The two sides are now suing each other for billions of dollars, each citing breaches of some part of the takeover deal. It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges. We reserve the right to close comments at any time. Pseudonyms will no longer be permitted. Cineplex has since reopened a few locations across Canada, but most of its theatres are still dark. "COVID-19 and termination of the Cineworld transaction have had a significant impact on our company," Van Lange said. The layoff news arrives as a large swath of Ontario — Canada's most populous province and home to 68 of the chain's 165 theatres across the country — is set to enter Stage 3 on Friday, which would allow businesses such as movie theatres to reopen under some capacity. Cineplex Inc. is inching towards a gradual reopening of its Canadian movie theatres, starting with six locations in Alberta later this month and more across the country in early July. It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges. Cineplex to cut 130 more jobs despite reopening plans, Lights, camera, action? How movie theatres, studios are struggling to reopen post-COVID, deal that fell apart in acrimony last month, two sides are now suing each other for billions of dollars, CBC's Journalistic Standards and Practices. "While we are confident our business will recover, in the short and medium-term we are focusing on a smaller number of projects and priorities supported by a sustainable financial model.". Box 500 Station A Toronto, ON Canada, M5W 1E6. Audience Relations, CBC P.O. Cineplex Inc., Canada’s largest movie theatre chain, is reopening some of its theatres in July after closing in mid-March when the COVID-19 pandemic struck. Cineplex noted the contract explicitly excludes "outbreaks of illness or other acts of God" from what would be considered material adverse effects of the deal. Cineplex says it is taking its resumption of business one step at a time, starting with "measured operations" at the Rec Room — a chain of entertainment locations serving food, drink and amusements — in Winnipeg, Calgary and Edmonton. You can change your choices at any time by visiting Your Privacy Controls.
Cineplex Inc. is inching towards a gradual reopening of its Canadian theatres, starting with six locations in Alberta later this month. Other regions of the world have struggled to get movie theatres back up and running.
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The rollout will introduce a number of new measures, including reserved seating in all auditoriums to ensure physical distancing between moviegoers, and staggered showtimes to reduce congestion in theatre lobbies. Warner Bros. recently pushed Christopher Nolan's Tenet, one of few big summer movies still on the schedule, back two weeks to July 31, and postponed Wonder Woman 1984 from August until the fall. While a trickle of smaller movies have been released over the past few months, largely at drive-in theatres, Hollywood studios have been reluctant to return to business as usual without confidence that people would consider visiting their local cinemas. Chinese officials allowed many local theatres to reopen, only to force them closed again over concerns of a second wave of infections. A spokesperson for Canada's largest movie operator confirmed the cuts to CBC News in an email, after published media reports suggested there were jobs on the chopping block.
By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Cineplex also announced its Rec Room properties — which features arcade games and dining options — will be reopening this week in Edmonton, Calgary … Cineplex and its 12,000 employees have had a tumultuous 2020. Comments are welcome while open. The year began with a proposed $2.8 billion takeover by British movie chain Cineworld, a deal that fell apart in acrimony last month. Cineplex says it will be cutting about 130 jobs in the U.S. and Canada, despite being in the ongoing process of reopening Canadian theatres.
Please note that CBC does not endorse the opinions expressed in comments. Despite that, Cineplex says it is "still reviewing what's being proposed by the province," so the company won't be opening its doors in Ontario just yet. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Canada's largest movie exhibitor says it plans to begin showing movies in the province on June 26. Cineplex asked the province to reconsider the rule, saying it would lose money by reopening. Cineplex planning tentative reopening of some theatres as of June 26, failed $2.8-billion acquisition by U.K.-based theatre chain Cineworld PLC, CBC's Journalistic Standards and Practices. Box 500 Station A Toronto, ON Canada, M5W 1E6. Cineplex Inc. is inching towards a gradual reopening of its Canadian theatres, starting with six locations in Alberta later this month. "The changes we put in place impacted just over 130 teammates in Canada and the United States, which includes senior executive retirements and departures over the coming months.". Cineplex closed all of its 164 theatres nationwide in mid-March, around the same time film distributors largely put a stop to new titles.
The company will also be dealing the fallout of its failed $2.8-billion acquisition by U.K.-based theatre chain Cineworld PLC, which fell through on Friday. "We had to make the difficult decision to scale back our resources and reduce the size of our full-time workforce," Sarah Van Lange said.
Both companies claim the other breached its contract and pledged to pursue legal action. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Canada's largest movie operator says it will be cutting about 130 jobs, despite being in the ongoing process of reopening Canadian theatres. "While we are certainly excited for the day our operations can resume, our top priority has always been the health and safety of our employees and guests and ensuring that their time with us is safe, comfortable and welcoming.". HuffPost is part of Verizon Media. The company then hopes to reopen on July 3 in as many other markets across the country as government and health authorities allow, as COVID-19 restrictions begin to loosen. Cineplex has announced it will reopen 25 theatres across the province on Friday after the provincial government allowed for expanded capacity in movie theatres. Cineworld, which is headquartered in London, alleges it became aware of a material adverse effect and breaches by the Toronto-based Cineplex, which led it to scrap the deal, while Cineplex claims there is "no legal basis" to terminate the agreement, and that it is Cineworld that has breached the contract. That failed, expensive takeover was happening against the backdrop of the COVID-19 pandemic, which forced the company to shutter its doors. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Comments on this story are moderated according to our Submission Guidelines. Cineplex Inc. is reopening some of its theatres as the company struggles with the fallout of COVID-19 and the demise of its takeover deal. To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Cineplex says it will be cutting about 130 jobs in the U.S. and Canada, despite being in the ongoing process of reopening Canadian theatres. The company acknowledged that despite plans to reopen, it expects COVID-19 to have "a prolonged negative impact on Cineplex's operations," and it has enacted layoffs, reduced capital spending and negotiated rent relief with landlords to help mitigate the financial hit. The Canadian exhibitor added that it "intends to commence legal proceedings promptly against Cineworld and seek damages. ", Audience Relations, CBC P.O. The province’s original stage 3 guidelines allowed for 50 people per building. The entertainment company confirmed […] Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps.
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