financetom
Business
financetom
/
Business
/
Cineplex May Box Office Revenue Down by Almost 30% to $33.9 Million
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Cineplex May Box Office Revenue Down by Almost 30% to $33.9 Million
Jun 14, 2024 4:04 AM

06:32 AM EDT, 06/14/2024 (MT Newswires) -- Cineplex (CGX.TO) on Thursday reported box office revenue of $33.9 million for May, almost 30% lower than the same month in 2023.

Year-to-date, Cineplex said it continues to outperform the North American box office as compared with 2019 by 4.8%. The company reported box office revenue of $47.5 million in May 2023 and $68.7 million in May 2019.

The box office results in May were led by Kingdom of the Planet of the Apes, The Fall Guy, Furiosa: A Mad Max Saga, and IF, which together accounted for 59% of the month's box office revenue.

"Looking ahead, the summer box office is starting to warm up with Deadpool & Wolverine reaching $1 million in pre-sales at Cineplex, in advance of its July 26th opening, outperforming Deadpool and Deadpool 2's pre-sales," Ellis Jacob, president and CEO at Cineplex, said. "There is something for everyone with Bad Boys: Ride or Die, Inside Out 2, A Quiet Place: Day One, Despicable Me 4, Twisters and Alien: Romulus. With the remnants of the strikes behind us, we look to a stronger box office for the second half of 2024."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Carnival Closes $2 Billion Debt Offering, Redeems 2028 Notes
Carnival Closes $2 Billion Debt Offering, Redeems 2028 Notes
Feb 7, 2025
04:31 PM EST, 02/07/2025 (MT Newswires) -- Carnival (CCL) said Friday it closed a private offering of $2 billion of 6.125% senior unsecured notes due 2033. The net proceeds were used, as planned, to redeem the $2.03 billion of 10.375% senior priority notes due 2028 issued by Carnival Holdings (Bermuda), the company said. ...
BofA increased CEO Moyinhan's pay to $35 million in 2024
BofA increased CEO Moyinhan's pay to $35 million in 2024
Feb 7, 2025
Feb 7 (Reuters) - Bank of America Corp ( BAC ) increased the compensation for Chief Executive Officer Brian Moynihan by roughly 21% to $35 million for 2024, the lender said in a filing on Friday. ...
Equity Residential Insider Sold Shares Worth $384,800, According to a Recent SEC Filing
Equity Residential Insider Sold Shares Worth $384,800, According to a Recent SEC Filing
Feb 7, 2025
04:31 PM EST, 02/07/2025 (MT Newswires) -- Scott Fenster, Executive Vice President & General Counsel, on February 05, 2025, sold 5,340 shares in Equity Residential ( EQR ) for $384,800. Following the Form 4 filing with the SEC, Fenster has control over a total of 38,115 common shares of the company, with 35,507 shares held directly and 2,608 controlled indirectly....
Primaris REIT Distribution for February Unchanged From Prior Month
Primaris REIT Distribution for February Unchanged From Prior Month
Feb 7, 2025
04:31 PM EST, 02/07/2025 (MT Newswires) -- Primaris Real Estate Investment Trust (PMZ-UN.TO) on Friday afternoon declared a distribution of $0.0717 per unit for the month of February, representing $0.86 per unit on an annualized basis. The distribution will be payable on March 17 to unitholders of record on Feb. 28 and is consistent with the previous month's distribution. Primaris...
Copyright 2023-2025 - www.financetom.com All Rights Reserved