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Cineplex Inc
Symbol C : CGX
Shares Issued 63,332,946
Close 2018-12-05 C$ 24.97
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Cineplex plans theatre at Calgary's University District

2018-12-06 11:33 ET - News Release

Mr. Ellis Jacob reports

CINEPLEX ANNOUNCES PLANS FOR NEW VIP CINEMAS THEATRE IN CALGARY'S UNIVERSITY DISTRICT

Cineplex Inc., in partnership with West Campus Development Trust, plans to open a stand-alone, adult-only VIP Cinemas theatre in Calgary's University District. Scheduled to open in late 2021, Cineplex VIP Cinemas University District will be one of only two Cineplex theatres in the country dedicated exclusively to adult moviegoers, with five specially designed auditoriums and a fully licensed lounge.

"We are excited to be part of Calgary's new development project as we continue to introduce tailored entertainment experiences in communities across the country," said Ellis Jacob, president and chief executive officer of Cineplex. "VIP Cinemas is movie-going made for adults and our new theatre will be the perfect destination for Calgarians to socialize with friends and relax in a luxurious and refined setting designed just for them."

Exclusive to Cineplex, VIP Cinemas is a premium entertainment experience where adult moviegoers can relax in luxury recliners and have their food and beverage orders delivered right to their seats. Guests can indulge in traditional concessions, including Cineplex's famous popcorn, or choose from an expanded food and beverage menu that features fresh salads and bowls, burgers, artisanal pizzas, indulgent desserts and a wide selection of handcrafted cocktails, wines and premium craft beers. In addition to five VIP Cinemas auditoriums, Cineplex VIP Cinemas University District will also include a fully licensed lounge where guests can socialize with friends and enjoy food and drink before or after a movie.

"Our innovative and dynamic University District is creating a bold new vision for urban city life and the addition of Cineplex VIP Cinemas will add yet another layer of lifestyle amenities that are shaping this growing community," said James Robertson, president and chief executive officer of West Campus Development. "As one of Canada's leading entertainment companies, Cineplex is changing the entertainment landscape for Canadians and shares our commitment to delivering innovative and premium experiences. Once complete, the new theatre will be a short walk from many of our community's residences and easily accessible by transit or bike."

Cineplex VIP Cinemas University District is part of Calgary's new community development project that combines residential, retail and office space with innovative shopping, dining and entertainment experiences. The new, 21,000-square-foot complex is scheduled to open in late 2021 at the intersection of University Avenue and 39th Street Northwest.

Cineplex currently operates 164 theatres across Canada, including eight theatres and one VIP Cinemas in Calgary. The company opened Calgary's first VIP Cinemas at Cineplex Cinemas Seton and VIP earlier this year, which has been a popular option for guests looking for unique new ways to enjoy a night out with friends. Cineplex also operates a Deerfoot, Calgary, location of The Rec Room, Canada's premiere eats and entertainment destination that brings together incredible dining, amusement gaming, technology and live entertainment experiences all under one roof.

About Cineplex Inc.

A leading entertainment and media company, Cineplex is a top-tier Canadian brand that operates in the film entertainment and content, amusement and leisure, and media sectors.

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