The Palace Amusement Company (1921) Limited was formed by Audley Morais, and operated as a Private Company prior to 1921 (silent movie days). Over the years the Company operated Movies, Rose Garden, and Palace Cinemas. Gaiety and Majestic was subsequently acquired, Odeon (Mandeville) was leased, and other cinemas ( urban and rural) were built. It operated cinemas and distributed films to many of the independent cinemas that existed in Jamaica and Cayman.

 

In 1962, Russgram Investments Limited - a Company owned by Russell Graham - bought the controlling interest in Palace Amusement Company from J. Arthur Rank, and Douglas Graham was appointed Managing Director. The new regime purchased the Majestic Cinema on Spanish Town Road, built the Harbour View Drive In as a partly owned subsidiary, and took control of Tropical Cinema Company, which was a 2-cinema company - Tropical and Rialto.

 

Palace Amusement Company is listed on the Jamaica Stock Exchange and has approximately 150 shareholders. There are l,437,028 issued stock units. Russgram Investments Limited presently owns 66% of the shares in Palace Amusement Company.

 

At this time we operate the Carib 5 in Cross Roads, Palace Cineplex in Liguanea and Palace Multiplex in Montego Bay. The Carib was demolished by fire in 1996 and Palace Amusement Company rebuilt it as 5 screens.