Cineworld plans to file its reorganization plan by Oct. 31, an attorney for the giant chain said today at a hearing. It also won’t be forced to state its case in a Canadian appeals court next month for reneging on a merger agreement with Cineplex. Judge Marvin Isgur of the Southern District of Texas, who
Cineplex
Canada’s No. 1 movie theater chain, Cineplex, has pink slipped close to 5K part-time workers given Ontario’s recent decision to close cinemas amid the Omicron surge. Cineplex closed their theaters in the Canadian province, effective today. “Because of the mandated closures of our theatre and entertainment venues across Ontario, we made the tough but necessary
AMC Entertainment CEO Adam Aron said a Canadian court ruling requiring its biggest rival to pay a hefty fine is an “opportunity,” leaving Wall Street and AMC’s own legion of retail investors wondering what he meant. Last summer, in the midst of the pandemic, Cineworld, the UK-based parent of Regal Cinemas, scrapped a deal to
Finally a breakthrough in the Great White North: Theaters in Ontario, which reps as much as 40% of Canada’s box office, are allowed to reopen on July 16 after several months of Covid lockdown, and just in time for the second weekend of Disney’s Black Widow. That includes Canada’s No. 1 chain, Cineplex, of course, in
EXCLUSIVE: The No. 3 U.S. exhibitor Cinemark will not be playing Raya and the Last Dragon this coming weekend as Disney makes the title available both in theaters and as a $30 purchase on Disney+ on March 5. As the major studios experiment widely with theatrical windows during the pandemic, Raya is a clear case that not all
Canadian largest exhibition chain Cineplex on Monday said it is working toward reopening six theaters in Alberta on June 26, the first step in a plan to “reopen as many of its locations as it can” on July 3. Cineplex has 165 cinemas and 1,695 screens, which accounts for about 75% of the country’s market
U.K. exhibition giant Cineworld is backing out of a deal to acquire Cineplex of Canada claiming the company has both breached the deal terms and experienced an unspecified “material adverse effect” that has caused Cineworld to pull out. In a tortuously worded press release late Friday, Cineworld — the owner of U.S. chain Regal –indicated