Cineplex (TSE:CGX) has released an update.
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Cineplex, Canada’s prominent entertainment and media company, has reported a robust $33.9 million box office revenue for May 2024, which is 71% of the revenue from the same month last year. Blockbusters like ‘Kingdom of the Planet of the Apes’ and ‘Furiosa: A Mad Max Saga’ led the earnings, with a significant portion coming from premium viewing experiences. The company is optimistic about the upcoming summer season, highlighted by the strong pre-sales of ‘Deadpool & Wolverine’, as it anticipates a rebound in box office performance in the second half of 2024.
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