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landmarks
This chronology is indicative only.
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 for US$450m
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
2008 Loews spins off Lorillard
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