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 [...]
Vue: National Minimum Wage and rising costs cuts cinema chain’s earnings Business 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 [...]
Vue cinemas get box office boost as AI takes over its film scheduling July 22, 2024 Cinema chain Vue has said using artificial intelligence (AI) to create "algorithm-driven film schedules" has helped to boost its admission numbers and profit.
Cineworld: Final curtain set to fall on dozens of cinemas as part of sweeping restructuring July 4, 2024 Cineworld is planning to shutter a quarter of its UK cinemas as part of a sweeping restructuring plan.
Everyman: Dune 2 and Bob Marley films will help cinema ‘outperform’ in 2024 April 16, 2024 In its full year 2023, Everyman reported double digit revenue and profit growth, sending shares up over four per cent on Tuesday.