Cineplex Odeon Corporation Offers $3.00 Encore Admission Price at Two Additional Manhattan Theatres, in New York.TORONTO--(BUSINESS WIRE)--May 24, 1996--CINEPLEX ODEON CORP. (NYSE NYSE See: New York Stock Exchange ,TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CPX) Cineplex Odeon Corporation today announced that as of Friday May 24th, it will offer its $3.00 encore movie admission price at two additional Manhattan theatres - The Manhattan Twin and The 59th Street East Cinema, both located on 59th between Second and Third. "As a result of enthusiastic response and significantly increased attendance following the introduction of the $3.00 admission price at the Worldwide Cinemas in Manhattan, we are pleased to offer this same admission price at these two Manhattan theatres," stated Allen Karp, Cineplex Odeon's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Providing guests with the opportunity to attend recent releases for only $3.00 increases the accessibility of the moviegoing experience to those on a limited entertainment budget, particularly seniors and students." For only $3.00, moviegoers currently attending the Manhattan Twin can enjoy "Executive Decision", starring Kurt Russell and Steven Seagal, or "City Hall", featuring Al Pacino. At the 59th Street East Cinema, Robert Redford and Michelle Pfeiffer appear in "Up Close and Personal". Consistent with the Worldwide Cinemas $3.00 admission price, both the Manhattan Twin and the 59th Street East Cinema will present matinees daily. The $3.00 admission price will be valid for any film, any day of the week, including weekends and holidays. Cineplex Odeon is an entertainment corporation which owns and operates motion picture cinemas and related food service concessions in 6 Canadian provinces, 13 US states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . With Headquarters in Toronto, Cineplex Odeon is one of the largest exhibitors in North America and the largest in Canada, with 1,501 screens and 320 locations. The Corporation's shares are traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. CONTACT: Cineplex Odeon Corporation Howard Lichtman, 416/323-6634 |
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