TORONTO, Oct. 12,
2023 /CNW/ - (TSX: CGX) – Cineplex, a leading
entertainment and media company, reported box office revenues of
$34 million for September 2023 and outperformed the North
American box office by 370 basis points, bringing a close to an
exceptional third quarter. September
2023 generated 77 per cent of box office revenues compared
to the same period in 2019, which was the second highest September
in Cineplex's history. Third quarter box office revenues were
$188 million and achieved 106 per
cent of 2019 levels. Cineplex's third quarter results outperformed
the North American box office by 310 basis points and was the
Company's highest third quarter and fourth highest box office
quarter of all time.
Blockbuster performances for the quarter were driven by the
"Barbenheimer" phenomenon, with Barbie and
Oppenheimer generating a combined $2.3 billion in global box office revenues to
date. TAYLOR SWIFT | THE ERAS
TOUR theatrical concert film experience coming to theatres
October 13, has already generated
$6.2MM in pre-sales for Cineplex,
becoming the company's largest events pre-sale of all time. More
theatrical concert films are coming, as Cineplex recently announced
it is bringing RENAISSANCE: A FILM BY BEYONCÉ to Canadians,
premiering December 1.
"We've just had our best third quarter box office results ever
and as we continue to be the entertainment destination for
Canadians, we are bringing people together to experience
blockbuster movies, International films and now the world's most
sought-after concerts," said Ellis
Jacob, President and CEO, Cineplex. "We look forward to
welcoming Taylor Swift and Beyoncé
fans to enjoy their favourite artist in thrilling formats, like
UltraAVX and VIP. As we enter our fourth quarter, we're pleased to
see the writers' strike come to a resolution and are optimistic the
actors' strike will soon follow."
|
Period
|
2019 Box Office
(i)
|
2023 Box Office
(i)
|
2023 as a Percentage
of 2019
|
|
July
|
$76,935
|
$86,388
|
112 %
|
|
August
|
$56,537
|
$67,592
|
120 %
|
|
September
|
$44,393
|
$34,253
|
77 %
|
|
Total
|
$177,865
|
$188,233
|
106 %
|
|
(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), complexes specially designed
for teens and families (Playdium), and a newly launched
entertainment concept that brings movies, amusement gaming, dining,
and live performances together under one roof (Cineplex Junxion).
It also operates successful businesses in digital commerce
(CineplexStore.com), alternative programming (Cineplex Events),
motion picture distribution (Cineplex Pictures), 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