With theaters shuttered for nearly the entire second quarter amid the coronavirus pandemic, Cineplex has posted a revenue collapse and swung to a loss on Friday.
The Canadian exhibition giant for the three months ending June 30 recorded a loss of CAN$98.9 million ($74.2 million), compared to a year-earlier profit of $19.4 million.
Cineplex saw revenues fall 95 percent to CAN$22 million (US$16.6 million), against a year-earlier $438.9 million, as it reopened six theaters on June 15 with reduced capacity and ticket pricing near the end of the second quarter.
The release of the Canadian exhibitor's latest financial results, which details the unfolding impact of the pandemic on its balance sheet, came as Cineplex this weekend begins showing.
Read more on hollywoodreporter.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.