Cineplex loses $39M competition case in Federal Court

An anonymous director reports CINEPLEX RESPONDS TO FEDERAL COURT OF APPEAL DECISION The Federal Court of Appeal has upheld the Competition Tribunal's September, 2024, decision related to Cineplex Inc.'s presentation of its on-line booking fee, including the $39-million administrative monetary penalty. Cineplex issued the following statement in response to the Federal Court of Appeal's decision: "We respectfully disagree with the Federal Court of Appeal's decision. We continue to believe that our on-line booking fee has always been presented in a clear and prominent manner that fully complies with the spirit and letter of the law. We have reviewed the Federal Court of Appeal's decision and will seek leave to appeal to the Supreme Court of Canada." About Cineplex Inc. Cineplex is a top-tier Canadian brand that operates in the film entertainment and content, amusement and leisure, and media sectors. Cineplex offers a unique escape from the everyday to millions of guests through its circuit of 171 movie theatres and location-based entertainment venues. We seek Safe Harbor.