Canada's Cineplex reported a $178.4 million loss in the first quarter after the global COVID-19 crisis shuttered its theaters and out-of-home entertainment venues since March.
During the latest quarter, the Canadian exhibitor posted a non-cash impairment charge of $173.1 million related to goodwill, right-of-use assets and property and leasehold charges.
Overall revenues at Cineplex were down 22.4 percent to $282.8 million. First quarter box office revenues fell 29 percent to $111 million. "As of today, we are in the early days of our reopening process.
While it is impossible to predict how long this crisis will last and how significant the impact will be on our business, we know guests miss the magic of the big screen and sound, and have a.
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