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Sony and Cineplex to form world's largest theater chain

Sony Corporation of America and Cineplex Odeon have agreed to merge their theater businesses to form the world's largest movie theater company with more than 2,600 screens in North America.

The combined company will be named Loews Cineplex Entertainment and will have more than 460 theater complexes in North America. The merger involves Cineplex Odeon and the Loews Theatres Exhibition Group.