Cineworld to reopen UK cinemas with social distancing measures on 10 July June 16, 2020 Cinema chain Cineworld today revealed it will reopen UK cinemas from 10 July as it hopes blockbuster releases including Christopher Nolan’s Tenet and Disney’s live action Mulan will attract wary punters to its screens. Cineworld’s UK cinemas will reopen after more than three months of lockdown after Prime Minister Boris Johnson ordered all non-essential British [...]
Cineworld sparks legal row by pulling out of £1.6bn Cineplex takeover June 15, 2020 Cineworld has pulled out of its £1.6bn deal to become the biggest cinema chain in America, sparking bitterness and the potential of a legal battle. The London-listed company claims Cineplex, Canada’s biggest cinema chain, has suffered a “material adverse effect” under the terms of the deal, which included a ceiling of $725m (£578m) on its [...]
Cineworld shares soar as it secures $110m cash boost for July reopening May 28, 2020 Shares in Cineworld jumped almost 25 per cent this morning after the chain said it had secured $110m (£90m) from lenders and hoped to reopen cinemas by July. The UK cinema operator said it had secured the cash through an increase in its revolving credit facility. It has also been granted approval to apply for [...]
Cineworld shares soar as chain outlines coronavirus battle plan April 7, 2020 Shares in Cineworld have soared more than 40 per cent this morning after the cinema chain outlined its plans to survive the coronavirus outbreak. The group’s entire estate of 787 cinemas across 10 countries have been closed due to the coronavirus pandemic. This morning the company announced its executive directors have postponed salary payments to [...]
Coronavirus: Major cinema chains close all sites March 17, 2020 The UK’s major cinema chains have announced they will close immediately after the government yesterday ramped up the fight back against coronavirus. Odeon, Vue, Picturehouse and Cineworld have all announced the closure of all their sites across the UK, while London’s BFI Southbank has also temporarily shut after the public were told to avoid public [...]
Coronavirus: Cineworld shares crash on debt breach warning March 12, 2020 Cineworld’s shares spiralled today as it warned a worst-case scenario for coronavirus could throw its future into doubt. If a worst-case scenario transpires, Cineworld said it could breach its debt terms as it would be forced to close cinemas for up to three months. Were that to happen, Cineworld would lose up to three months’ [...]
Cineworld suffers from weak box office as it lowers 2019 expectations December 3, 2019 Cinema group Cineworld blamed a weaker box office as the company said it expected trading for the full year to be below expectations. Shares in Cineworld rose nearly two per cent in the morning’s trading. Read more: Cineworld sets hopes on The Lion King as first half revenue drops The figures Total group revenue fell [...]
Cineworld sets hopes on The Lion King as first half revenue drops August 8, 2019 Cineworld has posted a sharp drop in revenue for the first half, which it blamed on the unfavourable timings of major film releases. The cinema chain reported revenue of $2.2bn (£1.8bn) in the six months to the end of June, down 11 per cent on the same period last year. Read more: Cineworld maintains guidance [...]
Cineworld profits rise to monster levels thanks to Jurassic World and Fifty Shades August 13, 2015 Shares in Cineworld rallied this morning after the UK’s largest cinema operator revealed an 11.5 per cent jump in revenues, saying it was performing ahead of plans thanks to box office hits including Fifty Shades of Grey and Jurassic Park. Total revenues, when factoring in the European chain Cinema City it acquired last year, reached [...]
Cineworld predicts Star Wars and James Bond to deliver further box office growth May 26, 2015 The figures Online streaming may be on the rise, but the lure of the silver screen is still strong if Cineworld's last 19 weeks are anything to go by. The UK cinema operator saw total group revenue rise 26.8 per cent for the 19 weeks ended May 14, with the biggest growth enjoyed in central [...]