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Bullboard - Stock Discussion Forum Cineplex Inc T.CGX

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

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... see more

TSX:CGX - Post Discussion

Cineplex Inc > Box office success with theater only release
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Post by Therealfox on Sep 06, 2021 11:29am

Box office success with theater only release

Current trends are showing that movies released exclusively to theater perform much stronger financially then the hybrid streaming/theaters. Two most recent movies being free guy and shang chi both smashing box office projections. . I predict other studios will follow as all the movies that have been hybrid release have shown lack luster in sales. Studios will always go where the money is. This combined with the vaccine passport will allow a steady recovery to theaters. The recovery process will take sometime i don't expect to see 20$ till 2022
Comment by Schussing56 on Sep 07, 2021 12:16pm
Picked up a few shares at $11.25.  They were up over $16 a few weeks ago but I was hoping for $18.  Some feel, going to the cinema is a dead industry as, most people are watching at home on Netflix these days, and stars like Scarlett Johansson are suing the industry because their salaries have dropped significantly due to lost box office revenues.
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