Cinema chain Vue eyes blockbuster £1.5bn sale or listing Retail Vue is bringing in bankers to oversee a float or sale which could value the cinema titan at as much as £1.5bn, according to reports. The British cinema chain, helmed by Canadian founder Tim Richards, has been interviewing banks in recent days as it pencils in the formal appointment of advisors later this year. Vue [...]
Vue: Cinema chain loses over £90m despite Deadpool & Wolverine boost Business Cinema chain Vue lost more than £90m last year as the success of Inside Out 2 and Deadpool & Wolverine failed to boost its bottom line. The business has posted a pre-tax loss of £91.8m for the 12 months to 30 November, 2024, having also lost £73.7m in the prior year. The latest total comes [...]
The Capitalist: Pedicabs, WH Smith and HMRC hang-ups Opinion Pedicab politics, the demise of WH Smith and taxman ghostings: catch up on the latest gossip in this week's edition of The Capitalist.
Cineworld: The six cinemas to close as restructuring plan completes December 10, 2024 Cineworld has revealed it will close another six of its cinemas across the UK as its major restructuring process comes to an end. The troubled chain will shutter its sites in Castleford, Leigh, Middlesbrough, Northampton, Poole and Weymouth. The move comes after Cineworld previously closed five sites after first announcing the overhaul in July. The [...]
Vue: National Minimum Wage and rising costs cuts cinema chain’s earnings November 29, 2024 The releases of Wonka, Kung Fu Panda 4 and Dune: Part 2 failed to boost sales at cinema chain Vue during the first half of its financial year while its earnings were slashed. The company said the falling admonitions and total revenue for the period were the result of coming up against the tough comparison [...]
The music of Louis Armstrong in this stirring Democratic Republic of Congo documentary November 18, 2024 Music, history, and politics intersect in this dense Democratic Republic of Congo documentary that informs as well as overwhelms. A Cold War-themed story of rebellion, espionage, and geopolitical intrigue, Soundtrack to a Coup D’etat is set during 1960 as the Republic elects its first independent leader. At the same time, the US begins to send [...]
Cinemas warn tax hikes may cause credits to roll November 15, 2024 The UK cinema industry has warned that higher taxes on employees’ wages announced in the Budget will be the final straw for some venues in what has become a core cultural industry. Chancellor Rachel Reeves increased the amount employers have to pay in NICs by 1.2 per cent, and lowered the wage threshold employers must start paying [...]