TORONTO, Sept. 9,
2022 /CNW/ - (TSX: CGX) – Today, Cineplex Inc.
("Cineplex" or the "Company") reported August box office revenue of
$36 million. This represented 64 per
cent of box office revenues when compared to the same month in 2019
which included blockbuster titles like Fast & Furious
Presents: Hobbs & Shaw and The Lion King. Leading
film performances during the month included Bullet Train and
the continued success of Top Gun: Maverick, which is now in
its 15th week of release. This followed a very strong
month in July with box office revenues of $66 million or 85 per cent of July 2019 box office revenues.
September 2022 is also off to a
great start as we welcomed over half a million guests in one day as
part of the industry, North American-wide National Cinema Day.
Saturday, September 3, 2022, proved
to be Cineplex's busiest day so far in 2022, and third busiest day
in the last five years, behind the openings of Avengers:
Endgame (April 2019) and
Avengers: Infinity War (April
2018).
"We were thrilled to see the industry come together to celebrate
the return of moviegoing, which clearly resonated with our guests
after a record setting day," said Ellis
Jacob, President & CEO, Cineplex. "We remain
laser-focused on advancing growth initiatives across all of our
diversified businesses – including Media and Amusement &
Leisure – and driving long-term value for our shareholders as we
enhance our position as an industry leader. As we move forward, we
are confident about the recovery of our businesses, as well as our
teams' ability to capitalize on the impressive film slate scheduled
for the remainder of this year and beyond."
Month
|
2019 Box Office
(i)
|
2022 Box Office
(i)
|
2022 as a Percentage
of 2019
|
July
|
$76,935
|
$65,618
|
85 %
|
August
|
$56,537
|
$36,060
|
64 %
|
(i) Balances are in
thousands of dollars.
|
About Cineplex
Cineplex (TSX: CGX) is a top-tier Canadian brand that operates
in the Film Entertainment and Content, Amusement and Leisure, and
Media sectors. Cineplex offers a unique escape from the everyday to
millions of guests through its circuit of over 170 movie theatres
and location-based entertainment venues. In addition to being
Canada's largest and most
innovative film exhibitor, the company operates Canada's favourite destination for 'Eats
& Entertainment' (The Rec Room) and complexes specially
designed for teens and families (Playdium). It also operates
successful businesses in digital commerce (CineplexStore.com),
alternative programming (Cineplex Events), cinema media (Cineplex
Media), digital place-based media (Cineplex Digital Media) and
amusement solutions (Player One Amusement Group). Providing even
more value for its guests, Cineplex is a partner in Scene+,
Canada's largest entertainment and
lifestyle loyalty program.
Proudly recognized as having one of the country's Most Admired
Corporate Cultures, Cineplex employs over 10,000 people in its
offices and venues across Canada
and the United States. To learn
more, visit Cineplex.com.
SOURCE Cineplex