Ticket prices include P55 for a 2D movie and P80 for a 3D movie.

To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. TORONTO — Executives at Cineplex Inc. are asking the Ontario government to loosen restrictions over how many people can occupy its cinemas at a single time.
More. Cineplex has faced a number of hurdles in recent months as it contended with a full closure of its theatres amid the COVID-19 pandemic. Ross McKitrick: If carbon taxes work, why all the new regulations? Column: Raiders on notice for shoddy COVID-19 compliance, Inside Out LGBT Film Festival: ‘No Hard Feelings’, ‘No Ordinary Man’ Among Juried Winners, Protect Your Teeth From Tartar Stains With This Dentist's Hygiene Tips, 7 Places In Edmonton With All-You-Can Eat Menus For Anyone Who's Hungry & Broke, Jaguar XF Sportbrake discontinued in US for 2021, Outage at Bell facility in Ontario knocks channels off air from Winnipeg east, Biden aims to expand map as Trump recovers from coronavirus, Why now is a good time to have a few hundred engineers on staff, Injuries, losses keep piling up for winless Falcons, LL Cool J Slams Kanye West For Urinating On Grammy, Invites Him To Do The Same ‘On A Yeezy’, Hilariously Perfect Costumes For Kids And Pets, Yes, You Can Be Pro-Abortion & Still Grieve A Miscarriage, Radish seeds, meats and cheeses launched to space station, Latest Bond, Fast and Furious Movies Postponed...Again, Youth facing murder charge after assault on 13-year-old girl in Edmonton, Orphaned Canadian girl finally on way to Canada from Syrian camp, Singapore's Temasek establishes new asset manager overseeing $55 billion, New Zealand ATP, WTA tournaments in January both cancelled, Prince William Says Kate Middleton and 'Cheeky' Princess Charlotte Have Mastered the Floss Dance, Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article, Turn Your Old Computer To Like New Again - Blazing Fast, Diagnose Car Problems Using Your Smartphone And This Simple Device. Find out more about how we use your information in our Privacy Policy and Cookie Policy. “We also shifted our attention to plan for the safe return of our employees and guests and to strengthen Cineplex’s financial position over the short and long term.”. Jennifer Lawrence and Husband Cooke Maroney Wear Matching Masks While Out to Lunch in N.Y.C. Ticket Prices. More. Many of those theatres are showing older titles, such as "Jurassic Park" and "The Goonies," or more recent films released before the shutdown, including "Emma" and "The Invisible Man.". Cineplex said in June it was working with lenders on a deal to relax financial covenants after London-based Cineworld Group Plc, the world’s second-largest cinema group, scrapped its deal to take over the Canadian chain, alleging breach of contract.

The Toronto-based company said it’s “implementing a number of pricing and marketing strategies to entice its guests to return.” Jacob said in an interview with Bloomberg News on Friday that customers “are starved for content, and they can’t wait to come back.”. Landmark Cinemas and Imagine Cinemas, two other chains that operate a number of multiplexes, have kept their theatres shut in the province as well. Like us on Facebook to see similar stories, COVID-19 testing by appointment and new baby panda: In The News for Oct. 6, Greece says onus on Turkey to ease tensions, 'Work from work:' How a U.S. energy firm’s office return left some employees bruised, Lakers vs. Heat: Three keys to watch in Game 4 of the NBA Finals. Cinema advertising gets the audiences undivided attention. In Nova Scotia, movie theatres can operate at 50 per cent of the auditorium's capacity for up to 200 people with physical distancing in effect, while Saskatchewan movie screens are capped at 30 per cent.

The merger would have created the biggest operator of movie theaters in North America. This report by The Canadian Press was first published July 22, 2020. Yes . Cineplex denied the claim and has filed a suit against Cineworld, seeking billions in damages. The information you requested is not available at this time, please check back again soon. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. “While it is impossible to predict how long this crisis will last and how significant the impact will be on our business, Cineplex will continue to take the necessary steps to strengthen the financial position of our company and ensure a healthy future,” Jacob said. Note to readers: This is a corrected story. The company was originally set to be purchased by Cineworld Group PLC for $2.8 billion earlier this year, but the U.K.-based chain walked away from the agreement because of alleged material adverse effects — or unforeseen circumstances that affected the value of the deal — and breaches of contract. ESG ratings on companies, countries and green bonds provide investors with the in-depth insight to effectively incorporate sustainability in their investment decision. Yahoo is part of Verizon Media. "The combination of the number of people that we are seeing come now, along with the wage subsidy program, certainly makes this sustainable for us, at least for the next couple of months," McGrath said. McGrath says the existing capacity rules don't make economic sense for the chain. The shares rose as much as 6.6 per cent as of 12:41 p.m. in Toronto on Friday, the biggest intraday gain in about a month.

"As long as we keep getting a few — even if they're smaller films — coming in, new films along with the catalogue product, we're able to sustain that and operate profitably.". Last week, Cineplex laid off more than 130 employees as it looks towards an uncertain slate of movie releases in the coming months.

See MAJOR CINEPLEX -FGN- BA 1 (MJG1.F) Environment, Social and Governance Ratings to help you in your stock buying decisions. That was consistent with analysts’ expectations, according to Royal Bank of Canada analyst Drew McReynolds.

Some single-screen, independent theatres have reopened in Ontario over the past week, including cinemas in Kingston and Waterloo. “To immediately mitigate the impact of the closure of our theaters and entertainment venues, we focused on reducing all expenses to the greatest extent possible,” Chief Executive Officer Ellis Jacob said in a statement. The trial is tentatively set for September 2021. Cineplex said in June it was working with lenders on a deal to relax financial covenants after London-based Cineworld Group Plc, the world’s second-largest cinema group, scrapped its deal to take over the Canadian chain, alleging breach of contract. Ontario's Stage 3 reopening guidelines, introduced last week, cap a movie theatre's occupancy of 50 guests in the building, regardless of how many screens it operates. The company doesn’t expect to see breakeven results in the third quarter, but added it expects 2021 to be a “very strong year” at the box office with the release of highly anticipated titles, such as “Minions: The Rise of Gru.”. 2018 Corporate Social Responsibility Scorecard . MSCI ESG Research is an independent provider of ESG data, reports and ratings based on published methodologies and available to clients on a subscription basis.