Canadian businessman Ellis Jacob is the President and Chief Executive Officer of Cineplex Entertainment, formerly known as Cineplex Galaxy Income Fund and Galaxy Entertainment Inc., a Canadian entertainment company based in Toronto. Through its operating subsidiary Cineplex Entertainment LP, Cineplex runs 165 theaters across Canada under several brand names, including Cineplex Cinemas, Cineplex Odeon, SilverCity, Galaxy Cinemas, Cinema City, Famous Players, Scotiabank Theatres, and Cineplex VIP Cinemas.
Jacob was born in 1953 in Calcutta, West Bengal, India. His parents were Raymond and Tryphosa Jacob. He and his family immigrated to Canada in 1969 to attend his sister’s wedding and have remained in the country ever since.
Jacob studied at McGill University in Montreal and moved to Toronto in 1976 to attend York University’s Schulich School of Business.
Jacob began his career at the Ford Motor Company of Canada and Motorola. He entered the film exhibition business when he joined Cineplex Odeon Corporation in 1987, as its Chief Financial Officer. In this role, Jacob assisted the upstart movie theatre chain to recover from the brink of bankruptcy. In 1996, Jacob was promoted to Chief Operating Officer. In 1998, he left Cineplex Odeon after the company merged with Loews Theatres to form Loews Cineplex Entertainment. Next Jacobs served as the head of Integration at Alliance Atlantis, a Canadian media company that operated primarily as a specialty service operator in Canada. In October 1999, Jacob and Jerry Schwartz, the CEO of Onex Corporation, founded Galaxy Cinemas together, with the goal of building 20 theaters in small- to mid-sized Canadian cities. In November of 2003, Jacob became the Chief Executive Officer of the merged Cineplex Galaxy Income Fund, which consisted of Galaxy Cinemas and the Canadian assets of the restructured Loews Cineplex.
As president, Chief Executive Officer and Director of Cineplex, Jacob’s total compensation is roughly $2,449,900 Canadian. Jacob has an overall estimated net worth of $24 million.
In June 2005, under Jacob’s leadership of Cineplex, the company acquired Famous Players, doubling the chain’s size. At the beginning of 2010, Jacob began expanding beyond movie theatres into eSports, Digital Media and The Rec Room, a Canadian chain of entertainment restaurants that feature attractions such as arcades, driving simulators, darts, bowling, archery and virtual reality.