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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

Comment by Schussing56on Aug 11, 2023 7:56am
156 Views
Post# 35583371

RE:Results.

RE:Results.Same challenges as movie theatre companies have been experiencing for the last several years. People just aren't going to the movies as much anymore because they can sit at home and watch all the movies they want on Netflix. Cineplex also has an ongoing billion dollar lawsuit with Cinefile. If Cinefile ever pays that could result in a big jump in Cineplex's share price. Also, the Hollywood writer's strike isn't helping. Seems like the billionaire owners have dug in their heels. It's cheaper to use CGI and artificial intelligence than to hire real actors and writers so, the situation has come to a head. The two sides are so far apart that it could take months for any meaningful negotiation. There may not be any new movies coming out until Christmas!
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