TORONTO, April 18,
2022 /CNW/ - (TSX: CGX) – Cineplex, Canada's leading entertainment and media
company, is pleased to advise that all of its 172 theatres and
entertainment venues across the country are open and operating at
full capacity, with all previously mandated federal, provincial and
municipal operating restrictions removed. This is the first time
since March 2020 that all Cineplex
theatres and locations of The Rec Room and Playdium have been open
and operating without restrictions, such as limitations on
concessions sales, reduced building capacity and proof of
vaccination requirements. Only the provinces of Prince Edward Island and Quebec continue mandating the use of masks for
guests, a guideline also expected to be lifted in the coming days
and weeks.
"Movie-lovers, social seekers, game enthusiasts and all those
looking for a safe, affordable escape are returning to our theatres
and entertainment venues – and we are so excited to be welcoming
them back," said Ellis Jacob,
President and CEO, Cineplex. "In the past two years, we have seen
that when operating restrictions are lifted, our guests and
customers quickly return across all of our business lines. With
significant mandates in place in January
2022, we only achieved 22 per cent of box office revenues
when compared to the same month in 2019. As restrictions relaxed,
however, we saw the same metric increase to 60 per cent in
February 2022 and 70 per cent in
March 2022."
"As we look forward, we are encouraged by the strong content
supply for the remainder of 2022 and beyond," Jacob continued.
"This past weekend we welcomed back our guests with the highly
anticipated release of Fantastic Beasts: The Secrets of
Dumbledore, and saw our weekend box office revenues exceed 2019
levels. The pre-sales for Doctor Strange in the Multiverse of
Madness, releasing on May 6,
2022, have been very strong so far. In fact, the title has
generated our fourth highest total amount for pre-sales ever, in
its first twenty-four hours of advance ticketing on Cineplex.com.
Our team is happy to have our guests back and doing what we do
best, entertaining Canadians."
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 joint venture partner in Scene+,
Canada's largest entertainment
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