Canadian Movie Theatre Chains Get Together

Canada’s two largest movie theatre chains are combining. Cineplex is buying Famous Players from Viacom Inc. for $500-million. “Last fall, New York-based Viacom said it planned to sell its Famous Players arm in Canada, the largest movie exhibitor in this country with a market share of about 40 per cent. Famous Players operates at 81 locations with 787 screens across the country.”