Cineworld Group

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Cineplex revenues sink as theatre closures hit Q1

Following the collapse of the Cineworld deal, Cineplex warned that uncertainties about the future ‘lend significant doubt about [its] ability to continue as a going concern.’

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Cineplex-Cineworld deal falls apart, legal battle underway

Cineworld said it is pulling the plug on the deal because Cineplex breached agreement terms, while Cineplex said the allegations represent “buyer’s remorse.”

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Cineworld won’t show films that ‘fail to respect the windows’

In a statement, the U.K. company addressed Universal’s recent move and said it had full confidence in the industry’s current business model.

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Cineworld execs defer salaries, bonuses as cost cutting intensifies

The U.K.-based exhibitor said it “continues to monitor the progress” of its proposed $2.8 billion acquisition of Cineplex.

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Cineplex temporarily lays off thousands of part-time workers

The exhibition giant is also cutting the salaries of its full-timers and executives as it looks to safeguard the long-term stability of its business amid the COVID-19 crisis. (Unlocked)

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Cineplex closes locations, provides Cineworld acquisition update

The company temporarily shuttered all 164 of its nationwide theatres 12 hours ahead of the Province of Ontario declaring a state of emergency.

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Cineworld continues with Cineplex deal in face of coronavirus concerns

The U.K. theatre chain maintains deal will close but protracted virus crisis may ‘cast doubt’ over ability to stay in business.

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Cineplex-Cineworld deal gets Ontario court approval

Meanwhile, a petition started by Vancouver’s Rio Theatre accusing Cineplex of “shutting out” indie theatres has racked up nearly 10,000 signatures.

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Cineplex-Cineworld deal gets shareholder approval

The $2.8 billion transaction remains on course to close before June 30, said Cineplex president and CEO Ellis Jacob, as the company announced its Q4 financials.

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No rival buyers in play as Cineplex go-shop period ends

Its closure sets the stage for U.K.-based Cineworld to acquire Cineplex as its shareholders prepare to meet on Feb. 11 to vote on the transaction valued at $2.8 billion.

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Cineplex-Cineworld deal raises questions for domestic film industry

Industry seeks reassurance that Cineworld or another buyer will put Canadian considerations on its priorities list.

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U.K.’s Cineworld Group to acquire Cineplex for $2.8B

The deal, which is still subject to a number of regulatory approvals, is expected to close in the first half of 2020.