But the Canadian cinema chain boss says a settlement of the labor strife stateside will minimize disruption to the flow of studio tentpoles reaching his theaters.
But the Canadian cinema chain boss says a settlement of the labor strife stateside will minimize disruption to the flow of studio tentpoles reaching his theaters.
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Cineplex CEO Ellis Jacob sees the ongoing actors and writers strike impacting the flow of Hollywood tentpoles into his Canadian theaters, but if there’s a resolution to the labor strife soon that disruption could be limited.
This is not COVID where they’re going to shut it down,” Jacob told The Hollywood Reporter about the major studios delaying upcoming tentpole releases due to the ongoing Writers Guild of America and SAG-AFTRA labor actions.
He pointed to director Jason Reitman’s Ghostbusters: Afterlife for Sony having been pushed to 2024 from a high-profile Christmas 2023 release date due to the strikes.
But elsewhere on the release calendar, Jacob sees upcoming star-driven tentpoles reaching his cinemas through to the end of 2023 and into 2024 if a settlement of the ongoing strikes in Hollywood can limit the impact of product flow into his theaters.
Much will depend on the length of the strikes and when Writers Guild of America and SAG-AFTRA negotiators can reach a new agreement with the Alliance of Motion Picture and Television Producers, representing the major studios and streamers.
His comments followed Hollywood’s box office recovery lifting Cineplex to sharply higher second quarter earnings and revenues.
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