Nickelodeon Theaters

  

Nickelodeon Theaters Inc.

Type	Private
Predecessor	Nickelodeon Inc. (1917–1921) Nickelodeon Inc./Goldwyn Pictures Corp. (1921–1948)
Founded	April 14, 1921 (1921-04-14)
Headquarters	Providencia, Gold Coast, K.S.
Number of locations	1,004
Key people	Ron Gallinger (Chairman and CEO) Sheryl Thompson (President and CO)
Revenue	KS$4.2 billion (2019)
Operating income	KS$550.20 million (2019)
Net income	KS$208.9 million (2019)
Total assets	KS$2.7 billion (2019)
Total equity	KS$1.0 billion (2019)
Number of employees	35,997 (2019)

Nickelodeon Theaters Incorporated (doing business as Nickelodeon Theaters) is a Sierran movie theater chain headquartered in Providencia, Gold Coast. It operates the largest movie theater chain in the world, with 11,041 screens in 1,004 theaters.

Nickelodeon Theaters was founded in 1921 as a chain of movie theaters in the Southwest Corridor that were converted from nickelodeon theaters and were capable of screening longer, feature-length films. It acquired Goldwyn Pictures to form Nickelodeon/Goldwyn Pictures, which became one of the largest Hollywood studio companies during the Studio system era. Nickelodeon Theaters was forced to divest its ownership of Goldwyn Pictures following the antitrust legal case Kingdom of Sierra v. Nickelodeon, Inc./Goldwyn Picture Corp. in 1948. Despite the breakup, Nickelodeon Theaters remained one of the largest movie theater chains in the Kingdom of Sierra and has maintained the largest share of the K.S. and CAS theater market ahead of competitors Cineverse and Pyramid Theaters.

Nickelodeon Theaters was formerly listed and traded on the Porciúncula Stock Exchange (ticker symbol: NICK) after it went public in 2007. After it filed for bankruptcy in April 2021 due to the economic slowdown incurred from the COVID-19 pandemic, it was delisted and went private as part of a reorganization plan. As of 2022, the company has returned to a profit for the most part.

History

Founding

Nickelodeon was founded in 1921 by Jonathan, Keith, and Cameron Powell. They all ran nickelodeon theaters in the Southwest Corridor, and had been converting them to screen longer films. The incorporation of Nickelodeon was seen as a logical next step.

See also

• Cineverse
• Pyramid Theaters