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Cineplex Inc T.CGX

Alternate Symbol(s):  T.CGX.DB.B | CPXGF

Cineplex Inc. is a Canadian brand that operates in the film entertainment and content, amusement and leisure, and media sectors. The Company's segments include Film Entertainment and Content, Media, and Location-Based Entertainment. It offers over 170 movie theatres and location-based entertainment venues. In addition to being a film exhibitor, the Company operates Canada's destination for Eats & Entertainment (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion). It also operates businesses in digital commerce (CineplexStore.com), alternative programming (Cineplex Events), motion picture distribution (Cineplex Pictures), cinema media (Cineplex Media) and digital place-based media (Cineplex Digital Media). The Company is a partner in Scene+, Canada's entertainment and lifestyle loyalty program.


TSX:CGX - Post by User

Bullboard Posts
Comment by TimeScapeon Apr 07, 2020 4:15pm
233 Views
Post# 30887966

RE:RE:RE:Just came out

RE:RE:RE:Just came outInteresting discussion about the deal on BNN today.  They referred to 2 analysts, one of whom said 0% chance the deal goes through the other said 10%.  The big issue is Cineplex's debt.  If it reaches $750 million, Cineworld has an out with no penalty.  Cineplex has little revenue now, and lots of expenses, so the debt is climbing.  Apparently they are doing everything they possibly can do, to try to keep from hitting that debt ceiling, including looking for rent forgiveness.  One analyst says they will hit that level of debt in June, the other said May.  I'm sure that is what Cineworld is referring to when they say they are monitoring it.  Once CGX's debt hits that $750 million, they will be gone, with a big sigh of relief.
Bullboard Posts