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Planet Hollywood
North American company of theme restaurants inspired by North American cinema
Planet Hollywood
Planet Hollywood International Inc. (stylized as planet Hollywood, planet Hollywood observatory and ph) is a themed restaurant chain inspired by the popular portrayal of Hollywood. The company is owned by Earl Enterprises Corporation, which was founded by Robert Earl. It was launched in New York City on October 22, 1991, with the backing of Hollywood stars Sylvester Stallone, Bruce Willis, Demi Moore, and Arnold Schwarzenegger. The recruited actors were paid for their appearances and endorsements through an employee stock ownership plan. Further celebrity endorsement included actors Whoopi Goldberg, Jean-Claude Van Damme, Don Johnson, Cindy Crawford, Melanie Griffith, Tom Arnold, Wesley Snipes, and Danny Glover; director John Hughes; and comedian Roseanne Barr. At its '90s peak, Planet Hollywood operated more than 60 worldwide locations. After financial problems, the company filed for bankruptcy on 12 October 1999. The restructuring plan left the company with 35 locations in 2000 and their...
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