Cineplex Inc. says it reaped the rewards of a strong slate of films at the box office last quarter, with smash hits Barbie and Oppenheimer leading the charge since.
As television and film writers passed the 100th day of striking and actors neared a month on the picket lines, the chief executive of Canada’s largest cinema chain is hoping"common sense will prevail" and the sides will have reached an agreement by the of the year.
Jacob has seen few studios delay releases so far and said many he deals with"are basically working hard to make sure that the content supply continues." The biggest movies came on July 21, when"Barbie," the film starring Margot Robbie and Ryan Gosling about the popular Mattel doll, and"Oppenheimer," Christopher Nolan's epic about the creation of the atomic bomb, debuted.
"But Warner Brothers did an incredible job marketing the movie. I think the movie is awesome and it's done really, really well." On an adjusted basis, Cineplex said its diluted earnings for the quarter hit $1.99 per share versus two cents per share a year prior, beating analyst expectations of 21 cents per share, according to financial markets firm Refinitiv.
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