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 for Turner Network Television for seven years, before becoming a studio analyst for ESPN's "NBA Countdown" in 2008. Johnson runs Magic Johnson Enterprises, a conglomerate company that has a net worth of $700 million; its subsidiaries include Magic Johnson Productions, a promotional company; Magic Johnson Theaters, a nationwide chain of movie theaters; and Magic Johnson Entertainment, a film studio. In addition to these business ventures, Johnson has also created the "Magic Card", a pre-paid MasterCard aimed at helping low-income people save money and participate in electronic commerce. In 2006, Johnson created a contract food service with Sodexo USA called Sodexo-Magic.