High Quality Content by WIKIPEDIA articles! Rainbow Cinemas and Magic Lantern Theatres operate movie theatres across Canada. The Rainbow Cinemas chain was founded in the 1990s in Saskatoon, Saskatchewan, while the Magic Lantern Theatres chain was founded in 1984 in Edmonton, Alberta. Rainbow Cinemas concentrated on suburban multiplex second run theaters while Magic Lantern focused on smaller theaters both in cities and small towns. The two chains merged and are now based in Edmonton, operating 17 cinemas with a total of 87 screens across Canada. Today, Rainbow Cinemas also operates three suburban multiplex first run theatres in the Toronto area.