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In November 1985, Plitt Theaters was sold for $135 million to a group that included a Canadian firm Cineplex Odeon Cinemas (50%), Odyssey Partners and Furman Selz Mager Dietz & Birney Inc. A group of theaters that Plitt had previously put for sale was spun off the selling owners with Cineplex managing them until sold. [1] [13]
Cineplex Odeon Corporation was one of North America's largest movie theatre operators and live theatre, with theatres in its home country of Canada and the United States.The Cineplex Odeon brand is still being used by Cineplex Entertainment at some theatres that were once owned by the Cineplex Odeon Corporation, with newer theatres using the Cineplex Cinemas (French: Cinémas Cineplex) brand.
Alliance Cinemas – after selling its BC locations, it now operates only one theater in Toronto; Cinémas Guzzo – 10 locations and 142 screens in the Montreal area; Cineplex Cinemas – Canada's largest and North America's fifth-largest movie theater company, with 162 locations and 1,635 screens
Cineplex Inc. (formerly Cineplex Entertainment and Cineplex Galaxy) is a Canadian operator of movie theater and family entertainment centers, 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.
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In September 1997, Cineplex Odeon Corporation announced that it would merge with Loews Theatres for $1 billion; the merger was later approved by the United States Department of Justice on April 16, 1998 and was later completed that year to form Loews Cineplex Entertainment, thus making it a joint venture between Sony and Universal Studios.
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