Editing Timeline of the decline of Toronto movie theatres

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== 1988 - [SOLD] Cineplex acquires Imperial Six ==
 
== 1988 - [SOLD] Cineplex acquires Imperial Six ==
 
* Cineplex acquires the Imperial Six theatre from Famous Players but on condition that Cineplex never presents movies there. So instead Cineplex co-founder Garth Drabinsky starts a new company called Livent and renames the theatre the Pantages where a live theatre production of The Phantom of the Opera is mounted.<ref>https://en.wikipedia.org/wiki/Ed_Mirvish_Theatre</ref>  
 
* Cineplex acquires the Imperial Six theatre from Famous Players but on condition that Cineplex never presents movies there. So instead Cineplex co-founder Garth Drabinsky starts a new company called Livent and renames the theatre the Pantages where a live theatre production of The Phantom of the Opera is mounted.<ref>https://en.wikipedia.org/wiki/Ed_Mirvish_Theatre</ref>  
* "The move also caused a ripple effect that was felt back in corporate HQ in the US, where long-time President George Destounis was ousted from Famous Players for the loss of the Imperial Six, its flagship cinema in Canada." <ref>https://www.ludwig-van.com/toronto/2021/05/05/feature-history-ed-mirvish-theatre-canadas-turbulent-movie-distribution-biz/</ref>
 
 
* So ironically, what was a multi-plex movie theatre has been converted by a multi-plex tycoon into a single auditorium live theatre. Why couldn't that reverence for the single auditorium experience have been applied to movies as it was for live theatre?  Cineplex makes millions stripping away the grandeur of the movie-going experience and turns around and applies those profits towards propping up the grandeur of the live theatre experience. And so continues the accelerated decline of Toronto movie theatres.
 
* So ironically, what was a multi-plex movie theatre has been converted by a multi-plex tycoon into a single auditorium live theatre. Why couldn't that reverence for the single auditorium experience have been applied to movies as it was for live theatre?  Cineplex makes millions stripping away the grandeur of the movie-going experience and turns around and applies those profits towards propping up the grandeur of the live theatre experience. And so continues the accelerated decline of Toronto movie theatres.
 
* Detailed history here: [https://www.thestar.com/entertainment/how-a-historic-theatre-survived-epic-battles/article_0506c170-d6ef-55ef-966a-7dba6a99d9da.html How a historic theatre survived epic battles]
 
* Detailed history here: [https://www.thestar.com/entertainment/how-a-historic-theatre-survived-epic-battles/article_0506c170-d6ef-55ef-966a-7dba6a99d9da.html How a historic theatre survived epic battles]

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