The Globe and Mail reports in its Tuesday edition that Cineplex posted record revenues in the summer. The Globe's Andrew Willis writes that this year's boffo box-office numbers paper over the headwinds facing Cineplex and virtually every traditional media company. They are losing the battle for audience to services such as Netflix, Amazon Prime Video and Disney+. Cineplex has been selling divisions to pay down debt, returning the company to its roots as a theatre chain. Three years ago, Cineplex exited e-gaming. In November, Cineplex sold its arcade game business, Player One Amusement Group, to private equity firm OpenGate Capital Management for $155-million. Strengthening Cineplex's balance sheet when interest rates are soaring makes sense for investors. The moves also make the company far more attractive to potential buyers. In media and banking circles, there is widespread speculation chief executive officer Ellis Jacob's ultimate goal is a successful sequel to Cineplex's takeover flop four years ago. It has been reported that Cineplex has held talks with potential buyers of its digital media unit. It has also been reported that Kinepolis Group has weighed making an offer for Cineplex, but has backed off.