08:15:47 EDT Mon 13 May 2024
Enter Symbol
or Name
USA
CA



Cineplex Inc
Symbol CGX
Shares Issued 63,684,281
Close 2024-02-29 C$ 7.91
Market Cap C$ 503,742,663
Recent Sedar Documents

FP/CP say Cineplex denies it engaged in "drip pricing"

2024-03-01 09:12 ET - In the News

The Financial Post reports in its Friday, March 1, edition that the Competition Tribunal is hearing a second day of arguments in a case that could decide whether Cineplex can keep charging customers an extra fee for buying movie tickets on-line. A Canadian Press dispatch to the Post reports that the competition commissioner argued Wednesday the $1.50 fee for on-line purchases amounts to harmful "drip pricing," known as a junk fee, saying customers have no choice but to pay the fee, and buying tickets in person at the movie theatre is not a reasonable alternative. Cineplex says people can completely avoid the on-line booking fee if they want, and half of all customers choose to buy at the theatre. It also argues the full price of the ticket, including the on-line booking fee, is displayed "prominently" and immediately left of the "proceed" button customers must click to buy their tickets. The competition commissioner says the fees are deceptive because moviegoers do not see the full price of a movie ticket on the very first page when buying tickets. Cineplex has made almost $40-million from the fees since it implemented them in mid-2022.

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