News of the Day
12:15a VOLKSWAGEN : California says VW clean car spending plan has shortcomings
Most recommended articles
05/22 NOBLE : shares tumble after S&P ratings downgrade
02:58p Dollar firms after GDP data, sterling shaken by polls
02:45pDJU.S. Stocks on Track to Snap Two-Week Losing Streak
02:34p In Aramco IPO pitch, Canada plays up its natural resources expertise
02:28p CHIPOTLE MEXICAN GRILL : probe finds hackers stole payment card info in data breach