Does Magic Johnson Own a Movie Theater?

Magic Johnson is a well-known retired NBA player and successful entrepreneur. Since his retirement in 1991, Johnson has been involved in many different business ventures, ranging from real estate to movie theatres.

As of 2021, the question of whether or not Magic Johnson owns a movie theatre is still up for debate.

Johnson’s first foray into the movie business was in 1994 when he became one of the co-owners of Magic Johnson Theatres. The movie chain was created with the mission of bringing first-run movies to urban neighborhoods that were often overlooked by traditional theater chains. The chain grew to 21 locations across the United States before being sold in 2012.

Johnson’s second venture into the movie business was more successful than his first. In 2001, he partnered with Loews Cineplex Entertainment to launch Magic Johnson Megaplexes.

The brand focused on providing high quality entertainment experiences at affordable prices, and quickly grew to become one of the largest chains in the country. In 2005, Loews sold its stake in Magic Johnson Megaplexes and Johnson became the sole owner.

So does Magic Johnson own a movie theatre?

The answer is yes – though it may not be an individual theatre, Johnson does own and operate Magic Johnson Megaplexes as well as several other entertainment venues throughout the United States. With his commitment to providing quality entertainment experiences to underserved neighborhoods, it’s safe to say that Magic Johnson is still making an impact on the movie industry.

Conclusion:

Magic Johnson does own a movie theater through his ownership of Magic Johnson Megaplexes; a chain of theaters located throughout the United States which focuses on providing quality entertainment experiences at affordable prices for underserved neighborhoods.