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Cineplex Inc
Symbol CGX
Shares Issued 63,333,238
Close 2020-03-16 C$ 9.33
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Globe says Cineplex has reduced its theatre capacity

2020-03-16 07:25 ET - In the News

The Globe and Mail reports in its Saturday, March 14, edition that while many entertainment businesses have shut their doors for now, including sports leagues and cultural organizations such as the National Ballet of Canada, many movie theatres are staying open, for now. The Globe's Susan Krashinsky Robertson writes that the chains say they are also cleaning more often and are limiting capacity in their theatres to allow people to keep their distance. On Friday, Landmark Cinemas Canada was working to change its on-line ticketing system to block off every other seat, and Guzzo Cinemas cut the maximum capacity in each auditorium by half, and said that no more than 200 people would be allowed in the same place. Doors, railings and other high-touch areas will be sanitized after every screening, it confirmed. Cineplex also reduced its theatre capacity. In an e-mail, spokesman Sarah Van Lange said that theatres will be open as long as attendance numbers indicate that people "feel safe and comfortable" there, and that the company has communicated to employees that they will not be penalized if they decide to stay home. She said theatres would close if directed to do so by government. She anticipates slower sales.

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