Cineplex Inc. CEO Ellis Jacob says the country’s largest movie theatre chain is prepared to be “agile and nimble” as film exhibitors face historic unpredictability during the pandemic.The head of Cineplex told investors at the company’s webcast annual meeting that executives are ready to “make the necessary changes required” to push through the next six to 12 months.He says that could include reducing lease costs and making further reductions to payroll expenses.
Cineplex layoffs impact more than 130 staff in Canada, U.S. amid coronavirus pandemic Jacob offered the reassurance to investors only three days after Ontario’s revised COVID-19 restrictions led Cineplex to temporarily close 22 of its 68 Ontario theatres for nearly a month on.