Magic Johnson Theatres Magic Johnson Theatres Magic Johnson Theatres is a chain of movie theaters, originally developed in 1994 by Johnson Development Corporation, the business holding of basketball player-turned-entrepreneur Magic Johnson, and Sony Pictures Entertainment through a partnership with Sony-Loews Theatres. A 1998 merger between Sony-Loews and Cineplex Odeon Corporation caused them to become part of the new Loews Cineplex Entertainment Corp. Currently the chain's former locations are owned by AMC Theatres, after Sony-Loews was acquired by that company in 2006. Although they are still branded Magic Johnson Theatres, they are solely controlled by AMC. Earvin "Magic" Johnson, Jr., is no longer actively
Magic Johnson coffee shops in urban areas. After showing Schultz the tremendous buying power of minorities, Johnson was able to purchase 125 Starbucks stores, which reported higher than average per capita sales. The partnership, called Urban Coffee Opportunities, placed Starbucks in locations such as Detroit, Washington, D.C., Harlem, and the Crenshaw District of Los Angeles. Johnson sold his remaining interest in the stores back to the company in 2010, ending a successful twelve-year partnership. Johnson has also invested in urban California real estate and financial service companies catering to America's underserved markets via his Canyon-Johnson and Yucaipa-Johnson funds. Another major project is