Balaban & Katz
| Former subsidiary | |
| Industry | Movie theaters |
| Founders |
A. J. Balaban Sam Katz |
| Headquarters | Chicago |
| Parent |
|
| Website | balabanandkatz.com (defunct) |
Balaban and Katz Theater Corporation, or B&K was a theatre corporation which owned a chain of motion picture theaters and founded by A. J. Balaban and Sam Katz.
Balaban and Katz Theatre corporation started in 1916 in Chicago by A. J. Balaban and Sam Katz. It held its first meeting as a Delaware corporation on January 21, 1925. Famous Players-Lasky Corporation, forerunner of Paramount Pictures, bought a controlling interest in Balaban and Katz Corporation in 1926. It became a part of United Paramount Theatres in 1948 after Paramount was forced to sell off its theaters.
The company also held at the Paramount Pictures-Theaters split in 1949: WBKB (TV), WIBK (FM), 25% of WSMB New Orleans, 50% of a company applying an Atlanta AM license, 10% of another licensee apply for a license in Hot Springs, and television applications for Detroit, Boston, Tampa, and Des Moines. Balaban & Katz became a subsidiary of United Paramount Theatres, Inc. (UPT).
UPT merged with American Broadcasting Company in 1953. The company was officially dissolved as an Illinois corporation on July 31, 1970.
Balaban and Katz chose to build their theaters—many designed by famous architects Rapp and Rapp—in rapidly growing outlying districts, convenient for the middle class population which provided the bulk of their patrons, as well as downtown Chicago. The company is notable for being the first to offer air conditioning in its theaters and for including lavish stage shows. Balaban and Katz operated over a hundred theaters in the midwestern United States. There were more than 50 Chicago-area theaters operated by the Balaban and Katz company including:
North: Belmont, Century/Diversey Theatre, Cine, Covent, Granada, Howard, Lakeside, Northshore, Nortown, Pantheon, Riviera, and Uptown.
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Wikipedia