FOR IMMEDIATE RELEASE
Cineplex Responds to Press Release and Legal Action
not proven by the competition office
TORONTO, Ont., May 18, 2023 (TSX: CGX) — Cineplex, Canada’s largest entertainment and media company, issued the following statement in response to the Competitions Bureau’s news release:
“We are disappointed by the Competition Bureau’s statements today as the court has not yet reviewed and ruled on the matter. Our online booking fees are not misleading and fully comply with the letter and spirit of the law. The accusation of the competition authority is unfounded.
We have been working openly and transparently with the Competition Office since the end of 2022. Our online booking fees are completely optional and allow for advance seat selection. All this information is clearly stated on our website. Unlike other ticket outlets that charge such a fee, Cineplex guests can also purchase their tickets directly from their local theater without having to pay that small reservation fee.
We are calling for a swift decision and expect the lawsuit to be dismissed as unfounded. »
Cineplex (TSX: CGX) is a leading Canadian brand engaged in cinema, film content and entertainment, and entertainment and media. Cineplex offers millions of guests an escape with its tour of more than 170 theaters and entertainment venues. In addition to being Canada’s largest and most innovative cinema operator, Cineplex operates purpose-built youth and family complexes (Playdium) and dining and entertainment destinations The Rec Room (“Delights and Entertainment”), as well as a new entertainment concept that brings together films, games, restaurants and live -Shows under one roof (Cineplex Junxion). The company also operates successful businesses in digital commerce (CineplexStore.com), supplemental programming (Cineplex Events), film distribution (Cineplex Pictures), film media (Cineplex Media), fixed digital media (Cineplex Digital Media) and entertainment solutions (Player One Entertainment). groups). Cineplex is a partner of Scene+, Canada’s premier lifestyle and entertainment loyalty program, enabling it to offer guests even better value.
Recognized as one of Canada’s most admired corporate cultures, Cineplex employs more than 10,000 people across its offices and locations across Canada and the United States. To learn more, visit the website Cinemaplex.com.
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