Marcus Corporation

From Wikipedia, the free encyclopedia
Jump to: navigation, search
The Marcus Corporation
Public
Traded as NYSEMCS
Dow Jones Industrial Average Component
S&P 600 Component
Industry Hospitality
Entertainment
Founded Milwaukee, Wisconsin, United States
(November 1, 1935; 79 years ago (1935-11-01))
Founder Ben Marcus
Headquarters Milwaukee, Wisconsin, United States
Area served
Marcus Theatres: Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota, and Ohio.
Marcus Hotels and Resorts: Arizona, California, Illinois, Minnesota, Missouri, Nevada, Ohio, Oklahoma, Texas, and Wisconsin.
Key people
Gregory S. Marcus (President and CEO)
Stephen H. Marcus (Chairman)
Revenue Decrease US$ 412.8 million (2013)[1]
Decrease US$ 0 38.2 million (2013)[1]
Decrease US$ 0 0.63 per share (2013)[1]
Number of employees
6,500
Divisions
Website www.marcuscorp.com

The Marcus Corporation (NYSEMCS) is a publicly held company headquartered in Milwaukee, Wisconsin. The company operates two principal divisions: Marcus Theatres and Marcus Hotels and Resorts. One of the company's principal assets, Baymont Motels, was sold to La Quinta Corporation in 2003. Marcus Cable is not associated with the Marcus Corportation.

Marcus Corporation was founded on November 1, 1935 by Ben Marcus with the purchase of a single movie theatre screen in Ripon, Wisconsin. It was also a restaurant franchiser, as it was affiliated with the Big Boy Restaurants chain as Marc's Big Boy and served as the Milwaukee area franchiser for Kentucky Fried Chicken. Marcus exited the restaurant business after closing Marc's and selling of the KFC franchises by 1992.

Marcus Theatres[edit]

Marcus Theatres is a United States movie theater chain that owns and/or manages screens in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota, and Ohio. In 2000, the chain partnered with MovieTickets.com for advanced ticketing capabilities. This partnership was extended in 2011.[2]

In 2008, Marcus acquired seven theater locations in Nebraska from Douglas Theatre Company.[3]

In August 2013, Rolando B. Rodriguez was appointed as president and chief executive officer of Marcus Theatres.[4] After Rodriguez took over, the company introduced two new initiatives in October 2013: $5 admission for any movie on Tuesdays at select theaters and an alternative programming block known as "Theatre Entertainment Network.[5] In January 2014, Marcus launched an initiative called "Indie Focus" that offers art and independent films in select locations.[6] The chain will begin a partnership with Fandango in fall 2015, making Fandango its preferred ticketing partner.[7]

Marcus Hotels and Resorts[edit]

Marcus Hotels and Resorts, currently owns or manages 19 hotels and resorts in California, Florida, Illinois, Minnesota, Missouri, Nebraska, Nevada, Oklahoma, Texas, and Wisconsin, as well as one vacation club in Wisconsin.

References[edit]

  1. ^ a b c "The Marcus Corporation Investor Fact Sheet" (PDF). Marcus Corporation. 2014. Archived from the original (PDF) on April 23, 2015. Retrieved April 23, 2015. 
  2. ^ "MovieTickets.com and Marcus Theatres® Extend Decade Long". Bloomberg L.P. February 15, 2011. Retrieved April 23, 2015. 
  3. ^ "Marcus Theatres to Acquire 7 Douglas Theatres Locations in Nebraska". The BigScreen Cinema Guide. SVJ Designs. April 24, 2015. Archived from the original on April 7, 2015. Retrieved April 24, 2015. 
  4. ^ "Rolando B. Rodriguez Appointed President and CEO of Marcus Theatres® and Executive Vice President of The Marcus Corporation". Business Wire. Berkshire Hathaway. August 1, 2013. Archived from the original on March 2, 2014. Retrieved April 23, 2015. 
  5. ^ Vogel Davis, Stacy (October 11, 2013). "Marcus tries new ideas to fill theaters". Milwaukee Business Journal. American City Business Journals. Retrieved April 23, 2015. 
  6. ^ "Marcus Theatres Launches Indie Focus". Business Wire. Berkshire Hathaway. January 15, 2014. Retrieved April 24, 2015. 
  7. ^ McClintock, Pamela (April 21, 2015). "CinemaCon: Fandango Partners With Marcus Theatres". The Hollywood Reporter. Prometheus Global Media. Retrieved April 23, 2015. 

External links[edit]