The head of Cineplex Inc. is doubling down on video arcades as he looks to top up revenues amid the unsteady return of audiences to theatres.
"Given the success of our LBE business, we believe there is an opportunity to grow to 30 locations across Canada," he told analysts on a conference call Thursday. The company's bet on movie-adjacent entertainment venues comes despite its recent sale of arcade game distributor Player One Amusement Group.
"When the content is there, guests want to come back and they want to have that experience. We saw that with Barbenheimer in the summer of last year," he said. Dune director Denis Villeneuve held a press tour event in his home province of Quebec in February for the sequel film's Canadian premiere.
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Cineplex banks on arcades as industry box office sales sagThe head of Cineplex Inc. is doubling down on arcades as he looks to top up revenues amid the unsteady return of audiences to theatres. Box office revenue at the country's largest cinema owner rose one per cent year over year to $125.
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Eau Claire Market movie theatre closes downMovie fans gathered at the Eau Claire Market Cineplex for its final showings this weekend.
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Cineplex reports Q1 profit as sale of arcade game business boosts resultsTORONTO — Cineplex Inc. reported a profit in its latest quarter compared with a loss a year ago as its results were boosted by the sale of its arcade game...
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Cineplex reports Q1 profit as sale of arcade game business boosts resultsTORONTO — Cineplex Inc. reported a profit in its latest quarter compared with a loss a year ago as its results were boosted by the sale of its arcade game business. The movie theatre company says it earned $5.
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