Loews: Landmarks
Landmarks
This chronology is indicative only.
Sponsored links
It covers -
- beginnings (1904)
- end of the Studio System (1940)
- Tisch era (1959)
- CBS and Sony (1986)
Context is provided by the broader communications and media timeline on this site and by related profiles regarding MGM, CBS, Westinghouse and Viacom.
Beginnings
1904 Loews Theatres founded
1905 Adolph Zukor and Marcus Loew form Loews Consolidated theatre chain
1924 Marcus Loew buys Metro Pictures
1924 creates Metro-Goldwyn-Mayer by acquisition of controlling stake in Goldwyn Pictures and Louis B. Mayer Pictures
End of the studio system
1940 US major studios sign federal consent decree, agreeing to distribute films in blocks of under six and to screen films in advance for buyers
1944 US federal government reopens anti-trust litigation against major studios
1946 Laurence and Robert Tisch buy Laurel-in-the-Pines resort for US$125,000
1947 US Dept of Justice appeals after Supreme Court does not order major studios to divest exhibition arms
1948 US Supreme Court's 'Paramount Decree' refers divestiture decision to district court
1949 Loews, 20th Century Fox and Warner Brothers ordered to divest their cinema operations
1954 Loews cinema chain separates from MGM as part of consent decree
1956 Tisch brothers build Americana hotel at Bal Harbour
Tisch era
1959 Tisch bros buy Loews cinema chain for US$65m, form Loews Corporation
1968 Loews buys Lorillard
1974 Loews takes control of CNA Financial
1979 Cineplex Odeon Corporation founded in Canada
1979 Loews buys Bulova Watch
1982 Tri-Star Pictures formed by CBS television, HBO (Home Box Office) and Columbia Pictures
1982 Coca-Cola buys Columbia Pictures for US$682m
1982 Loews forms Majectic Shipping for US$42m
1985 Loews Corporation sells 350 screens
1985 chain acquired by Tri-Star Pictures
1986 Tri-Star acquired by Coca Cola, forming Columbia Pictures Entertainment
CBS and Sony
1986 Loews buys 25% stake in CBS
1986 MCA invests US$75m in Cineplex Odeon
1987 Columbia Pictures merges with Tri-Star Pictures under the ownership of Coca-Cola
1989 Sony Corporation of America buys Loews cinema chain from Coca Cola as part of US$3.4bn Columbia Pictures Entertainment acquisition
1989 Lowes acquires what becomes Diamond Offshore Drilling
1990 Loews sells 50% of Majectic Shipping for US$150m
1991 Robert Tisch pays U$75m for a 50% interest in NFL Giants team
1995 CNA acquires Continental Insurance
1995 Westinghouse Electric buys CBS, later changes name to CBS
1998 Sony/Loews cinema chain completes merger with ailing Cineplex Odeon as Loews Cineplex Entertainment - 2,900 screens
1999 Viacom buys CBS for US$50 billion
2001 Loews Cineplex goes into Chapter 11
2001 Loews Cineplex acquired by Onex and Oaktree Capital Management after financial crisis
2002 Onex buys 58% of Mexico's Grupo Cinemex for US$190m