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Coronavirus: Cineplex loses $98.9M in Q2 after movie theatres closed during pandemic

Ellis Jacob Canada covid-19 coronavirus news coronavirus update Coronavirus
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Cineplex Inc.’s chief executive is hoping that ending an agreement with a virtual reality golf company, films debuting in Canada before the U.S.

and a slew of COVID-19 measures will right his business as it struggles with mounting costs for movie theatres that sat closed for months.Ellis Jacob said Friday that his Toronto-based entertainment company had decided to mutually call off a deal with TopGolf that would have brought its sports complexes to Canada because it’s “simply not an opportune time” to invest in large projects.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
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Cases: 34 321 025
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Brazil
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Deaths: 141 607
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Russia
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Recovered: 0
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