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Cineplex Inc
Symbol CGX
Shares Issued 63,684,281
Close 2024-07-10 C$ 8.50
Market Cap C$ 541,316,389
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Cineplex's June box office revenues at $51.4-million

2024-07-11 14:45 ET - News Release

Mr. Ellis Jacob reports

CINEPLEX REPORTS STRONG JUNE 2024 BOX OFFICE RESULTS

Cineplex Inc. had box office revenues of $51.4-million for June, 2024, representing 92 per cent of the same month in 2023 and 90 per cent of 2019.

Inside Out 2 has led the start of the summer blockbuster season on a high note, reaching over $1-billion at the global box office since its release and earning a spot as one of the highest-grossing animated films of all time. Other strong contributors last month included Bad Boys: Ride or Die, The Garfield Movie and A Quiet Place: Day One (which was released closer to the end of the month). A Quiet Place: Day One generated 76 per cent of its box office from Cineplex's premium experiences.

International content remains a strong contributor to Cineplex box office revenues, capturing 11.15 per cent of the box office year to date compared with North American peers at 4.79 per cent. So far, the top three international films for the year are Fighter, Jatt & Juliet 3, and Shinda Shinda No Papa.

"The box office is heating up as summer moviegoing has officially begun with Inside Out 2 starting things off," said Ellis Jacob, president and chief executive officer of Cineplex. "As expected, we felt the prolonged impact of the Hollywood strikes and the disruptions in content supply in the first half of the year, but these impacts are now behind us and we feel confident about a steady content supply going forward. We are excited about highly anticipated titles in July, including Despicable Me 4, which had a strong opening, and Deadpool & Wolverine, which saw presales hitting record numbers and is expected to be one of the highest-grossing films for the summer."

About Cineplex Inc.

Cineplex is a top-tier Canadian brand that operates in the film entertainment and content, amusement and leisure, and media sectors. Cineplex offers a unique escape from the everyday to millions of guests through its circuit of over 170 movie theatres and location-based entertainment venues. In addition to being Canada's largest and most innovative film exhibitor, the company operates Canada's favourite destination for eats and entertainment (The Rec Room), complexes specially designed for teens and families (Playdium), and a newly launched entertainment concept that brings movies, amusement gaming, dining and live performances together under one roof (Cineplex Junxion). It also operates successful businesses in digital commerce (CineplexStore website), alternative programming (Cineplex Events), motion picture distribution (Cineplex Pictures), cinema media (Cineplex Media) and digital place-based media (Cineplex Digital Media). Providing even more value for its guests, Cineplex is a partner in Scene+, Canada's largest entertainment and lifestyle loyalty program.

Proudly recognized as having one of the country's most admired corporate cultures, Cineplex employs over 10,000 people in its offices and venues across Canada.

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