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 In 2004, Johnson and his partner Ken Lombard, sold Magic Johnson Theaters to Loews Cineplex Entertainment in 2004. The first Magic Johnson Theater located in the Baldwin Hills Crenshaw Plaza, closed in 2010 and re-opened in 2011 as Rave Cinema 15. Johnson began thinking of life after basketball while still playing with the Lakers. He wondered why so many athletes had failed at business, and sought advice. During his seventh season in the NBA, he had a meeting with Michael Ovitz, CEO of Creative Artists Agency. Ovitz encouraged him to start reading business magazines and to use every connection available