Cineplex Narrows First-Quarter Loss as Box Office Revenue Soars

The Canadian exhibitor saw 9.8 million patrons in its theaters, against a year-earlier 6.7 million moviegoers, as ‘The Super Mario Bros. Movie’ and ‘Avatar: The Way of Water’ helped fill cinema seats. Canadian exhibition giant Cineplex saw its first quarter loss narrow and its overall revenues climb by nearly half as the Hollywood box office recovery continues north of the U.S. border. Toronto-based Cineplex posted a loss of CAN$30.4 million dollars (US$22.4 million), or CAN$.48 per-share (US$0.35), compared with a loss of CAN$42.2 million, or CAN$0.67-per-share in the same period of 2022.…

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Let’s-a-Go! ‘Super Mario Bros. Movie’ Gets Ready to Join $1 Billion Box Office Club

The animated movie made more history in scoring the seventh-biggest second weekend of all time domestically, behind live-action juggernauts including ‘Star Wars: The Force Awakens,’ ‘Avengers: Endgame’ and ‘Jurassic World.’ Every Sunday morning, Hollywood studios release estimated weekend grosses for their movies. Those estimates are usually close to right — unless they have a huge hit or a huge miss on their hands. The Super Mario Bros. Movie falls in the first category. Sunday estimates for the April 14-16 weekend showed the Illumination and Universal movie earning a jaw-dropping $87 million in…

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Can Movie Theaters Survive? It’s the Most Enduring Question in Hollywood

Box office is down, a cash crunch has hit pocketbooks and a new media rival has exhibitors worried. Sounds a lot like the 1930s, when Great Depression-era customers were running away from venues. The exhibition end of the motion picture business — where moviegoers go when they leave their domiciles and travel thorough geographical space for a communal, in-person experience before a big screen — is in trouble. Again. Whether at the repertory house or the multiplex, box office has not yet rebounded from the one-two punch of COVID-19 and…

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