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Cineplex Inc
Symbol CGX
Shares Issued 63,684,281
Close 2024-07-23 C$ 8.93
Market Cap C$ 568,700,629
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Cineplex, CJ 4Dplex to open ScreenX theatres in Canada

2024-07-23 16:39 ET - News Release

Mr. Don Savant of CJ 4Dplex reports

CJ 4DPLEX AND CINEPLEX TO OPEN THREE NEW 270-DEGREE PANORAMIC SCREENX AUDITORIUMS IN CANADA

CJ 4Dplex, the world's leading producer of premium film formats and cinema technologies, and Cineplex Inc. will open three new ScreenX theatres will open this year throughout Canada. The addition of these new locations will bring the total number of Cineplex's ScreenX auditoriums to 20, solidifying the company's position as the leader in this innovative format in Canada. The newest ScreenX auditorium will open at Cineplex Cinemas Coquitlam and VIP in the fall, with the other two locations to be announced.

ScreenX is a revolutionary, multiprojection system that offers a 270-degree viewing experience by expanding the screen image onto the side walls of the theatre. This groundbreaking format allows moviegoers to be fully immersed in the action, creating a unique and unforgettable experience. Some of the Cineplex ScreenX theatres are combined with UltraAVX, Cineplex's upgraded theatre experience that delivers superior picture quality with dynamic surround sound, offering an ultrapremium viewing environment that consistently impresses audiences.

"Since the introduction of Cineplex's first ScreenX theatre in December, 2018, our revolutionary and differentiated format has proven to be a high performer in Canada," stated Don Savant, chief executive officer and president, CJ 4Dplex Americas. "We are excited to continue to redefine cinematic entertainment side by side with Cineplex.

"We are excited to expand our ScreenX experience, continuing our ongoing commitment to innovation by offering a wide variety of premium experiences for moviegoers to experience memorable, shared moments with family and friends in larger-than-life formats," said Kevin Watts, executive vice-president, exhibition and LBE (location-based entertainment), Cineplex.

In addition to the growth of ScreenX, Cineplex also offers CJ 4Dplex's multisensory 4DX theatres. The first 4DX auditorium was opened at Cineplex Cinemas Yonge-Dundas and VIP in November, 2016. Cineplex now operates a total of seven 4DX locations. 4DX incorporates more than 21 different effects, including motion, vibration, water, wind, snow, lightning, scents and other special effects synchronized with the on-screen action.

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 nearly 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 an 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.com), 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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