Cineplex buys four Canadian AMC Theaters in Ontario and Quebec
posted by Michael Zoldessy on July 5, 2012 at 7:59 am
There are more byproducts of AMC’s sales to Wanda Group as Cineplex Odeon has purchased 4 large theaters from them in Ontario and Quebec. It’s unclear what other sales might follow.
Read more in the Hollywood Reporter.
(Thanks to jeterga for providing the photo.)
Also AMC Kanata 24 and AMC Whitby 24 went to Empire Theatres.
I’m surprised Cineplex was able to pick up Yonge & Dundas without having to sell Scotibank. I imagine Cinplex may creatively reduce screen count either with more fun centers or subleasing space. I knew the writing was on the wall for AMC’s Canadian operations when I attended a show at Winston Churchill last fall: no pre-show video or slides, no additional concessions beyond the usual and ice cream, the theaters were still mostly 35MM (and they showed a 35MM rolling stock advertising AMC Gift Certificates from the 90s), the awful Stubs program hadn’t replaced MovieWatchers in Canada, and one of the larger theaters was closed off.
I know John. I’m surprised that Empire didn’t grab Yonge & Dundas to have a major downtown location. Remember before “zones”, Famous Players ran every theatre in the Bloor-Yonge-Bay area except the Varsity Twin? Times sure have changed. I’m sure that Cineplex will have to sell their SilverCity Mississauga now since it’s just up the street from the Winston Churchill 24.