2023 Marked Cineplex's Biggest Year for
International Programming
TORONTO, Jan. 11,
2024 /CNW/ - (TSX: CGX) – Cineplex, a leading
entertainment and media company, reported box office revenues of
$52 million for December 2023 and outperformed the North American
box office performance relative to 2019, by 160 basis points.
Leading film performances for the month included family film,
Wonka, Bollywood title, Animal, which was Cineplex's
highest grossing international film ever with 42% of North American
market share, and action sequel, Aquaman and the Lost
Kingdom, where an impressive 87% of its box office revenues
came from premium experiences.
Fourth quarter box office revenues of $124 million represented 68% of box office
revenues for the same period in 2019. TAYLOR SWIFT | THE ERAS TOUR theatrical
concert film took home the top spot in the quarter, followed by
Five Nights at Freddy's and Hunger Games: The Ballad of
Songbirds and Snakes, distributed by Cineplex Pictures.
The Company's rich consumer data analytics and strong
distributor relationships saw international content make a record
contribution to Cineplex's 2023 box office performance, marking
Cineplex's biggest year for international programming, delivering
10% of Cineplex's annual box office revenues.
"It's been a record year for Cineplex's international
programming. As part of our content broadening strategy,
international content helped alleviate short-term supply challenges
resulting from the now resolved actors' and writers' strikes," said
Ellis Jacob, President and CEO,
Cineplex. "The start of 2024 is bringing with it the
much-anticipated Dune: Part Two, Ghostbusters: Frozen
Empire, Bob Marley: One Love, pop-culture movie favourite,
turned musical, Mean Girls and international film,
Fighter."
|
Period
|
2019 Box Office
(i)
|
2023 Box Office
(i)
|
2023 as a Percentage
of 2019
|
|
October
|
$54,528
|
$37,354
|
69 %
|
|
November
|
$52,314
|
$34,640
|
66 %
|
|
December
|
$74,946
|
$51,847
|
69 %
|
|
Total
|
$181,788
|
$123,841
|
68 %
|
|
(i) Balances are in
thousands of dollars.
|
About Cineplex
Cineplex (TSX:CGX) 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
& 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.com), alternative programming (Cineplex Events),
motion picture distribution (Cineplex Pictures), cinema media
(Cineplex Media), digital place-based media (Cineplex Digital
Media) and amusement solutions (Player One Amusement Group).
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
and the United States. To learn
more, visit Cineplex.com.
For more information, contact:
Investors:
Mahsa Rejali
Vice President, Corporate Development & Investor Relations
Cineplex
InvestorRelations@cineplex.com
Media:
Michelle Saba
Vice President, Communications
Cineplex
PressRoom@cineplex.com
Caution Regarding Forward-Looking
Statements:
Certain statements in this news release may contain
forward-looking information (identified by words such as "will",
"anticipates", "expects", "intends" and similar expressions
suggesting future events or future performance). Such
forward-looking information is based on expectations and
assumptions made by Cineplex and is subject to risks and
uncertainties which may be beyond Cineplex's control. Readers are
cautioned that undue reliance should not be placed on
forward-looking information as actual results may vary materially
from the forward-looking information. A comprehensive discussion of
risks that may impact Cineplex can be found in Cineplex's public
reports and filings, which are available under the Company's
profile on Sedar+ (www.sedarplus.ca). Cineplex does not undertake
to update, correct or revise any forward-looking information as a
result of any new information, future events or otherwise, except
as may be required by applicable law.
SOURCE Cineplex