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Podcast: North Star with Ellin Bessner
Episode: Ellis Jacob, CEO of Cineplex, is banking on blockbusters to recover from COVID and inflation
Description: After two years of lockdowns, Canadians are starting to head back to movie theatres with increasing frequency. For Ellis Jacob, the CEO of Cineplex, Canada's largest theatre chain, that means coming up with new ways to lure audiences into his 170 brick-and-mortar cinemas around the country.
It's a challenge he's been tackling since he became president and CEO of Cineplex Galaxy back in 2003. But with streaming services now dominating the industry and some moviegoers wary of catching COVID, the battle is significantly harder. Cineplex lost $42 million in the first fiscal quarter of 2022—half of what it lost in Q1...