The Carlyle group buys Loews Movie Chain

[LynneSin]

http://washington.bizjournals.com/washington/stories/2004/06/21/daily4.html

District-based investment firm The Carlyle Group is one of three investors that have agreed to buy Loews Cineplex Entertainment from Onex Corp. and Oaktree Capital Management for $1.46 billion.


The buyout is being led by Bain Capital, an investment firm started in 1984 by Mass. Gov. Mitt Romney. Spectrum Equity Investors is also part of the buyout team.

Loews is the third largest movie theater chain, with about 200 Cineplex operations worldwide. It operates 17 theaters in the Washington area. The company, founded by Marcus Loew in 1904, started life as a nickelodeon in New York. At its peak, it had 365 locations.

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WOW, I guess that'll stop movies like Fahrenheit 9/11 from getting into theaters

[Ruffhowse]

1. If you can't shut them up, buy them out.

[natrat]

2. yea pull some real big scams

then buy the media and presto you own a country

[imax2268]

3. question...

are all the theaters in this group owned by seperate owners who pay franchise fee's...or are they owned soley by the corporation...?

[Vitruvius]

4. Either way, you do what Corporate Hqs says...

n/t

[imax2268]

5. hmmmm...i see....

sucks for them...

[mopaul]

6. i suppose duct tape over our eyes and ears will be next

and no more digital cameras for soldiers. they can buy up every theatre in the nation, but it won't stop the truth from leaking out to the people.

[imax2268]

7. what are they going to do

to stop DVD sales...should be good...buy up all the department stores...Amazon.com...etc etc...?

[Mnemosyne]

10. potential for "disaster" wherever it is being produced.

[Sweetpea]

8. They will have to play f9/11 cuz they need the money.

[Killarney]

9. when you can't intimidate them, buy them

[GOPisEvil]

11. Wow...they missed it by thatmuch!

Although...when they see the immense profits that Fahrenheit 9/11 generates, will they change their tune? After all, they worship money above all.