| Business Summary | | Loews
Cineplex
Entertainment
Corporation
(LCP)
is
a
motion
picture
theatre
exhibition
company
with
operations
in
North
America
and
Europe.
The
Company
operates
theatres
under
the
Loews
Theatres,
Cineplex
Odeon
Theatres,
Star
Theatres,
Magic
Johnson
Theatres,
Megabox
Theatres
and
Yelmo
Cineplex
Theatres
marquees.
As
of
February
28,
2001,
LCP
owned,
or
had
interests
in,
and
operated
2,563
screens
at
294
theatres
in
20
states,
the
District
of
Columbia,
six
Canadian
provinces,
Spain,
Hungary,
Turkey
and
Korea.
The
Company's
principal
markets
include
New
York
and
the
metropolitan
area,
Boston,
Chicago,
Baltimore,
Dallas,
Houston,
Detroit,
Los
Angeles,
Seattle
and
Washington
D.C.
in
the
U.S.,
Toronto,
Montreal
and
Vancouver
in
Canada,
and
Madrid,
Spain.
On
February
15,
2001,
Loews
Cineplex
and
all
of
its
wholly
owned
U.S.
subsidiaries
filed
voluntary
petitions
to
reorganize
under
Chapter
11
of
the
U.S.
Bankruptcy
Code
in
the
U.S.
Bankruptcy
Court
for
the
Southern
District
of
New
York. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Loews
Cineplex
Entertainment
Corp.
is
major
motion
picture
theatre
exhibition
company
with
operations
in
North
America
and
Canada.
The
Company
operates
2,563
screens
at
294
theatres
in
20
states,
the
District
of
Columbia
and
six
Canadian
provinces.
For
the
three
months
ended
5/31/01,
total
revenues
fell
12%
to
$181.5
million.
Net
loss
before
acct.
change
rose
41%
to
$44.5
million.
Results
reflect
the
closure
of
theatres
and
$9.8
million
in
reorganization
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Lawrence Ruisi, 53 Pres,
CEO | $1.1M | John Walker, 48 CFO,
Sr. VP, Treasurer | 300K | Allen Karp, 60 Chairman
and CEO of Cineplex Odeon Canada, Director | -- | Travis Reid, 47 Pres,
North American Operations | 487K | J. Edward Shugrue, 51 Pres,
International Operations | 660K | Dollar amounts are as of 28-Feb-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|