In 2001, Gaumont spun off the cinema division into a joint venture with Pathé since known as Les Cinémas Gaumont Pathé. Gaumont owned a 34% stake in the entity, which controls a large cinema network in France, Switzerland, and the Netherlands. As of 2011, this stake was worth €214 million. In 2004, Gaumont continued its development with Pathé to set up another joint venture, Gaumont-Pathé Archives. Gaumont owns 57.5% of this entity, which contains newsreels, documentaries, and silent movies from the 20th and 21st centuries.