Cineplex has put itself up for sale while unveiling former Landmark Cinemas head Bill Walker as its new CEO, replacing a retiring Ellis Jacob.
“As part of the strategic review, the board will consider a range of alternatives, including, but not limited to, a potential sale of the company. The board has engaged Goldman Sachs and TD Securities as co-financial advisors in connection with the strategic review,” Cineplex, the Canadian exhibition giant, said in a statement via its board of directors.
Cineplex operates around 1,606 movie screens at 156 locations across Canada, and is a major launchpad for Hollywood tentpoles and other films screening north of the border. Putting up a for sale sign gets Cineplex back to where it was the last time Jacob sought an exit from the exhibition giant in 2019.
At that point, U.K. exhibition giant Cineworld Group unveiled a deal…
