Black PantherThis result is way above Disney's expectations, and considering revenue sharing agreements with cinema partners are established in advance, this means Cineplex will benefit even more. This increases profits short term, growth investments, and long term success for shareholders.
" Black Panther earned $108 million on its second Fri-Sun frame, a drop of just 46% from last weekend’s record-crushing $202m Fri-Sun opening. In terms of raw dollars, it is the second-biggest second weekend gross of all time between Universal/Comast Corp.'s Jurassic World ($106.5m) and Lucasfilm's The Force Awakens ($149m). "
Considering CGX is almost a monopoly in Canada, diversifying into new segments is a great growth vector for them because it allows to optimise their massive insfrastructure. And contrary to what people think, Jacob can get very good margins getting in new businesses . Eventually, I see them expanding a big portion of their revenues outside Canada, especially with the fast growing e-sports industry.