Canada’s Cineplex Sues Regal Cinemas Owner Cineworld Over Aborted Acquisition Deal

Ryan Reynolds is practically Canada’s superhero at this point.

Jake Kanter International TV EditorSky original drama and comedies, including David Schwimmer show Intelligence, will broadcast in Canada under a new “multi-year” output deal with Corus Entertainment.From later this year, Corus will premiere multiple Sky series, including those funded or co-produced by the Comcast-owned broadcaster’s television arm, Sky Studios.

Patrick Frater Asia Bureau ChiefShout! Factory, a specialty distributor and channels operator, will become a major North American home for the iconic Japanese “Ultraman” shows following a deal with Alliance Entertainment / Mill Creek Entertainment.The multi-year alliance provides Shout! Factory and its multi-platform streaming service, Shout! Factory TV with exclusive SVOD and AVOD digital rights in the U.S. and Canada to creator Tsuburaya’s catalog of “Ultraman” properties.

Canada's Cineplex has launched a CAN $275 million (US $202 million) debt-securities issue to shore up its balance sheet after its $2.1 billion takeover by Regal owner Cineworld Group was called off. On Tuesday, Cineplex unveiled plans for a public offering of unsecured convertible debentures underwritten by a syndicate of Canadian banks.

As it continues a phased reopening, Canadian exhibitor Cineplex has started legal proceedings in the Ontario Superior Court of Justice against Regal owner Cineworld Group, "seeking damages after Cineworld wrongfully repudiated the transaction to acquire Cineplex." On June 12, the U.K.-based cinema giant had called off its planned $2.1 billion takeover of Cineplex, which would have created one of the world's largest cinema companies with more than 11,200 screens globally.

Nancy Tartaglione International Box Office Editor/Senior ContributorCineplex on Friday filed a suit against Cineworld Group after the latter terminated a deal to acquire the Canadian exhibitor in June. The action, at the Ontario Superior Court of Justice, seeks damages including the approximately $2.18B ($1.6B) that Cineworld would have paid upon closing the transaction, as well as compensation for “other losses,” Cineplex said in a statement.

Justin Bieber’s long time producer Poo Bear, who has worked with him on hits like ‘What Do You Mean,’ ‘Purpose’ and ‘Despacito,” calls the 26-year-old pop star’s vow to help fight racial injustice extremely “vulnerable.”

Canada's Cineplex reported a $178.4 million loss in the first quarter after the global COVID-19 crisis shuttered its theaters and out-of-home entertainment venues since March. During the latest quarter, the Canadian exhibitor posted a non-cash impairment charge of $173.1 million related to goodwill, right-of-use assets and property and leasehold charges.

After theatres were forced to shutter in March due to the ongoing coronavirus pandemic, moviegoers in Alberta will be among the first in the country to experience big-screen thrills this weekend when locations in Edmonton and Calgary reopen.

Rachel McAdams is ready to bring the laughs and her musical talent to the new Netflix comedy “Eurovision Song Contest: The Story Of Fire Saga” opposite Will Ferrell. From her home in Los Angeles, the Canadian actress tells ET Canada’s Carlos Bustamante she’s been making the most of her time in isolation with her family ahead of the release of her new movie.

According to Variety, the theatre chain plans to show favorites such as “The Empire Strikes Back,” “Jaws”  and “Black Panther.”The move comes just weeks before the release of “Mulan” on July 24 and “Tenet” on July 31.In accordance with the CDC’s social distancing guidelines, all theaters will have a 50 percent reduced capacity when they reopen on July 10.

Netflix has found itself in hot water with the Conan Doyle estate.

Also Read: Animator Glen Keane Reaches for the Stars in Trailer for Netflix's 'Over the Moon' (Video)“After the stories that are now in the public domain, and before the Copyrighted Stories, the Great War happened,” the lawsuit said. “In World War I Conan Doyle lost his eldest son, Arthur Alleyne Kingsley.

After the Writers Guild of Canada took to social media to show support for the Black Lives Matter movement, the Canadian screenwriters union has had to defend its policies on diversity and inclusion. "They are accusations and of course we want to be the best employers that we can be...

Regal owner Cineworld, the second-largest cinema chain in the world behind AMC Theatres, has further boosted its liquidity as it gears up for a reopening of its movie theaters next month. Early on Monday, Cineworld, the largest operator in the U.K., where is also owns the Picturehouse cinema chain, said ithas agreed with a group of private institutional investors on the terms of a new $250 million secured debt facility that matures in 2023.

Naman Ramachandran The U.K.-based Cineworld multiplex group has agreed with a group of private institutional investors terms for a new $250 million secured debt facility that matures in 2023.

Canada's Cineplex won’t require guests to wear face masks in its theaters when they start reopening later this month. The Canadian movie theater chain said it will require employees to wear masks and other protective equipment to help ensure a safe environment in its 165 theaters nationwide.