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Cineplex saw 91 per cent fewer moviegoers this summer, sales drop 85 per cent
BY , Nov 13, 2020 5:29 PM - REPORT AN ERROR
Cineplex Odeon Theater at Dundas Square in Toronto on Monday December 16, 2019. THE CANADIAN PRESS/Aaron Vincent Elkaim
Cineplex is reporting a 91 per cent drop in customers in its third quarter.
Only 1.6 million people went to see a movie after Cineplex re-opened countrywide with limited showtimes and seating on August 21st, down from 17.5 million last summer.
The Toronto-based theatre chain posted a third quarter net loss of 121.2 million dollars, down from a profit of 13.4 million a year ago.
The company says it had revenue of $61 million in the three months ending Sept. 30, down from $418.4 million during the same period in 2019.
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