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As Movie Theatres Close Across Canada, $2.8 Billion Deal for Cineplex Faces New Obstacles

Agreement With London-Based Cineworld Includes Debt Provision That Could Be Impacted by Declining Revenue

Cineplex has 165 locations across Canada, including central Toronto. (CoStar)
Cineplex has 165 locations across Canada, including central Toronto. (CoStar)

Canada's movie theatres are now shuttered because of the coronavirus, a move that potentially jeopardizes London-based Cineworld Group’s $2.8 billion deal for Cineplex.

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