an early motion-picture theater where a film or a variety show could be seen, usually for the admission price of a nickel.
an early jukebox that was operated by inserting nickels.

1885–90, Americanism; nickel (def 2) + (mel)odeon Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
nickelodeon (ˌnɪkəˈləʊdɪən)
1.  an early form of jukebox
2.  (formerly) a cinema charging five cents for admission
3.  (formerly) a Pianola, esp one operated by inserting a five-cent piece
[C20: from nickel + (mel)odeon]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

1888, "motion picture theater," from nickel "five-cent coin" (the cost to view one) + -odeon, as in Melodeon (1840) "music hall," ult. from Gk. oideion "building for musical performances." Meaning "nickel jukebox" is first attested 1938.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Nickelodeon's smash cartoon series gets a splashy sendoff in its first feature film.
Nickelodeon recently decided to start catering to adults.
The nickelodeon machines on the left were coin operated phonographs.
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