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| Planet Hollywood, a theme restaurant chain inspired by the popular portrayal of Hollywood, was launched in New York on October 22, 1991, with the backing of Hollywood stars Sylvester Stallone, Bruce Willis, Arnold Schwarzenegger, and Demi Moore. It was a brainchild of Robert Earl. The stars received stock options at rock bottom price in exchange for their endorsement, thus they could be billed as legal owners. In April 1996, Planet Hollywood went public. However, the restaurants had many vacant seats most of the time, and gradually lost on reputation. With each new opening, the brand name became diluted. The company went bankrupt twice. Its share price reached all time high of $32 on the first day of trading and went down to less than $1 by 1999. CasinosThe Aladdin Casino Resort in Las Vegas, NV will be rebranded the Planet Hollywood Las Vegas resort and will be operated by Starwood Hotel and Resorts. A 2006 opening is planned.RestaurantsUnited States
International
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