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National Amusements, Inc. is an American privately owned theater company and mass media
holding company A holding company is a company that owns the outstanding stock of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. However, in many j ...
based in
Norwood, Massachusetts Norwood is a town and census-designated place in Norfolk County, Massachusetts, United States. Norwood is part of the Greater Boston area. As of the 2010 census, the population was 30,602. The town was named after Norwood, England. Norwood is on ...
, and incorporated in
Maryland Maryland ( ) is a state in the Mid-Atlantic region of the United States, bordering Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware and the Atlantic Ocean to its east. Baltimo ...

Maryland
. It is the parent company of
ViacomCBS ViacomCBS Inc. is an American diversified multinational mass media conglomerate formed through the merger of the second incarnation of CBS Corporation and the second incarnation of Viacom on December 4, 2019, which were split from the first inca ...

ViacomCBS
.


History

The company was founded by
Michael Redstone Michael Redstone (born Michael Rothstein; April 11, 1902 – April 4, 1987) was the founder of the ''Northeast Theater Corporation'' which is now National Amusements, Inc. Biography Redstone was born in Boston.
in 1936 in the
Boston Boston (, ), officially the City of Boston, is the capital and most populous city of the Commonwealth of Massachusetts in the United States and 21st most populous city in the country. The city proper covers with an estimated population of 692, ...

Boston
suburb of
Dedham
Dedham
as Northeast Theater Corporation, operating a chain of
movie theater . The picture the projector is displaying is the 1997 Universal Pictures Logo. A movie theater (American English), cinema (British English), or cinema hall (Indian English), also known as a picture house, the pictures, picture theatre, or the ...

movie theater
s in the region. Fifty years later in 1986, when the founder's son
Sumner Redstone Sumner Murray Redstone ( Rothstein; May 27, 1923 – August 11, 2020) was an American billionaire businessman and media magnate. He was the majority owner and chairman of the National Amusements theater chain. Through National Amusements, Redstone ...

Sumner Redstone
joined the company, it had been renamed National Amusements. That year, the company acquired
Viacom
Viacom
, a former
CBS CBS (Columbia Broadcasting System) is an American commercial broadcast television and radio network owned by ViacomCBS through its CBS Entertainment Group division. The network is headquartered at the CBS Building in New York City, with major p ...

CBS
subsidiary syndicating
television Television (TV), sometimes shortened to tele or telly, is a telecommunication medium used for transmitting moving images in monochrome (black and white), or in color, and in two or three dimensions and sound. The term can refer to a televisi ...

television
programs to stations around the
United States The United States of America (USA), commonly known as the United States (U.S. or US), or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major self-governing territories, 326 India ...

United States
. NA retained the Viacom name and made a string of large acquisitions in the early 1990s, announcing plans to merge with Paramount Communications (formerly
Gulf+Western Gulf and Western Industries, Inc., (stylized as Gulf+Western) was an American conglomerate. Gulf and Western's origins date to a manufacturer named the Michigan Bumper Company founded in 1934, although Charles Bluhdorn treated his 1958 takeover ( ...

Gulf+Western
), parent of
Paramount Pictures Paramount Pictures Corporation (commonly known as Paramount Pictures, or simply Paramount) is an American film production company and a subsidiary of ViacomCBS. It is the fifth oldest film studio in the world, the second oldest film studio in t ...

Paramount Pictures
, in 1993, and buying the
Blockbuster Video Blockbuster may refer to: Corporations * Blockbuster LLC, a defunct video and game rental chain TV and entertainment * Blockbuster (entertainment), any very successful movie, theatrical play, etc. * ''Blockbusters'' (American game show), an Ameri ...

Blockbuster Video
chain in 1994. The acquisition of Paramount Communications in July 1994 made Viacom one of the world's largest entertainment companies. In March 2005, the company announced plans of looking into splitting Viacom into two publicly traded companies under the continuing ownership of National Amusements because of a stagnating stock price. The internal rivalry between
Les Moonves Leslie Roy Moonves (; born October 6, 1949) is an American media executive who was the chairman and CEO of CBS Corporation from 2003 until his resignation in September 2018 following numerous allegations of sexual harassment, sexual assault and ab ...

Les Moonves
and
Tom Freston Thomas E. Freston (born November 22, 1945) is an American entertainment industry executive. Early life and education Freston grew up in Rowayton, Connecticut. He received a Bachelor of Arts from Saint Michael's College and an MBA from New York Uni ...

Tom Freston
, longtime heads of CBS and
MTV Networks MTV (originally an initialism of Music Television) is an American cable channel that launched on August 1, 1981. Based in New York City, it serves as the flagship property of the ViacomCBS Domestic Media Networks division of ViacomCBS. Prior t ...

MTV Networks
respectively, and
the controversy of Super Bowl XXXVIII halftime show
the controversy of Super Bowl XXXVIII halftime show
, which resulted in MTV being banned from producing any more
Super Bowl The Super Bowl is the annual championship game of the National Football League (NFL). It has served as the final game of every NFL season since 1966, replacing the NFL Championship Game. Since 2004, the game has been played on the first Sunday i ...

Super Bowl
halftime shows, were also seen as factors. After the departure of
Mel Karmazin Melvin Alan "Mel" Karmazin (born August 24, 1943) is an American executive. He co-founded and was the president of Infinity Broadcasting (formally known as CBS Radio now Entercom) and eventually became the president and CEO of CBS television . From ...

Mel Karmazin
in 2004, Redstone, who served as
chairman The chairperson (also chair, chairman, or chairwoman) is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

chairman
and
chief executive officer A chief executive officer (CEO), chief administrator, or just chief executive (CE), is one of a number of corporate executives in charge of managing an organization especially an independent legal entity such as a company or nonprofit institutio ...

chief executive officer
, decided to split the offices of
president President most commonly refers to: *President (corporate title) *President (education), a leader of a college or university *President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese full- ...

president
and
chief operating officer A chief operating officer (COO), also called a chief operations officer, is one of the highest-ranking executive positions in an organization, composing part of the "C-suite". The COO is usually the second-in-command at the firm, especially if the ...

chief operating officer
between Moonves and Freston. Redstone was set to retire in the near future, and a split would be a creative solution to the matter of replacing him. The split was approved by Viacom's board on June 14, 2005, and took effect on January 1, 2006, and effectively reversed the Viacom/CBS merger of 1999. The existing Viacom was renamed
CBS Corporation The second incarnation of CBS Corporation (the first being a short-lived rename of the Westinghouse Electric Corporation) was an American multinational media conglomerate with interests primarily in commercial broadcasting, publishing, and tele ...

CBS Corporation
(thus restoring its pre-merger name) and was headed by Moonves. It was intended to include Viacom's slower-growing business, namely
CBS CBS (Columbia Broadcasting System) is an American commercial broadcast television and radio network owned by ViacomCBS through its CBS Entertainment Group division. The network is headquartered at the CBS Building in New York City, with major p ...

CBS
,
The CW The CW Television Network (commonly referred to as simply The CW) is an American English-language free-to-air television network that is operated by The CW Network, LLC, a limited liability joint venture between the CBS Entertainment Group un ...

The CW
(a merger of
UPN The United Paramount Network (UPN) was an American broadcast television network that launched on January 16, 1995. The network was originally owned by Chris-Craft Industries' United Television; Viacom (through its Paramount Television unit, which ...

UPN
and
The WB The WB Television Network (commonly shortened to The WB, standing for Warner Bros.) was an American television network first launched on broadcast television on January 11, 1995, as a joint venture between the Warner Bros. Entertainment divisio ...

The WB
),
CBS Radio CBS Radio was a radio broadcasting company and radio network operator owned by CBS Corporation and founded in 1928, with consolidated radio station groups owned by CBS and Westinghouse Broadcasting/Group W since the 1920s, and Infinity Broadcas ...

CBS Radio
(since sold to
Entercom Audacy, Inc. (formerly known as Entercom Communications Corporation) is a publicly traded American broadcasting company and radio network based in Philadelphia, Pennsylvania. Founded in 1968, it is the second largest radio company in the United ...

Entercom
as of November 17, 2017),
Simon & Schuster Simon & Schuster () is an American publishing company and a subsidiary of ViacomCBS founded in New York City in 1924 by Richard L. Simon and M. Lincoln Schuster. As of 2016, Simon & Schuster was the third largest publisher in the United States, pu ...

Simon & Schuster
(to be sold to
Penguin Random House Penguin Random House LLC is a multinational conglomerate publishing company formed in 2013 from the merger of Penguin Group and Random House. In April 2020, Bertelsmann announced the completion of their purchase of Penguin Random House which had ...

Penguin Random House
in 2021),
CBS Outdoor
CBS Outdoor
(formerly
Viacom Outdoor Outfront Media, Inc. is one of the largest outdoor media companies. It operates in markets including the United States and Canada. The Americas division is led by CEO Jeremy Male. Outfront Media operates both billboards and transit displays. His ...

Viacom Outdoor
),
Showtime Networks Showtime Networks Inc. is an American entertainment company that oversees the company's premium cable television channels, including its flagship service Showtime. It is a subsidiary of media conglomerate ViacomCBS under its domestic networks unit ...

Showtime Networks
,
CBS Television Studios CBS Studios is an American television production company which is a subsidiary of CBS Entertainment Group unit of ViacomCBS. It was formed on January 17, 2006 by CBS Corporation as CBS Paramount Television, merging Paramount Television and the ...

CBS Television Studios
,
CBS Television Distribution CBS Media Ventures (formerly CBS Television Distribution) is an American television production and distribution company owned by CBS Entertainment Group, a division of ViacomCBS. It was formed from the merger of CBS Corporation's domestic televisio ...

CBS Television Distribution
and
CBS Studios International ViacomCBS Global Distribution Group (formerly CBS Paramount International Television and CBS Studios International) is a multinational television production-distribution arm owned by ViacomCBS. It was formed in 2004 by Viacom as CBS Paramount Inter ...

CBS Studios International
. In addition, CBS Corporation was given
Paramount Parks Paramount Parks was an operator of Paramount's Kings Island, Paramount's Kings Dominion, Paramount's Great America, Paramount's Carowinds, and Paramount Canada's Wonderland, which annually attracted about 13 million patrons. National Amusements-own ...

Paramount Parks
, which it later sold to
amusement park Wonder Mountain at Canada's Wonderland An amusement park is a park that features various attractions, such as rides and games, as well as other events for entertainment purposes. A theme park is a type of amusement park that bases its struct ...

amusement park
operator
Cedar Fair Cedar Fair, L.P., doing business as the Cedar Fair Entertainment Company, is a publicly traded master limited partnership headquartered at its Cedar Point amusement park in Sandusky, Ohio. The company owns and operates twelve amusement parks, four ...

Cedar Fair
on June 30, 2006, and the CBS College Sports Network, now known as the
CBS Sports Network CBS Sports Network is an American pay television network owned by the CBS Entertainment Group unit of ViacomCBS. When it launched in 2002 as the National College Sports Network (later College Sports Television also known as CSTV), it operated as ...

CBS Sports Network
. Additionally, a spun-off company was created called
Viacom
Viacom
, which was headed by Freston. It comprised MTV Networks,
BET Networks BET Networks is an American entertainment company that oversees the company's premium cable television channels, including its flagship service BET. It is a subsidiary of media conglomerate ViacomCBS under its domestic networks unit. History Bac ...

BET Networks
, Paramount Pictures, and Paramount Pictures' home entertainment operations. These businesses were categorized as the high-growth businesses. At the end of 2008, due to financial troubles, owners
Sumner Redstone Sumner Murray Redstone ( Rothstein; May 27, 1923 – August 11, 2020) was an American billionaire businessman and media magnate. He was the majority owner and chairman of the National Amusements theater chain. Through National Amusements, Redstone ...

Sumner Redstone
and
Shari Redstone Shari Ellin Redstone (born April 14, 1954) is an American media executive with a background in numerous aspects of the entertainment industry and related ventures. She currently serves as the chairwoman of ViacomCBS and president of National Amusem ...

Shari Redstone
sold $400 million of nonvoting shares in National Amusements. In October 2009, the company sold almost $1 billion of its interest in the stock of CBS and Viacom and sold 35 theaters to
Rave Motion Pictures Rave Cinemas, formerly known as "Rave Motion Pictures", is a movie theater brand founded in 1999 and owned by Cinemark Theatres. It previously was headed by Thomas W. Stephenson, Jr., former CEO of Hollywood Theaters, and Rolando B. Rodriguez, for ...

Rave Motion Pictures
. Today these theatres are owned by
Cinemark Cinemark Holdings, Inc. (stylized as CineMark) is an American movie theater chain that started operations in 1961 and since then it has operated theaters with hundreds of locations throughout the Americas and in Taiwan. It is headquartered in Plano ...

Cinemark
,
AMC
AMC
, Alamo, or have closed. National Amusements now almost exclusively operates theaters in the
Northeastern United States The northeastern United States (also referred to as the American Northeast, the Northeast, and the East Coast) is a geographical region of the United States bordered to the north by Canada, to the east by the Atlantic Ocean, to the south by the s ...

Northeastern United States
(with the exception of one location in Ohio). The following year, National Amusements planned to sell $390 million of notes to refinance a large part of the company's bank owed debt. As of December 2019, National Amusements, directly and through subsidiaries, holds approximately 79.4% of the Class A (voting) common stock of
ViacomCBS ViacomCBS Inc. is an American diversified multinational mass media conglomerate formed through the merger of the second incarnation of CBS Corporation and the second incarnation of Viacom on December 4, 2019, which were split from the first inca ...

ViacomCBS
Inc., constituting 10.2% of the overall equity of the Company. The company may hold an unspecified stake in
Entercom Audacy, Inc. (formerly known as Entercom Communications Corporation) is a publicly traded American broadcasting company and radio network based in Philadelphia, Pennsylvania. Founded in 1968, it is the second largest radio company in the United ...

Entercom
, as part of the
reverse Morris trustA Reverse Morris Trust in United States law is a transaction that combines a divisive reorganization (spin-off) with an acquisitive reorganization (statutory merger) to allow a tax-free transfer (in the guise of a merger) of a subsidiary. Structure ...

reverse Morris trust
that spun
CBS's radio assets
CBS's radio assets
off to that company; CBS Corporation shareholders overall held a 72% stake in Entercom as of the spin-off.


Current operations

The company operates more than 1,500 movie screens across the
Northeastern United States The northeastern United States (also referred to as the American Northeast, the Northeast, and the East Coast) is a geographical region of the United States bordered to the north by Canada, to the east by the Atlantic Ocean, to the south by the s ...

Northeastern United States
, the
United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed. The Guardian' and Telegraph' use Britain as a synonym for the United Kingdom. Some prefer to use Britain as shortha ...

United Kingdom
,
Latin America * pt|América Latina|link=no |image = Latin America (orthographic projection).svg |area = |population = ( est.) |density = |religions = |demonym = Latin American |countries = 20 |dependencies = 14 |languages = Romance languages Ot ...

Latin America
, and
Russia Russia (russian: link=no|Россия, , ), or the Russian Federation, is a country spanning Eastern Europe and Northern Asia. It is the largest country in the world, covering and encompassing more than one-eighth of the Earth's inhabited l ...

Russia
under its
Showcase Cinemas Showcase Cinemas is a movie theater chain that is owned and operated by National Amusements. It operates in a total of four countries: its flagship, the United States, Brazil and for Europe, the United Kingdom and Argentina. Locations Showcase o ...

Showcase Cinemas
, Multiplex Cinemas,
Cinema de Lux Showcase Cinemas is a movie theater chain that is owned and operated by National Amusements. It operates in a total of four countries: its flagship, the United States, Brazil and for Europe, the United Kingdom and Argentina. Locations Showcase o ...

Cinema de Lux
, and KinoStar brands. It also operates a nightclub in
Foxborough, Massachusetts Foxborough is a town in Norfolk County, Massachusetts, United States, about southwest of Boston, northeast of Providence, Rhode Island and about northwest of Cape Cod. Foxborough is part of the Greater Boston area. The population was 16,865 at ...

Foxborough, Massachusetts
called Showcase Live, which is located next to a Showcase Cinema de Lux. In
Canada Canada is a country in the northern part of North America. Its ten provinces and three territories extend from the Atlantic to the Pacific and northward into the Arctic Ocean, covering , making it the world's second-largest country by total ...

Canada
, National Amusements also owned
Famous Players Famous Players Limited Partnership, DBA Famous Players, is a Canadian-based subsidiary of Cineplex Entertainment. As an independent company, it existed as an film exhibitor and cable television service provider. Famous Players operated numerous mov ...

Famous Players
theatres through Viacom which today are now owned by
Cineplex Entertainment Cineplex Inc., formerly known as Cineplex Galaxy Income Fund and Galaxy Entertainment Inc. is a Canadian entertainment company headquartered in Toronto, Ontario. Through its operating subsidiary Cineplex Entertainment LP, Cineplex operates 165 ...

Cineplex Entertainment
and
Landmark Cinemas Landmark Cinema of Canada Inc. is a Canadian cinema chain. Based in Calgary, it operates 45 theatres with 317 screens,https://www.landmarkcinemas.com/about/ primarily in Ontario, Central, and Western Canada; its holdings include much of the former ...

Landmark Cinemas
. In 2019, it was announced that the multinational media conglomerates controlled by National Amusements (Viacom and CBS Corporation), would re-merge to form a new company named ViacomCBS. Viacom and CBS announced that the merger would close on December 4; following the official close, the company began trading on
NASDAQ#REDIRECT Nasdaq#REDIRECT Nasdaq {{Redirect category shell| {{R from move {{R up ...
{{Redirect category shell| {{R from move {{R up ...

NASDAQ
the following day. Recent Chairman and CEO
Sumner Redstone Sumner Murray Redstone ( Rothstein; May 27, 1923 – August 11, 2020) was an American billionaire businessman and media magnate. He was the majority owner and chairman of the National Amusements theater chain. Through National Amusements, Redstone ...

Sumner Redstone
died on August 11, 2020.


References


External links


Showcase Cinemas website




{{Major USA Cinema Chains
Category:American companies established in 1936
Category:American companies established in 1936
Category:Movie theatre chains in the United States
Category:Movie theatre chains in the United States
Category:Companies based in Dedham, Massachusetts
Category:Companies based in Dedham, Massachusetts
Category:Companies based in Massachusetts {{CatAutoTOC Massachusetts Category:Economy of Massachusetts Category:Organizations based in Massachusetts ...

Category:Companies based in Massachusetts
Category:Entertainment companies established in 1936
Category:Entertainment companies established in 1936
Category:Privately held companies based in Massachusetts
Category:Privately held companies based in Massachusetts
Category:1936 establishments in Massachusetts
Category:1936 establishments in Massachusetts
Category:Entertainment companies of the United States
Category:Entertainment companies of the United States
Category:ViacomCBS
Category:ViacomCBS