Cineplex CEO says movie exhibitor will be 'agile' in face of Hollywood uncertainty

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Cineplex Inc. CEO Ellis Jacob says the country's largest movie theatre chain is prepared to be 'agile and nimble' as film exhibitors face historic unpredictability during the pandemic.

TORONTO -- Cineplex Inc. CEO Ellis Jacob says the country's largest movie theatre chain is prepared to be "agile and nimble" as film exhibitors face historic unpredictability during the pandemic.

The sudden government decision, which affected key markets in Toronto, Ottawa and Peel Region, was a blow to Cineplex's plan to host the annual meeting in-person at one of its Toronto theatres, a symbolic gesture of confidence in its business model. "We are definitely disappointed with the government's decision to close our theatres, particularly because we know how hard our local theatre teams have worked since our reopening to keep movie lovers safe across the province and the country," Jacob said.

 

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If the large theatres need to shut down, please open up popcorn drive-thru's every couple blocks.

Soon as I get the shot I’m going to two movies a week.

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