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
Walter S. Johnson a state Assembly Bill offering $2 million in restoration funds if the city of San Francisco would match it. The city faltered and Johnson stepped up to the plate, donating the needed $2 million to the project. The state funds kicked in and work on the Palace began. Johnson continued to contribute to the Palace for the rest of his life. In tribute, the city named the surrounding grounds the Walter S. Johnson Park. The Palace was not the first historic building that interested Johnson. The Augustin Bernal Adobe house in Pleasanton, California and the surrounding ranch land were purchased