Loews Corporation - Stock Certificate
Inv# ET1087 Stock
Stock printed by Security-Columbian Banknote Company. Rare! Loews Cineplex Entertainment, also known as Loews Incorporated, is an American theater chain operating in North America. From 1924 to 1959, it was the parent company of Metro-Goldwyn-Mayer Studios (MGM). It was formerly jointly owned by Sony Pictures and Universal Studios and operated theatres in the United States, Canada, South Korea, Spain and Mexico. The company was originally called "Loew's," after the name of its founder, Marcus Loew. In 1969, when the Tisch brothers acquired the company, it became known as "Loews." The company merged with Canadian-based Cineplex Odeon Corporation in 1998, only to become bankrupt in 2001. The company merged with AMC Theatres on January 26, 2006, while the Canadian operations merged with Cineplex Galaxy in 2003.
The Loews Theatres name was used until 2017 when AMC simplified their branding to focus on three main lines: AMC, AMC Classic, and AMC Dine-In after their purchase of Carmike Cinemas. Prior to the discontinuation, Loews Cineplex operated its theatres under the Loews Theatres, Cineplex Odeon, Star Theatres, Magic Johnson Theatres, Cinemex and MEGABOX brands. Its corporate offices were located in New York and Toronto. Loew's Theatres Incorporated was formed in 1904 in Cincinnati, Ohio, by entrepreneur Marcus Loew. Loew founded a chain of nickelodeon theaters which showed short silent films in storefront locations. Soon the successful enterprise grew to include deluxe vaudeville houses and finally lavish movie palaces. Loew's theaters were found in cities from coast-to-coast, but primarily in East Coast and Midwest states. Read more at https://en.wikipedia.org/wiki/Loews_Cineplex_Entertainment
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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