Toronto 's Hot Docs Canadian Documentary Film Festival has announced that it will be shuttering its theatre at Bloor and Bathurst amid a"serious financial situation" and"challenging year."on Wednesday, saying that though its latest iteration from April 24 to May 5 was a success with 12 per cent higher box office revenues than anticipated, its operating deficit is still too to acute to continue on as is.
"To address our immediate cash flow needs and create a necessary window for the team to regroup and engage in critical strategic planning to address our deficit, we have made the difficult decision to temporarily close Hot Docs Ted Rogers Cinema," the organization wrote. "During this time, the leadership team will undertake an extensive review of the Cinema — its mission, programming and operations — to determine a path back to profitability. Additionally, our development team along with the board of directors, will continue key conversations with government partners to further seek solutions."The venue is slated to close for around three months, starting June 12.
Source: Entertainment Trends (entertainmenttrends.net)
Docs Ted Rogers Cinema Toronto 2024
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