Category: News

Cineworld’s US business helped to offset sluggish growth in the UK in the year so far as the cinema giant posted a rise in revenue.
Total group revenue was 11.6% higher between January 1 and November 11, with a string of popular film releases bringing customers to the cinema.
The group completed its acquisition of American chain Regal in March.
The merger made Cineworld the second-largest cinema company in the world by number of screens, and expanded its footprint in the US which now accounts for 75% of revenue.
9,526 screens789 cinemas In its financial statements, Cineworld calculated performance as though Regal had been part of the company since January 1 2017 to show underlying growth.
Comparative figures are therefore based on the combined performance of Cineworld and Regal in 2017.
Box office revenue was 12.4% higher in the US, supported by the success of Black Panther and Avengers: Infinity War.
Cineworld said management was still reviewing further opportunities for cost benefit..

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