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 [...]
Cineworld profits double: Fifty shades of payday for movie theatre chain March 12, 2015 Cineworld’s annual pre-tax profits more than doubled to £67.3m, despite a decline in 2014 box office sales. The UK’s largest cinema chain had revenue up by 52.5 per cent to £619.4m, up from £406.1m, in the 53-week period ending 1 January 2015. Chief executive of Cineworld, Moshe “Mooky” Greidinger, said it had been a hard [...]
Cineworld launches the UK’s first 4DX cinema this weekend: Here’s what to expect January 30, 2015 Some UK cinema audiences this weekend won’t just watch a film: they’ll see, smell, sense and feel it. UK chain Cineworld opens its first 4DX cinema, “which stimulates all five senses”, on Friday night for audiences who fancy gusts of air, simulated rain and pungent smells to go with their popcorn and Coke. [...]
Cineworld finance boss Philip Bowcock on the relevance of cinema in the digital age January 14, 2015 The art of cinema and the movie business are now at a crossroads,” Martin Scorsese, the veteran filmmaker, wrote in an open letter published in the Italian magazine L’Espresso last year. “In the future, you’ll probably see less and less of what we recognise as cinema on multiplex screens and more and more of it [...]
Cineworld expects Bond and Star Wars to deliver blockbuster box office in 2015 January 14, 2015 Cineworld is expecting a blockbuster year in 2015 thanks to a slate of forthcoming films that includes new installments to the iconic James Bond, Star Wars and Jurassic Park franchises. The cinema chain foresees a strong a year ahead to follow what was a successful year in 2014. In a trading update Cineworld [...]
Paddington Bear to keep Cineworld happy November 18, 2014 CINEWORLD Group reported yesterday that sales grew by 1.1 per cent in the first 46 weeks of the year, despite the World Cup holding back admissions. It is looking forward to a good fourth quarter with the release of Paddington Bear and The Hobbit: The Battle of the Five Armies.
Cineworld lifted by Cinema City revenue growth August 14, 2014 CINEWORLD, the largest cinema operator in the UK, reported a 33 per cent bump in revenues during the first half of the year, after its £900m takeover of European chain Cinema City helped offset weaker UK ticket sales. The Lego Movie, The Wolf of Wall Street and Twelve Years a Slave helped UK revenues to [...]
Cineworld gets a box office kicking during 2014 World Cup July 3, 2014 The biggest player in the UK cinema market, Cineworld, has seen its UK box office revenues fall by 0.6 per cent in the first six months of the year. The cinema group said yesterday the slight fall in sales was largely due to the popularity of the World Cup, which began in early [...]