Loews to enter Japan with 5 urban plexes

Tokyo, Osaka up first

TOKYO — U.S. movie exhibitor Loews Cineplex Entertainment will enter the Japanese market, with plans to initially build five multiplexes, a Japanese financial daily reported over the weekend.

Loews will aim for the major urban markets with its first plexes boasting 14 or 15 screens built in Tokyo and Osaka and their surrounding suburbs over the next two years, the Nihon Keizai Shimbun reported citing industry sources.

Equity stakes

Sony Pictures Entertainment, a U.S. unit of Sony Corp., will have a 40% equity stake in Loews Cineplex while Universal Studios holds a 26% stake, the paper said.

Foreign exhibitors are closing in on controlling about 20% of the Japanese market, and the addition of Loews should further enhance their grip in the exhibition market that is tightly controlled by Japan’s big three movie companies — Toho, Toei and Shochiku.

The leading foreign exhibition company is Warner Mycal, which has just over 10% of the market.

More Film

  • Stan Dragoti 'The Last Boyscout' PremiereDecember

    Stan Dragoti, Director of 'Mr. Mom,' 'Love at First Bite,' Dies at 85

    TOKYO — U.S. movie exhibitor Loews Cineplex Entertainment will enter the Japanese market, with plans to initially build five multiplexes, a Japanese financial daily reported over the weekend. Loews will aim for the major urban markets with its first plexes boasting 14 or 15 screens built in Tokyo and Osaka and their surrounding suburbs over […]

  • Jagged Edge

    Film News Roundup: Halle Berry's 'Jagged Edge' Remake Finds Writer

    TOKYO — U.S. movie exhibitor Loews Cineplex Entertainment will enter the Japanese market, with plans to initially build five multiplexes, a Japanese financial daily reported over the weekend. Loews will aim for the major urban markets with its first plexes boasting 14 or 15 screens built in Tokyo and Osaka and their surrounding suburbs over […]

  • Kate Winslet Diane Keaton Mia Wasikowska

    Kate Winslet, Diane Keaton, Mia Wasikowska to Star in 'Silent Heart' Remake

    TOKYO — U.S. movie exhibitor Loews Cineplex Entertainment will enter the Japanese market, with plans to initially build five multiplexes, a Japanese financial daily reported over the weekend. Loews will aim for the major urban markets with its first plexes boasting 14 or 15 screens built in Tokyo and Osaka and their surrounding suburbs over […]

  • (L to R) Young Tanya (JESSICA

    'Mamma Mia! Here We Go Again' Reviews: What the Critics Are Saying

    TOKYO — U.S. movie exhibitor Loews Cineplex Entertainment will enter the Japanese market, with plans to initially build five multiplexes, a Japanese financial daily reported over the weekend. Loews will aim for the major urban markets with its first plexes boasting 14 or 15 screens built in Tokyo and Osaka and their surrounding suburbs over […]

  • Sisterhood of the Traveling Pants

    'Sisterhood of the Traveling Pants' Stage Musical in the Works

    TOKYO — U.S. movie exhibitor Loews Cineplex Entertainment will enter the Japanese market, with plans to initially build five multiplexes, a Japanese financial daily reported over the weekend. Loews will aim for the major urban markets with its first plexes boasting 14 or 15 screens built in Tokyo and Osaka and their surrounding suburbs over […]

  • Sundance Film Festival Placeholder

    Sundance Festival's Economic Impact Jumps Up 26% From 2017, Study Says

    TOKYO — U.S. movie exhibitor Loews Cineplex Entertainment will enter the Japanese market, with plans to initially build five multiplexes, a Japanese financial daily reported over the weekend. Loews will aim for the major urban markets with its first plexes boasting 14 or 15 screens built in Tokyo and Osaka and their surrounding suburbs over […]

  • Aubrey Plaza'Ingrid Goes West' film premiere,

    LA Film Festival Adds Inclusion Initiatives

    TOKYO — U.S. movie exhibitor Loews Cineplex Entertainment will enter the Japanese market, with plans to initially build five multiplexes, a Japanese financial daily reported over the weekend. Loews will aim for the major urban markets with its first plexes boasting 14 or 15 screens built in Tokyo and Osaka and their surrounding suburbs over […]

More From Our Brands

Access exclusive content