Canadian movie theater giant Cineplex reports revenue slowdown despite box office rebound, as it faces a hefty fine for deceptive marketing practices.
beat sheet
Cineplex's Q3 revenues were down 4.6% year-over-year, despite exceeding 2019 levels, as the company swung to a $24.7 million net loss due to a $39.2 million fine for misleading ticket pricing.
Cineplex CEO Ellis Jacob sees a promising 2025 lineup, with Amazon committing to release around 10 movies in theaters next year, and Apple testing the waters with a one-week theatrical run for 'Wolfs' before streaming.
call sheet
Ellis Jacob, Cineplex, Amazon, Apple, Barbie, Oppenheimer, Mission Impossible: Dead Reckoning, Inside Out 2, Deadpool & Wolverine, Beetlejuice Beetlejuice, Wolfs