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Cineplex Inc
Symbol CGX
Shares Issued 63,333,238
Close 2021-02-26 C$ 13.82
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NP/CP say Cineplex opening theatres in Quebec

2021-03-01 08:37 ET - In the News

The National Post reports in its Saturday edition that movie theatres in Quebec were allowed to reopen Friday, but owners are wondering how long they can operate without selling food and with customers who have to be home by 8 p.m. A Canadian Press dispatch to the Post reports that one major theatre owner says the rules make it impossible for him to reopen, while those who welcomed patrons back on Friday say they are not sure the government's plan is sustainable. Quebec Premier Francois Legault said he opened movie theatres to give families something to do during March break week, which begins Monday. However, he ordered theatres in "red" pandemic-alert zones to keep their concession stands closed because he wants moviegoers to keep their masks on throughout the duration of the films. Cineplex vice president Daniel Seguin said Cineplex planned to reopen Friday. "After five months, our goal here is to get the theatres open." However, he said, theatres may not stay open seven days a week after spring break if the 8 p.m. curfew or the ban on concession sales continue. "We'll have to see after spring break what makes business sense," he said. In 2019, about a quarter of Cineplex's revenue came from food sales.

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