Cineworld to buy Cineplex in $2.8-billion deal for Canada's largest theatre chain. Axes Tanner Zipchen

Dec 16th, 2019 7:01 am

#1

sprung [OP]: Deal Expert; Apr 16, 2002; 21740 posts; 24880 upvotes; Toronto

Dec 16th, 2019 7:01 am

Cineworld to buy Cineplex in $2.8-billion deal for Canada's largest theatre chain. Axes Tanner Zipchen

Last edited by sprung on Jan 13th, 2020 3:56 pm, edited 1 time in total.

"I felt a great disturbance at KFC as if millions of chickens suddenly cried out in terror and were suddenly silenced." RFD user stephroll

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Dec 16th, 2019 7:16 am

#2

b0ne: Deal Addict; Aug 14, 2001; 4372 posts; 2575 upvotes; Yesva Scotia

Dec 16th, 2019 7:16 am

Interesting..

😱

Dec 16th, 2019 8:11 am

#3

Mike15: Deal Fanatic; Nov 24, 2013; 6200 posts; 2950 upvotes; Kingston, ON

Dec 16th, 2019 8:11 am

Well at least that’ll recover ~some~ of my losses. Don’t know how the company could struggle so bad with 70% market share.

+1

Dec 16th, 2019 9:49 am

#4

heymikey: Deal Addict; Oct 2, 2006; 3615 posts; 511 upvotes

Dec 16th, 2019 9:49 am

OMG...

I was an Unlimited member with Cineworld when I was living in London, UK. If they bring that membership program to Canada, you can watch films in any of their cinemas multiple times a day if you wish for maybe $30 a month (based on the UK membership price).

+2

Dec 16th, 2019 10:29 am

#5

Mr_Fanta: Deal Addict; Nov 20, 2010; 3633 posts; 1590 upvotes

Dec 16th, 2019 10:29 am

Hope this new acquisition will lead to Canada finally having Dolby Cinema in our theatres. We only have the Dolby Atmos surround sound and are currently missing the Dolby Vision in our auditoriums.

Dec 16th, 2019 11:20 am

#6

zod: Deal Fanatic; Mar 12, 2005; 9963 posts; 1967 upvotes; Victoria

Dec 16th, 2019 11:20 am

I felt like CIneplex was a step down from Famous Players. Famous Player was really big into building new theatres with big screens etc.... Cineplex seemed more like maintaining the status quo (but upgrading technology a long the way.

I wonder which direction this new company will be like.

It's definitely a challenging industry to be in. If it's not a big epic blockbuster from an establish franchise (which Disney owns most of) it's hard to get people in the seats.

+5

Dec 16th, 2019 2:56 pm

#7

renoldman: Deal Fanatic; Sep 23, 2009; 5030 posts; 2193 upvotes

Dec 16th, 2019 2:56 pm

Smart move with no mega must see on the big screen movies for the foreseeable future.

Star Wars this week and then what?

Avatar Sequels coming in next decade?

Dec 16th, 2019 4:27 pm

#8

Talamasca: Deal Guru; Apr 26, 2004; 12073 posts; 2219 upvotes; Mississauga

Dec 16th, 2019 4:27 pm

renoldman wrote: ↑ Smart move with no mega must see on the big screen movies for the foreseeable future.

Star Wars this week and then what?

Avatar Sequels coming in next decade?

Mulan
No Time to Die
Black Widow
Fast and Furious 9
Wonder Woman 1984
Top Gun: Maverick
Tenet
Eternals
Uncharted

There's always something big on the horizon!

+3

Dec 16th, 2019 5:36 pm

#9

Hindenburg1: Deal Addict; Mar 17, 2016; 1429 posts; 1260 upvotes

Dec 16th, 2019 5:36 pm

I hope they do something with the scene points. The whole system has been really going downhill last 3-4 years.

+1

Dec 18th, 2019 10:10 am

#10

heymikey: Deal Addict; Oct 2, 2006; 3615 posts; 511 upvotes

Dec 18th, 2019 10:10 am

As I have already mentioned above...

Unlimited movie passes likely coming to Canada

I'm tempted to move back to Canada hahaha

+1

Dec 18th, 2019 10:54 am

#11

ohaidare: Newbie; Dec 10, 2019; 12 posts; 25 upvotes

Dec 18th, 2019 10:54 am

Interesting....

I was always under the impression that a majority of the ticket price is going to the studios (with higher percentages going to Disney) and the theaters were making their money from concessions. I suppose giving an unlimited pass would break even with the ticketing cost and rely on the additional attendance to boost concession profits.

With that being said, I'm curious about starting/stopping the membership. $30 makes sense when 4/5 blockbusters are coming down the pipeline, but some months the selection is downright awful.

Dec 18th, 2019 11:21 am

#12

zod: Deal Fanatic; Mar 12, 2005; 9963 posts; 1967 upvotes; Victoria

Dec 18th, 2019 11:21 am

I'm not sure an unlimited pass would get me to theatre more often. I generally go to see the big blockbuster movies I really want to see. Usually Marvel, Star Wars, and the odd non-disney flick. Maybe 3-4 movies a year at best. The theatre experience isn't always great due to the public. I'm fairly content waiting 3 months and watching the other movies at home.

It'll be interesting to see what the cost of a pass would be.

Dec 18th, 2019 11:34 am

#13

sprung [OP]: Deal Expert; Apr 16, 2002; 21740 posts; 24880 upvotes; Toronto

Dec 18th, 2019 11:34 am

yeah, with all the free screenings in Toronto it is very rarely that I find myself paying full price for movies. added to that, I can often buy cheap ($4-9) codes for Cineplex.

can't see the value in a membership for my viewing habits

"I felt a great disturbance at KFC as if millions of chickens suddenly cried out in terror and were suddenly silenced." RFD user stephroll

Dec 18th, 2019 11:37 am

#14

lensbuyer: Member; Sep 3, 2018; 296 posts; 162 upvotes

Dec 18th, 2019 11:37 am

Also, if Cineplex would introduce the unlimited pass it would be crazy expensive. I have experienced passes for less than $20/month CAD before in Europe and just by watching 2 movies a month you got your money's worth out of it.

Dec 18th, 2019 12:11 pm

#15

Talamasca: Deal Guru; Apr 26, 2004; 12073 posts; 2219 upvotes; Mississauga

Dec 18th, 2019 12:11 pm

lensbuyer wrote: ↑ Also, if Cineplex would introduce the unlimited pass it would be crazy expensive. I have experienced passes for less than $20/month CAD before in Europe and just by watching 2 movies a month you got your money's worth out of it.

Around $25/month would be my maximum price point to get an unlimited pass.

Dec 18th, 2019 12:20 pm

#16

Hindenburg1: Deal Addict; Mar 17, 2016; 1429 posts; 1260 upvotes

Dec 18th, 2019 12:20 pm

I'd be ok with a unlimited VIP sitting pass for up to $60/month. They can make their money in VIP food and drinks with more people coming in.

Dec 18th, 2019 12:46 pm

#17

silverele: Deal Addict; Apr 9, 2010; 2112 posts; 2141 upvotes; Toronto

Dec 18th, 2019 12:46 pm

Talamasca wrote: ↑ Around $25/month would be my maximum price point to get an unlimited pass.

I was hoping for something less than $20 something as well. I can get Cineplex certificates for about $10.50 from my work, and I'm not forced to use 2 every month. It's possible that Cineworld would cancel corporate bulk purchases, but I kinda doubt that.

Dec 18th, 2019 1:11 pm

#18

Talamasca: Deal Guru; Apr 26, 2004; 12073 posts; 2219 upvotes; Mississauga

Dec 18th, 2019 1:11 pm

silverele wrote: ↑ I was hoping for something less than $20 something as well. I can get Cineplex certificates for about $10.50 from my work, and I'm not forced to use 2 every month. It's possible that Cineworld would cancel corporate bulk purchases, but I kinda doubt that.

Can the GCs from your work be used online, or do you have to use them at the theatre's box office?

Dec 18th, 2019 2:18 pm

#19

silverele: Deal Addict; Apr 9, 2010; 2112 posts; 2141 upvotes; Toronto

Dec 18th, 2019 2:18 pm

Talamasca wrote: ↑ Can the GCs from your work be used online, or do you have to use them at the theatre's box office?

They are the Admit One certificates that a lot of programs sell, like CAA, eServus and Perkopolis.

I think starting this year or late last year you could use the Admit One codes online.

If you work on an Oxford property, you probably have access to eServus. If you are an alumni to a college or university, you might have access to Perkopolis.

+1

Dec 18th, 2019 3:33 pm

#20

Ballroomblitz1: Member; Oct 2, 2018; 390 posts; 258 upvotes; Toronto

Dec 18th, 2019 3:33 pm

It was a while back when Costco started selling off Cineplex passes at certain times with a $4 discount, making it $25.99 instead of the normal $29.99.

With so few good movies coming out to threatre's any longer, seems you only get Marvel movies or some rehash sequel instead of any new fresh movies.

I usually keep three or four passes at home all the time for may family, if i don't use my son or daughter will use from time to time.

If they go monthly fee i likely would skip that idea, not enough content to get me out once a month, for me or anyone in the family.

Until they start bringing out original content and not rehashed crap i don't believe the golden years will be coming back any time soon.