Find the latest new movies coming soon to a Cineplex theatre near you. Further, should Cineplex theatres reopen, they would also be limited in terms of new releases. Not to alarm you, but you’re about to miss an important event. TORONTO — Cineplex Inc. says it will not reopen some of its Ontario movie theatres after the province introduced new COVID-19 capacity restrictions. On July 31, Cineplex unveiled its own phased reopening. More locations and theatres will follow suit on July 3. Feb 24, 2021 • February 24, 2021 • 2 minute read • Join the conversation . 1 Cannabis Stock Under $1 with Strong Growth Potential, TFSA Investors: Beware This Huge CRA Tax Bomb, 2 Fantastic Canadian Stocks to Buy in 2021, 4 Canadian Stocks That I Would Never Sell, chaotic conditions and take a regional approach. It will be a long road ahead for theatre companies to challenge the customer traffic of the past. Last month, I’d discussed whether Cineplex (TSX:CGX) was headed toward bankruptcy. Shares of Cineplex, the largest movie theatre operator in Canada, have plunged 76% in 2020 as of close on August 7. Aurora Cannabis Stock: What Caused the Q3 Revenue Declines? Fool contributor Ambrose O'Callaghan has no position in any of the stocks mentioned. Last week, AMC CEO Adam Aron declared that the company had “survived the Corona crisis.” This came after a quarterly report that showed AMC lost over half a billion with a 99% drop in revenue. We’ve Got You Covered with These 3 Free Stock Picks. The movie chain is gearing up to reopen in July. Introducing 5 FP Newsletters: Energy, Economy, Investor, Work and Finance, Financial Post: Introducing 5 Newsletters, Cineplex reopening seven Toronto theatres this Friday. Cineplex Inc. is inching towards a gradual reopening of its Canadian theatres, starting with six locations in Alberta later this month. Cineplex asked the province to reconsider the rule, saying it would lose money by reopening. CORNWALL, Ontario – Cineplex has announced that Cornwall’s Galaxy Theatre will join other cinemas across the province and open this Friday, Feb. 26. LOTTO 6/49 estimated jackpot $6 million 09, 16, 25, 36, 39 & 43 Bonus 49. Movie theatres are now permitted to have 50 people per screening and multiple screenings in one building at one time. The independent movie theatre, which has been closed due to provincial public health restrictions is … Cineplex Cinemas Lansdowne & VIP, Ottawa. There was an error, please provide a valid email address. Show times, trailers, news, movie details, and online ticketing. Posted: Feb 26, 2021 6:00 AM ET | Last Updated: February 26. Sign up to receive daily headline news from the Toronto SUN, a division of Postmedia Network Inc. A welcome email is on its way. Ontario has been in lockdown since Boxing Day, … We’re Motley! Moreover, film production for many top studios is also in limbo. The province’s original stage 3 guidelines allowed for 50 people per building. Will this be enough to give Cineplex a boost in the latter half of 2020? Cineplex Odeon South Keys Cinemas, Ottawa. Cineplex (TSX:CGX) Reopens: Will its Stock Rebound? Christopher Nolan’s $200 million sci-fi thriller Tenet, which was due to be released on July 17, will now be the first big movie of the summer, opening in Canada ahead of the U.S. on Aug. 27. Will this be enough to give Cineplex a boost in the latter half of 2020? Cineplex Cinemas is getting ready to reopen. The Rec Room London at Masonville Mall is also set to … The agreement, valued at $60 million when it was announced in December, reduced Cineplex’s holdings in the Scene program to 33 per cent. Canucks fans line up outside the Rio Theatre in Vancouver, Jan. 23, 2021. The province’s original stage 3 guidelines allowed for 50 people per building. Torstar acquires Cineplex Magazine TORONTO, Ontario (March 31, 2021) – Torstar Corporation announced today it has entered into a long-term partnership with Cineplex whereby Torstar will acquire publishing and exclusive theatre distribution rights of Cineplex … The uphill climb of reopening is not the only issue for movie theatres. Investors should expect to see similarly rough results for Cineplex as its operations were almost entirely shelved during Q2 2020. REOPENING CANADA: Cineplex back with $5 movie screenings, recent favourites. A Cineplex Cinemas movie theatre in Oakville, Ont. These financial statements, presented in Canadian dollars, were prepared in accordance with Canadian … ... until the fourth quarter of 2021. Earlier this month, Sarah Van Lange, executive director of communications for Cineplex, told the Sun that the new experience will see its staff wearing personal protective equipment and that auditorium occupancy will be reduced by 60 to 80% to ensure proper physical distancing, with all seats reserved. As an enthusiast for the cinema, I will be rooting for their rebound. The Cineplex Cinemas in Seton, Calgary allowed to reopen as part of stage two reopening in Alberta Photo by Gavin Young/Postmedia Article content. This will put a low ceiling on a potential comeback. Comments may take up to an hour for moderation before appearing on the site. Galaxy Theatre was closed last year due to the COVID-19 restrictions imposed by the province. In the past few weeks (Feb. 2021), Cineplex has made an announcement to start reopening its theaters. Summer movie season pins hopes on August, but will people come back? All rights reserved. The film exhibitor says a new colour-coded system puts financial strain on cinemas in certain areas, as they will only be allowed to … Today, I want to look at how conditions may change for … The province stipulated that theatres could only allow up to 50 patrons per individual screen. The COVID-19 pandemic forced theatres across North America to close their doors for the entirety of the spring season. Multiple Cineplex locations are opening back up in Ontario this week. LOTTO 6/49 estimated jackpot $6 million 09, 16, 25, 36, 39 & 43 Bonus 49. One stop for all theatre and movie information. Cineplex is reopening 25 of its Ontario theatres, including eight locations in Toronto, on July 31 – the same day Toronto officially moves into Stage 3. Cineplex will not reopen some Ontario movie theatres under new COVID-19 restrictions Cineplex employees serve customers popcorn and other snacks behind a plastic barrier, at a Cineplex … Three months after the national theatre chain shuttered its venues due to coronavirus concerns – and just days after the announcement that British exhibitor Cineworld Group had abandoned its acquisition of the company – Cineplex issued a press release teasing its plans to get back to business. The Nova Scotia and New Brunswick theaters … The year began with a proposed $2.8 billion takeover by British movie chain Cineworld, … Cineplex, one of Canada’s leading entertainment and media companies, announced today that select theatres and entertainment venues across Ontario will reopen this Friday, July 31, 2020. In the past few weeks (Feb. 2021), Cineplex has made an announcement to start reopening its theaters. This began with 25 locations opening on July 31, each adhering to the 50 individuals per screen regulation. The company is taking a phased approach to reopening and anticipates that the majority of its locations will reopen over the next several weeks, including its 43 other theatre locations across Ontario. Cineplex revealed on Wednesday morning that it won't be reopening any of its Ontario theatres this Friday, July 17, when much of the province moves into Stage 3. “From a price-point perspective we’re looking at, any movie, any showtime, any experience will be $5 and then it’s $3 on Tuesday,” Van Lange said. The announcement Tuesday follows a similar plan by Cineplex to reopen in July. OTTAWA -- Cineplex and Landmark Cinemas will remain closed in Ottawa this weekend when the capital moves into the new "Orange" level. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 3 Top Canadian Companies to Buy Now. Movie theatres in Quebec were allowed to reopen on Friday, February 26, 2021, but owners are wondering how long they can operate without selling food and with customers who have to be home by 8 p.m. Published Monday, March 22, 2021 5:21PM MDT Last Updated Wednesday, March 24, 2021 10:54AM MDT We encountered an issue signing you up. With no dividend to speak of, shareholders will be reliant on Cineplex’s capital growth. The film exhibitor says a new colour-coded system puts financial strain on cinemas in certain areas, as they will only be allowed to admit 50 people into the building. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. TORONTO, March 20, 2021 /CNW/ -. The company expects that most its locations will open in the next several weeks. Saturday 20/03/2021. However, I’m not willing to jump in on Cineplex stock right now. Cineplex and other operators argued that this was not financially feasible. ... Air Date: April 17, 2021… SilverCity Sudbury Cinemas, Sudbury. The last few months have likely led to more conversions in this arena. Returns since inception, October 2013. Movies are back at SilverCity Sudbury as of Friday. Cineplex and its 12,000 employees have had a tumultuous 2020. People attend a Cineplex movie cinema after indoor dining restaurants, gyms and cinemas re-open under Phase 3 rules from coronavirus disease (COVID-19) restrictions in Toronto, Ontario, July 31, 2020. Cineplex will be reopening 25 cinemas across Ontario. Cineplex has gradually been reopening its locations over the last few weeks following closures related to the COVID-19 pandemic. Beyond that, the company is waiting for the go … Watch online or look for the Cineplex Store app on your Samsung or LG Smart TV, Roku, Android, iOS, or Xbox One and enjoy movies from anywhere! TORONTO, Ontario (March 31, 2021) – Torstar Corporation announced today it has entered into a long-term partnership with Cineplex whereby Torstar will acquire publishing and exclusive theatre distribution rights of Cineplex Magazine, Canada’s leading entertainment publication. Ontario Premier Doug Ford says health officials are considering Cineplex's proposal to increase the number of people allowed inside multiplex theatres. Cineplex Inc. says it will not reopen some of its Ontario movie theatres after the province introduced new COVID-19 capacity restrictions. Summary. This will include AVX and IMAX showings. Unfortunately, movie theatres were still left in a precarious position. The company believes the return of all of its theatres makes it the first of the world's major film exhibitors to reopen its entire network of locations. Cineplex has announced that select theatres across Southwestern Ontario will reopen this Friday. This advertisement has not loaded yet, but your article continues below. February 10, 2021 The following management’s discussion and analysis (“MD&A”) of Cineplex Inc. (“Cineplex”) financial condition and results of operations should be read together with the consolidated financial statements and related notes of Cineplex (see Section 1, Overview of Cineplex). By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Landmark movie theatres plan to reopen in B.C. SOURCE OLG Winners Ontario, Canada’s most populous province, was the last to reopen theatres to the public. Only core concessions will be available, including popcorn, hot dogs, nachos, fountain pop, candy, and, in theatres that have a liquor license, beer and wine. The Motley Fool owns shares of and recommends Walt Disney and recommends the following options: long January 2021 $60 calls on Walt Disney and short October 2020 $125 calls on Walt Disney. © 2021 Toronto Sun, a division of Postmedia Network Inc. All rights reserved. Cineplex has 62 multiplexes in Ontario. AMC Entertainment, the largest cinema operator in the United States, has faced similar challenges to Cineplex. LOTTO 6/49 … Cineplex Odeon Barrhaven Cinemas, Ottawa. 3 of the Best TSX Stocks to Buy in May 2021, Have $3,000? To entice audiences back, Cineplex will be screening a mix of recent favourites and movie classics, including Jaws, Jurassic Park, Beauty and the Beast, The Invisible Man, Bloodshot and Jumanji: The Next Level. Cineplex has announced its plans to reopen cinemas across Canada starting with six theatres in Alberta on June 26. Cineplex planning to reopen six Alberta theatres this month, others in July David Friend Published Monday, June 15, 2020 6:58AM MDT Last Updated Monday, June 15, 2020 12:40PM MDT “We are excited to welcome our guests back to select Cineplex theatres across the province, as nothing compares to … David Gardner owns shares of Walt Disney. Browse from over 8500 HD movies including the latest releases and earn SCENE points every time you rent or buy. TORONTO — Cineplex Inc. says it will not reopen some of its Ontario movie theatres after the province introduced new COVID-19 capacity restrictions. Cineplex's shares fell $2.33 to close at $11.49 per share on the Toronto Stock Exchange. It is expected that more of its theatres will be allowed to reopen in the coming weeks as Ontario begins to lift restrictions in parts of the province. 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