CINEPLEX IS LOSING CASH DESPITE SOARING REVENUE, MEANING THE CINEMA BUSINESS IS ON ITS WAY.

From The Canadian Press —- CINEXPLEX INC. reported a first-quarter loss of $42-2 million, as its revenue soared up with customers returning to movie theatres. CEO Ellis Jacob put it this way: “Operating restrictions have now been completely lifted across theatres. And customers are returning. They’re seeing positive results and momentum across business lines. Revenue totaled $228-7 million, up from $41-4 million in the first three months of 2021.I’d say that’s an amazing improvement!

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