Box Office Sales IncreaseEstimates now imply a 7.8% increase in box office sales, y/y up from 6.7% previously.
Divestiture And Capital AllocationCineplex announced it has entered into a definitive agreement to sell its digital place-based media division, Cineplex Digital Media (CDM), to Creative Realities for $70 million in cash.
Film Slate And Balance Sheet ImprovementsCineplex benefits from a likely extended phase of positive film slates and balance sheet deleveraging is reaching critical milestones.