AMC 34th Street 14
312 W. 34th Street,
New York,
NY
10001
312 W. 34th Street,
New York,
NY
10001
19 people
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In between Loews Corporation & Tristar Pictures there was another owner that operated under Loews Theatre Management – Here is the New York Times Story –
July 11, 1985
Loews Unit Sold
The Loews Corporation has completed the sale of its movie theater division to a group headed by A. Jerrold Perenchio, the former co-owner of Embassy Communications.
A source close to the negotiations put the price at $160 million. Bernard Myerson, who is a partner in the acquisition, will continue to serve as the chief executive of the theater chain. Mr. Myerson will also serve as chairman and president of the parent company, the Loews Theater Management Corporation. In 1984 the Loews Theater division accounted for 1.4 percent of the Loews Corporation’s revenues. It reported income of $20.3 million, up from $15 million a year earlier.
The tisch family bought the Loews corporation and used it to buy everything from hotels to cigarettes to watches after it sold off MGM in 1959. Years later Tri-Star would buy the chain and some theatres would show their product and sold Coke since Coke had a share in it. When Sony bought the chain in 1989, it installed SDDS in many of its bigger theatres much like its competitor AMC did. Loews would later buy several chains, including Star Theatres, as well as Magic Johnson’s chain of urban cinemas, before merging with Cineplex Odeon in 1998, which bought several other chains in the 80s while under part control from MCA. The Loews Cineplex Chain filed for Chapter 11 much like General Cinema did years after due to the recession, unlike AMC which was healthy and bought the latter and then the former in the early 2000s before upgrading all theatres with digital 3d and imax. At the start of this decade they renovated several theaters with recliners, then ETX, until Wanda took over from china, which helped spur more renovations and took over several small hollywood studios like Legendary to blend with partly owned Open Road Films, known for the Oscar winning 2015 film Spotlight. The rest is history. AMC is the Mcdonald’s of theaters.
The apostrophe moved over to “its” and so now it too often auto corrects to “it’s” even when you don’t mean it to…
When Loew’s lost the apostrophe from it’s name it was never quite the same, just part of some giant conglomerate unfortunately.
It may be changing soon, but as of yesterday there is still Loews signage on the marquee.
I thought Muvico was a great showplace for movies. They had so many in Florida. Real beauties! The Palace in Boca Raton & the Paradise near Miami and the Parisian in Palm Beach were top notch! When I saw the Palace’s sign changed to Cinemark, I knew they were in trouble with all the buildings built around the same time. Then I saw Carmike name added to the other Muvicos and I knew thats curtains for Muvico! I had never heard of Carmike. I am sorry AMC rules now..
Actually, not Loew’s but LOEWS for the last 47 years
Loew’s not Lowe’s
Yes, the deal became official in December, and all former Carmike theatres are scheduled to be be renamed by the end of this month.
The reason AMC is finally removing Lowe’s from theatre names has to do with AMC buying Carmike. With the Carmike buyout finished, AMC is now the largest theatre chain in the U.S. As a result, AMC has decided to get rid of the names of theatres they acquired so every theatre now just carries the AMC name. AMC now has 3 brands, AMC Amazing (flagship theatres, amazing isn’t part of the name or the signs) AMC Classic (smaller theatres in towns and small cities, mostly former Carmike locations, although AMC has said they will use this name on other locations as well), and AMC Dine In (replacing Dine and Fork, and Carmike’s Dine In locations named Ovation Cinemas)
BobbyS, do you mean the whole history of Carmike, or just of AMC buying it?
Bobby S the AMC/Carmike merger went through. They started in Florida first and last month NC. My local theater officially became an AMC theater March 30. Carmike was the worst chain ever.
I believe the AMC takeover of Carmike was turned down by the courts. What is the history of Carmike?
Google tends to update its street view images every 3 or 4 years. The current one of this theatre is from June 2014, so it probably will be updated this year if not next year.
AMC’s website still says AMC Lowe’s. I’m sure AMC will change that soon, but they’re probably more focused on getting all the former Carmike theatres listed on AMC’s website first.
https://www.amctheatres.com/dolby dolby cinema is coming soon to this theater.
The Google street photo is still the same. How often does that update.
Photo should be changed to a new one with just the AMC logo and the banner all popcorn.
Arclight is so overated. With a name like that no marquees. Two in Chicago. One blander than the other. Walk by and hardly know its a movie theater! Wonder why they chose that name which represents old way of showing films in the golden years?
Would not be surprised to hear that Arclight might locate in Hudson Yards. I see they are opening a location in Boston.
The three chains mentioned were Cinemex, Landmark & CineMark, there is also another Landmark location planned for the far west 50’s I believe. Have not heard of any theatres for Hudson Yards planned.
theatrefan,
Not sure about the above theater chain project in the financial district, but the NY Post reported months back that either Cinemark or Cinepolis may build a basement theater in a soon to be revamped office building next to the Federal Reserve. Anybody heard if a theater planned for Hudson Yards mega project??
You forgot about Regal I believe they have stopped masking in certain locations as well. Anybody here know what ever happened to the planned Cineplex Odeon project in the Wall Street area from the mid nineties that never came to fruition? I suppose the financial difficulties they were having during that era put the brakes on it.
Cineplex Odeon brought new life to the movie scene here in Chicago. I had high hopes for them and when they became Loews Cineplex I had even more hopes for the Loews name was always great to see and the history of the name. AMC is a bland name and the fact they are owned outside USA makes me avoid their cinemas. And they stopped masking the screens! Of course Cinemark did too.
What’s funny is that for years after you could still make out the Cineplex Odeon logo on the facade of the Chelsea & First & 62nd theaters. Also up in Canada they have dropped Odeon from the name and are now known as Cineplex Entertainment. I miss the old purple Cineplex logo, it was very indicative of the eighties.
Cineplex Odeon still exists in Canada as a company. Sign change approval is notoriously slow in Manhattan. Even bringing down a flag can require a permit.
They probably will remember. All of the changing out is supposed to happen between now and June, so please let us know what they wind up doing out there. As the Cineplex Odeon name vanishes here, it’s still going strong up in Canada.
Speaking to a friend in California. He said all signage was changed immediately out there. The Shore in Huntington still has a Cineplex Odeon vertical (they never had an AMC anything). Curious to see if they remember that.