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An announcement from the
President
G& W Acquires
Limited
By now you may have heard or read that Gulf & Western has acquired the 48.9% interest of Famous Players Limited held by Rogers Cablesystems Inc., and now owns the Company 100%. This acquisition was negotiated when Rogers Cablesystems expressed its desire to sell all its unrelated cable interests in order to acquire U.A.-Columbia Cable in the United States.
Since the acquisition, it was determined that the Company should be split into two divisions — Theatre Operations and Real Estate Operations, with the Theatre Division retaining the tithe Famous Players Limited and the Real Estate Division operating as Famous Players Realty Limited. The Realty Company will be headed by John G. Bacopulos as President and Ray M.
4 September/October, 1981
100% Interest in Famous Players
Mercurio as Vice-President. It is the intent to continue the re-development of its properties and they currently have joint developments underway in Calgary, Edmonton and Ottawa, plus other ventures under discussion.
The Theatre Division will continue to update its position with new cinemas in Quebec City, Toronto, Saskatoon, Regina, Calgary, Edmonton, Winnipeg and Ottawa.
Mr. Clifford G. Narbey, who has been with our Company since 1974 and is fully cognizant of our theatre operations, has replaced Mr. Mercurio as Vice-President and Treasurer of Famous Players Limited.
George P. Destounis
Spacious foyer on second level of Capitol Six is viewed above from either end. Recessed confection counter at bottom right.
Jack’s assistant at the Capitol Six is Sally Morgan. Also a native of Victoria, Sally worked in the old Capitol Theatre for ten years before moving to Halifax in 1973 with her Navy husband. During her four years in Halifax, she worked in the Scotia Square Theatre and so has spanned the Famous ‘universe’ from East to West.
After a rather hectic start, Jack, Sally and the theatre staff now find the layout of the Capitol Six practical and conducive to a quick turnaround of patrons after each performance. They are also excited about the large number of patrons they can handle efficiently at the candy bar due to the extensive counter space. .
Jack and Sally are very proud of their theatre which they describe as beautiful and majestic — with a fantastic view from the manager’s office under the dome!
From the comments of those people who have had the privilege of visiting this complex, it appears that Famous Players has added a very notable and impressive theatre to its chain, and Victoria has gained a building which is a classic of contemporary design. *