Cineplex lowers ticket prices for '80 For Brady' but CEO says it's an 'experiment'

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Entertainment Entertainment Headlines News

Entertainment Entertainment Latest News,Entertainment Entertainment Headlines

Revenue totalled $350.1 million, up from $300 million a year earlier, says the movie theatre company

TORONTO — The head of Cineplex Inc. says he's open to more experiments with ticket prices after charging less to see "80 For Brady" at its movie theatres proved a success on the opening weekend.

The movie stars Jane Fonda, Lily Tomlin and football quarterback Tom Brady, and is squarely aimed at older audiences, who've been reluctant to return to cinemas since the start of the pandemic. The company reported a profit of $10.2 million or 16 cents per diluted share in the period that ended Dec. 31, 2022, compared with a loss of $21.8 million or 34 cents per diluted share a year earlier.Theatre attendance totalled 9.2 million customers, down from 10.2 million in the fourth quarter of 2021.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in ENTERTAİNMENT

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines