Magic Johnson Enterprises is a company owned by retired NBA Hall of Fame legend Magic Johnson. After some criticism that he only invested with other people's money, in 1995 Johnson took an equity stake along with what was then the Loews chain in the 12-screen movie theater in Baldwin Hills. The Beverly Hills-based Magic Johnson Enterprises formerly owned AMC Magic Johnson Theatres in four cities, 31 Burger King restaurants in the Southeast, and 13 24-Hour Fitness/Magic Johnson Sport health clubs. Over the years, Magic Johnson Enterprises has continually invested ownership in many lucrative businesses including the Los Angeles Lakers, movie theaters and restaurants in the United States, including T.G.I. Friday's, Sodexo, and Burger King locations. - Source: Wikipedia
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