Cineplex box office revenue near pre-COVID

TORONTO –

Cineplex says its June box office revenue was $56 million, representing 98 percent of box office revenue for the same period in 2019.

President and CEO Ellis Jacob says in a press release that the second quarter marks the first post-pandemic period in which the film industry saw improved film supply.

He says the company is confident as it waits for an exciting July release schedule that will include Barbie, Oppenheimer and the next Mission: Impossible movie.

The movie theater company says its combined box office and theater foodservice revenues surpassed June 2019 results.

For the second quarter, box office revenue was about 87 percent from the same period in 2019, and combined revenue was 92 percent from four years ago.

The company’s first-quarter results, released in May, saw its loss narrow to $30.2 million as it continues to recover from pandemic shutdowns.

This report from The Canadian Press was first published on July 10, 2023.