Connect with us

Business

Fusion: Revenue Up To 40% Less Than 2019 Numbers

A grim assessment of operations at Fusion Superplex as executives say the entertainment facility makes less than 50% of 2019 revenue, which is just enough to remain open

Published

on

A grim assessment of operations at Fusion Superplex as executives say the entertainment facility makes less than 50% of 2019 revenue, which is just enough to remain open.

 



Ten months after reopening amid the global pandemic, Fusion Superplex CEO Carlos Faulkes says the entertainment center haven’t been making any profits margins. He said Fusion is only making enough to pay its staff and keep the doors open. 

Fusion Superplex was one of many businesses forced to cancel new year’s eve events amid a rapid rise in cases.

Earlier this week, Faulkes estimated a $50,000 dollar loss in revenue from the cancellation which he said could’ve assisted in paying staff. Despite a drastic drop in revenue, Faulkes said they’ve made the decision to remain open. Given the rapid rise in cases, Faulkes said they reduced the number of individuals allowed in a theatre to 50% which also impacted their bottom line.

That means a theatre which on average holds around 200 people will now only accommodate a maximum of 100 people.

Advertisement



Comments

Trending