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Apr 6, 2021 · With 165 theatres and a commanding 75 percent domestic market share, Cineplex saw immense success throughout the 2000s and early 2010s, with its share price nearly quadrupling between 2009 and 2017. Yet in recent years, the company has seen a rapid deterioration of its value proposition, profitability, and solvency.
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Dec 22, 2023 · Shares of Cineplex (TSX:CGX) have trailed the broader markets significantly in the last four years. The Canadian cinema giant was decimated amid COVID-19 due to lockdowns and a massive slowdown in movie production. CGX stock fell from $34 in December 2019 to $4.63 in October 2020 and is currently priced at $8.18.
PAST EVENTS. Q3 2024 Earnings Release and Webcast. Wed. November 6, 2024 at 10:00am ET. Replay. View Presentations. Cineplex Inc. (TSX:CGX) is a leading media and entertainment company. As Canada’s largest and most innovative exhibitor, it welcomes millions of guests through its circuit of over 170 cinemas and location-based entertainment venues.
Nov 6, 2024 · Cineplex is a leading Canadian company that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. It offers a unique escape through its theatres and entertainment venues, and is a joint venture partner in Scene+, Canada’s largest entertainment loyalty program. It also runs successful businesses in digital ...
Oct 10, 2020 · Cineplex has acknowledged that it is uncertain whether the firm can survive the pandemic. The firm’s stock, which dipped below $5 this week, has lost 91 per cent of its value in the past three ...
Sep 5, 2022 · Furthermore, Cineplex is still expecting to receive a significant payment for damages of the cancelled takeover attempt from Cineworld, which could be up to $1.2 billion. However, there are increasing reports of a potential bankruptcy from Cineworld, which would limit any payments made to Cineplex and have also recently weighed on the stock.
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Aug 29, 2017 · The movie and popcorn business is old, and it?s really difficult to grow in an industry that I believe may be going the way of the drive-in theatre. Aside from the rise of the ?stay-at-home? economy, another reason why Cineplex may continue to go down is that I?ve found that the customer experience for non-VIP members has gone down significantly over the past few years.