- Cineplex Inc. launched a strategic review that includes a possible sale and hired Goldman and TD as advisors.
- Cineplex announced a new CEO to replace longtime head Ellis Jacob.
- Cineplex is the dominant owner of movie theaters in Canada.
- A 2019 deal to be acquired by Cineworld fell apart because of severe losses during the Covid-19 pandemic.
Quotes
“Cineplex Inc. launched a strategic review that may lead to a sale and announced a new chief executive officer to replace longtime head Ellis Jacob.”
“Cineplex is the dominant owner of movie theaters in the country.”