Marcus Corporation

The Marcus Corporation
Public
Traded as NYSE: MCS
S&P 600 Component
Industry Hospitality
Entertainment
Founded Milwaukee, Wisconsin, United States
(November 1, 1935 (1935-11-01))
Founder Ben Marcus
Headquarters Milwaukee, Wisconsin, United States
Area served
 Marcus Theatres: Wisconsin, Illinois, Iowa, Minnesota, Missouri, 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 Increase US$ 622.7 million (2017)[1]
Increase US$ 075.6 million (2017)[1]
Increase US$ 02.29 per share (2017)[1]
Number of employees
 7,500
Divisions
Website www.marcuscorp.com

The Marcus Corporation (NYSE: MCS) is an American 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 Inn & Suites, was sold to La Quinta Corporation in 2003. Marcus Cable, which merged in 1998 with Charter Communications, was founded by a member of the Marcus family, but held no direct corporate connection to Marcus Corporation itself.

Marcus Corporation was founded on November 1, 1935 by Ben Marcus with the purchase of a single movie theatre screen in Ripon, Wisconsin (which remains with Marcus as a second-run theater, the Campus Cinema, with titles appealing to the students of Ripon College). It was also a restaurant franchisee, operating the Marc's Big Boy affiliate of the Big Boy Restaurants chain and serving as the Milwaukee area franchise for Kentucky Fried Chicken. Marcus sold the KFC franchises by 1992 and closed the last Marc's in 1995.

Marcus Theatres

Marcus Theatres is a United States movie theater chain that owns and/or manages screens in Wisconsin, Illinois, Iowa, Minnesota, Missouri, 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 began a partnership with Fandango in fall 2015, making Fandango its preferred ticketing partner.[7]

In December 2016, the chain completed its acquisition of 14 theaters owned by Wehrenberg Theatres in four states.[8]

Marcus Hotels and Resorts

Marcus Hotels and Resorts, currently owns or manages 17 hotels and resorts in California, Illinois, Minnesota, Nebraska, Nevada, Oklahoma, Texas, and Wisconsin, as well as one vacation club in Wisconsin.

References

  1. 1 2 3 "The Marcus Corporation 2018 Annual Meeting". Marcus Corporation. Retrieved June 20, 2018.
  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.
  8. ↑ Boulton, Guy (December 16, 2016). "Marcus Theatres completes acquisition". Milwaukee Journal Sentinel. USA Today. Retrieved August 15, 2017.
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