Industry News FreshSheet  - trending news in the restaurant and hospitality industry

Industry News FreshSheet
trending news in the restaurant and hospitality industry


Image: Krists Luhaers | Unsplash

Cineplex movie chain sells to UK-based Cineworld

Canada's largest theatre chain sells to UK-based Cineworld Group PLC for $2.8B.

Dec 16, 2019 - EightSix Staff

Facing declining attendance due to growing competition from at-home streaming services such as Netflix and Amazon Prime Video, Canada's largest movie theatre company has sold to Cineworld Group PLC, the world's second largest cinema company.

Cineplex's 165 cinemas across the country will join the 786 currently in Cineworld's portfolio in the U.S., U.K., Ireland, Poland, and Israel.

The deal is expected to close in the first half of 2020 pending shareholder approval.

In addition to its theatres, Cineplex owns movie, dining, and leisure brands The Rec Room, Playdium, and Topgolf Canada locations, as well as the recently announced Junxion entertainment venue.

Read the original article Cineworld to buy Canada's largest movie theatre chain in $2.8B deal for more details.

Trending News

Ontario announces Stage 3 reopening plan

Most of the province will enter Stage 3 - except the Greater Toronto Area.

PM announces CERB extended through August

The eight week extension of the program will provide much-needed relief to those who lost their jobs as a result of the pandemic.

BC restaurants and bars can soon buy alcohol for less

The BC government has just approved new wholesale pricing to allow restaurants and bars to purchase alcohol at reduced cost.

Get Fresh News Delivered

Top Jobs

Accounting/Finance

MeeT on Main

Vancouver, BC - Jul 13

Server

OEB Breakfast Co.

Vancouver, BC - Jul 01

Server

Yaletown Brewing Co.

Vancouver, BC - Jun 30

Host(ess)

Kobe Japanese Steak House

Vancouver, BC - Jun 21

Server

Orrange Kitchen + Bar

Port Coquitlam, BC - Jun 18

Line Cook / Chef de Partie

Orrange Kitchen + Bar

Port Coquitlam, BC - Jun 18

Sous Chef

Glowbal

Vancouver, BC - Jun 18

Line Cook / Chef de Partie

Cactus Club Cafe Coquitlam

Coquitlam, BC - Jun 16

Host(ess)

Cactus Club Cafe Coquitlam

Coquitlam, BC - Jun 16

Line Cook / Chef de Partie

White Spot Coquitlam

Coquitlam, BC - Jul 14

Line Cook / Chef de Partie

Browns Socialhouse Maple Ridge

Maple Ridge, BC - Jul 14

Prep Cook

Canuck Place Children's Hospice

Vancouver, BC - Jul 14