More than 115 cases of eye damage reported in Ontario after solar eclipse
More than 115 people who viewed the solar eclipse in Ontario earlier this month experienced eye damage after the event, according to eye doctors in the province.
Projectors began lighting up the big screens at many Cineplex Inc. movie theatres over the spring, but Canada's biggest cinema chain still faced another quarter of deep losses.
The impact of theatre closures from the COVID-19 pandemic and moviegoers still cautious to return to multiplexes continued to wreak havoc on the company's financial results in the second quarter as it lost $103.7 million.
Cineplex also introduced a ticket price increase across the country, which chief executive Ellis Jacob told The Canadian Press was “about three per cent, on average.”
That would amount to nearly 50 cents extra for a regular ticket at one of the Toronto locations, though Jacob pointed out the price could be less substantial in other parts of the country. It could also be more for premium tickets, such as Imax or VIP theatre screenings.
The decision was made to “kind of offset operating costs - all of the costs have gone up,” Jacob said of running the business amid a pandemic.
“It was basically early spring that we started to look at it because we were looking at costs and we were looking at where things stood and we haven't taken a price increase for a while.”
The price hike couldn't stem Cineplex's losses, which amounted to $1.64 per diluted share for the quarter ended June 30, compared with a loss of $98.9 million or $1.56 per diluted share a year ago.
Total revenue was $64.9 million, up from $22 million in the same quarter last year.
Box-office sales accounted for $12.5 million of revenue compared with a nominal amount a year ago when the company had just six theatres open in Alberta in June 2020.
Food service revenues, which incorporate results from concession and food delivery orders, rose to nearly $13.3 million from almost $3.3 million a year ago when nearly all of the sales came from people ordering popcorn and treats at home. However, the company noted that fewer customers were snacking in theatres during the latest quarter because of “strict operating restrictions and mandatory closures.”
Ticket sales were dominated by “F9: The Fast Saga,” even though it opened less than a week before the quarter ended, while “A Quiet Place Part II” also proved popular. About 1.1 million patrons showed up in the period, though the number was front-loaded to the first week of reopening.
Cineplex's media revenue rose to $9.4 million compared with $8.1 million in the same quarter last year, while amusement revenue increased to $22.2 million, up from $3.7 million. Other revenue increased to $7.6 million from $7.1 million a year ago.
Running a business in the pandemic has been a challenge for every sector, but movie theatres have taken it on the chin with mandatory closures nationwide and major Hollywood titles jumping ship to debut on streaming platforms or digital rental services.
Cineplex started the second quarter with just 38 theatres open across Canada and wrapped the three-month period with 86 in operation as health officials pulled back on closures and eased capacity restrictions in some regions.
Ontario and Manitoba did not register any ticket sales in the quarter as they remained closed until mid-July. All of the company's 160 theatres are now open, Jacob said.
How this fall's slate of Hollywood films will fare continues to plague the movie industry which has already witnessed a slip in the box office stateside as new strains of the virus that causes COVID-19 keep more people at home.
Jacob said he's confident movie studios won't shuffle of their calendar dramatically again in the coming months, but he acknowledged those decisions are out of his control.
“I think if there are movements, they will be very limited because these movies have been on the shelf for a while,” he said.
Shortly after the interview with Jacob, Sony Pictures announced it was pushing superhero sequel “Venom: Let There Be Carnage” by three weeks, from Sept. 24 to Oct. 15.
Cineplex is looking on the bright side of a very dark period, putting promotional efforts behind CineClub, a new monthly subscription program for avid moviegoers it hopes will remove some uncertainty from the business equation while enticing customers to return.
For $9.99 per month, members get numerous perks, among them a complimentary movie ticket that can roll over to future months for active members, a 20 per cent discount on concession items, and a limited number of cheaper “member-priced” tickets.
CineClub operates entirely separate from the physical box-office, meaning all ticket purchases are done online, a plan the company says eliminates a “touch point” with the automated box-office machines or employees.
This report by The Canadian Press was first published Aug. 12, 2021.
More than 115 people who viewed the solar eclipse in Ontario earlier this month experienced eye damage after the event, according to eye doctors in the province.
George Mallory is renowned for being one of the first British mountaineers to attempt to scale the dizzying heights of Mount Everest during the 1920s. Nearly a century later, newly digitized letters shed light on Mallory’s hopes and fears about ascending Everest.
A Sherwood Park family says their new house is uninhabitable. The McNaughton's say they were forced to leave the house after living there for only a week because contaminants inside made it difficult to breathe.
A man has been handed a lengthy hunting ban and fined thousands of dollars for illegally killing a grizzly bear, B.C. conservation officers say.
Sophie Gregoire Trudeau says there is 'still so much love' between her and Prime Minister Justin Trudeau, as they navigate their post-separation relationship co-parenting their three children.
An emergency slide fell off a Delta Air Lines jetliner shortly after takeoff Friday from New York, and pilots who felt a vibration in the plane circled back to land safely at JFK Airport.
The B.C. NDP has asked the federal government to recriminalize public drug use, marking a major shift in the province's approach to addressing the deadly overdose crisis.
An Ontario man who took out a loan to pay for auto repairs said his car was repossessed after he missed two payments.
A girl and a boy, both 14 years old, made their first appearance today in a Halifax courtroom, where they each face a second-degree murder charge in the stabbing death of a 16-year-old high school student.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
A property tax bill is perplexing a small townhouse community in Fergus, Ont.
When identical twin sisters Kim and Michelle Krezonoski were invited to compete against some of the world’s most elite female runners at last week’s Boston Marathon, they were in disbelief.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.
A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.